Sainsbury's Smart to Abandon Talks With JD.com if Sale Isn't Right -- Market Talk
Dow Jones
Sep 15
0726 GMT - Sainsbury's made the right choice to step away from a deal to sell its Argos business to JD.com if it isn't best for stakeholders, Shore Capital analysts Clive Black and Darren Shirley write in a note. However, JD.com would have made sense as a potential buyer for the unit with its global reach and scope in retail and logistics, the analysts say. Sainsbury's openness in shedding Argos isn't something that shareholders should be surprised by as it might be the best for customers, shareholders, suppliers and employees, they write. Shares rise 3.8% to 318.80 pence and are leading the FTSE 100 index risers. (aimee.look@wsj.com)
(END) Dow Jones Newswires
September 15, 2025 03:26 ET (07:26 GMT)
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