UK's Sainsbury's rises after ending Argos sale talks with JD.com

Reuters
2025.09.15 07:17
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** Sainsbury's gains 3.1% to 316.8p; top pct gainer on FTSE 100 index CURRENCYCOM:UK100** Stock hits more than four-year high** On Sunday, supermarket chain said it had ended talks with JD.com for sale of its Argos general merchandise retailer** Says, "JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments, which are not in the best interests of Sainsbury's shareholders, colleagues and broader stakeholders"** SBRY rises ~15% YTD

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