JSAIY vs. WMMVY: Which Stock Is the Better Value Option?
Tesco said sales had been lifted by clothing and other household goods, as well as shoppers buying for the Euro 2020 football tournament and 'staycations.'
LONDON (Reuters) -Shares in British supermarket group Sainsbury's rose as much as 3.7% on Monday on hopes SoftBank's Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK grocery. Sainsbury's stock was up 4.2 pence at 288.9 pence at 0858 GMT, valuing the business at 6.7 billion pounds ($9.1 billion). Fortress was defeated in Saturday's shootout for Morrisons, Britain's No. 4 supermarket group, bidding 286 pence a share - a penny less than rival Clayton, Dubilier & Rice.