Sainsbury's sinks but Lloyds, trade hopes lift FTSE 100 [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Reuters
Sainsbury's sinks but Lloyds, trade hopes lift FTSE 100 | Reuters 3 Min Read (Reuters) - London’s main bourse rose as Lloyds gained after promising to return cash to shareholders and optimism prevailed over China-U.S. trade talks. But Sainsbury’s lost nearly a fifth of its market value as regulators objected to its takeover of Walmart’s Asda. Both the FTSE 100 and the FTSE 250 ended the day with 0.7 percent higher. Stocks in Wall Street were also in positive territory as investors awaited the Federal Reserve’s minutes from its latest meeting. Hopes of a breakthrough in the U.S.-China trade talks lifted spirits as U.S. President Donald Trump said he was open to extending their March 1 deadline. Lagging the main index by a wide margin was Sainsbury’s, which lost 18.5 percent as Britain’s competition regulator said its deal with Walmart-owned Asda should either be blocked or require the sale of a significant number of stores and possibly one of the brands. Sainsbury’s stock gave up all t
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LYG
Sec Filings
- 3/28/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/26/24 - Form 6-K
- LYG's page on the SEC website