Supermarkets Suffer but Miners Give Ftse a Lift

The ScotsmanApril 11, 2007

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Summary


SUPERMARKET giant J Sainsbury took centre-stage yesterday as its shares tumbled 4 per cent on reports that the team of private equity suitors eyeing a potential GBP 10.1 billion takeover was close to collapse.

Sainsbury's shares dropped 22.5p to 538.5p, with the drama overshadowing a day of quiet gains for London's blue-chips after the Easter break.

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Extract


Supermarkets Suffer but Miners Give Ftse a Lift

The FTSE 100 index closed 20.5 points higher at 6,417.8.

Other supermarket stocks were dragged lower as hopes of a bid for Sai...

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