Advertisement
UK markets close in 6 hours 39 minutes
  • FTSE 100

    8,084.06
    +39.25 (+0.49%)
     
  • FTSE 250

    19,797.12
    -2.60 (-0.01%)
     
  • AIM

    755.56
    +0.69 (+0.09%)
     
  • GBP/EUR

    1.1631
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.2427
    -0.0026 (-0.21%)
     
  • Bitcoin GBP

    53,617.34
    +364.82 (+0.69%)
     
  • CMC Crypto 200

    1,438.83
    +14.73 (+1.03%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    82.96
    -0.40 (-0.48%)
     
  • GOLD FUTURES

    2,331.80
    -10.30 (-0.44%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,206.60
    +68.95 (+0.38%)
     
  • CAC 40

    8,122.04
    +16.26 (+0.20%)
     

RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News

A sign is displayed outside a Sainsbury's store in London, Britain December 3, 2015. REUTERS/Neil Hall/File Photo

LONDON (Reuters) - Sainsbury's (SBRY.L), the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday.

His appointment could be announced as early as Wednesday, when the retailer will hold its annual general meeting, Sky said, citing people close to the company.

Scicluna already chairs insurance group RSA (RSA.L) and property company Great Portland Estates (GPOR.L).

Sainsbury's, Britain's second biggest supermarket, announced a 7.3 billion pound deal to buy Walmart-owned (WMT.N) Asda in April, a tie-up which could put it ahead of market leader Tesco (TSCO.L) in grocery sales.

ADVERTISEMENT

The deal is expected to face scrutiny from regulators, and Sainsbury's has said it does not expect it to be concluded until the second half of 2019.

Sky News said it was not clear when Scicluna would take up his new role at the supermarket group.

Sainsbury's was not immediately available to comment.

(Reporting by Paul Sandle. Editing by Jane Merriman)