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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 -0.64% 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 /zigman2/quotes/205533138/delayed UK:MRW -0.04% , the target of a private-equity battle, slipped 0.3%.

The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.42% 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 -3.94% and hotels operator Whitbread /zigman2/quotes/207954631/delayed UK:WTB -2.43% each rose 3%.

/zigman2/quotes/206038250/delayed
UK : U.K.: London
294.70 p
-1.90 -0.64%
Volume: 3.05M
Oct. 18, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
3.60%
Market Cap
£6.87 billion
Rev. per Employee
N/A
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/zigman2/quotes/205533138/delayed
UK : U.K.: London
285.30 p
-0.10 -0.04%
Volume: 5.66M
Oct. 18, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£6.89 billion
Rev. per Employee
£149,076
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,203.83
-30.20 -0.42%
Volume: 550,570
Oct. 18, 2021 4:55p
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
175.72 p
-7.20 -3.94%
Volume: 28.70M
Oct. 18, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£9.07 billion
Rev. per Employee
£120,743
loading...
/zigman2/quotes/207954631/delayed
UK : U.K.: London
3,287.00 p
-82.00 -2.43%
Volume: 399,376
Oct. 18, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£6.79 billion
Rev. per Employee
£20,742
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