Sainsbury's Sniffs Start Retail Soaring ; Market Report

Summary


Retail stocks soared yesterday after three buy-out groups confirmed their interest in an offer for supermarket chain Sainsbury's.

The potential return of merger and acquisition activity gave the London market a boost, with the FTSE 100 Index 28.7 points higher at 6310.9 by the close.

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Extract


Sainsbury's Sniffs Start Retail Soaring ; Market Report

The rise extended a gain of 79 points on Thursday and confirmed that positive sentiment seen in New York in recent sessions h...

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