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Aug. 24, 2021, 8:24 a.m. EDT

Sainsbury retreats from three-year high as FTSE 100 slips

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By Steve Goldstein

U.K. supermarket chain J Sainsbury on Tuesday retreated from a three-year high, as no bid has yet to materialize.

Sainsbury /zigman2/quotes/206038250/delayed UK:SBRY +1.30% shares lost nearly 4%, following the 15% surge on Monday, which came after a report from the Sunday Times said the private-equity group Apollo was debating whether to make a takeover offer.

Wm. Morrison Supermarkets , the target of a private-equity battle, slipped 0.3%.

The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.55% retreated 0.3% to 7,085.57, as banks and drugmakers also declined.

Travel plays including British Airways owner International Airlines Group /zigman2/quotes/208070069/delayed UK:IAG +3.37% and hotels operator Whitbread /zigman2/quotes/207954631/delayed UK:WTB +3.10% each rose 3%.

/zigman2/quotes/206038250/delayed
UK : U.K.: London
280.20 p
+3.60 +1.30%
Volume: 6.37M
Dec. 1, 2021 4:35p
P/E Ratio
23.63
Dividend Yield
3.78%
Market Cap
£6.40 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,168.68
+109.23 +1.55%
Volume: 710,158
Dec. 1, 2021 4:59p
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/zigman2/quotes/208070069/delayed
UK : U.K.: London
131.76 p
+4.30 +3.37%
Volume: 38.64M
Dec. 1, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£6.32 billion
Rev. per Employee
£120,743
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/zigman2/quotes/207954631/delayed
UK : U.K.: London
2,890.00 p
+87.00 +3.10%
Volume: 528,324
Dec. 1, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£5.65 billion
Rev. per Employee
£20,742
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