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The Independent UK
The Independent UK
Business
Holly Williams

Sainsbury’s shares rise despite Argos sale talks collapsing

Sainsbury Argos China JDcom
A view shows Argos' head office in Milton Keynes - (Reuters)

Shares in supermarket giant Sainsbury’s saw a significant jump on Monday morning following weekend revelations of collapsed talks to sell its Argos business to Chinese e-commerce firm JD.com.

The UK’s second-largest grocery chain experienced a 6 per cent rise in its stock within the FTSE 100 index as investors responded to the news.

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