Sainsbury's shares up amid takeover rumours

Shares in Sainsbury’s surged more than 5% today as speculation circulated in London that it may soon face a takeover bid.

Sainsbury's shares up amid takeover rumours
Thu, 02 Sep, 2004 - 15:34

Shares in Sainsbury’s surged more than 5% today as speculation circulated in London that it may soon face a takeover bid.

Analysts named US-based retailing giant Target among potential buyers for the UK’s third-largest retailer, which saw its share price rise 13.5p to 271.5p.

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CourtsBusinessHeathrowPlace: SainsburyPlace: LondonPlace: UKPerson: Philip GreenPerson: Justin KingPerson: SirPerson: Peter DavisPerson: Clive BlackPerson: Henk PottsPerson: Lawrence ChristensenPerson: Gwynn BurrPerson: ChristensenOrganisation: SainsburyOrganisation: TargetOrganisation: BHSOrganisation: ArcadiaOrganisation: AsdaOrganisation: TescoOrganisation: Marks & SpencerOrganisation: Shore CapitalOrganisation: MorrisonsOrganisation: SafewayOrganisation: Barclays Stockbrokers
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