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Evening Standard
Evening Standard
National
Holly Williams

Sainsbury’s shares rise after ill-fated talks to sell Argos to China’s JD.com

Sainsbury Argos China JDcom
Supermarket Sainsbury’s has seen shares jump higher after weekend revelations over talks to sell Argos to Chinese e-commerce giant JD.com, despite discussions swiftly collapsing (Alamy/PA) -

Supermarket Sainsbury’s has seen shares jump higher after weekend revelations over talks to sell Argos to Chinese e-commerce giant JD.com, despite discussions swiftly collapsing.

Shares in the UK’s second largest grocery chain rose 6% at one stage in the FTSE 100 index on Monday morning as investors reacted to the news.

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