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  2. Share Prices
  3. Sainsbury's Share Price
  4. Sainsbury's Share Regulatory News
  5. Update on Sainsbury’s Bank

Pin to quick picksSainsbury's Regulatory News (SBRY)

Sainsbury's Information

Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
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Share Price: 283.20
Bid: 283.00
Ask: 283.20
Change: -1.40 (-0.49%)
Spread: 0.20 (0.071%)
Open: 281.40
High: 284.00
Low: 281.40
Prev. Close: 284.60
SBRY Live PriceLast checked at -

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Update on Sainsbury’s Bank

22 Oct 2021 07:00

RNS Number : 8791P
Sainsbury(J) PLC
22 October 2021
 

22 October 2021

 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

J Sainsbury plc

Update on Sainsbury's Bank

On 17 November 2020, J Sainsbury plc ("Sainsbury's") announced that it had received some expressions of interest in a possible acquisition of Sainsbury's Bank.

Whilst the Board of Sainsbury's believe that it was in the best interests of shareholders to explore these expressions of interest, it has concluded that these do not offer better value for shareholders than will be realised through retaining Sainsbury's Bank. Accordingly, all such discussions have now ended.

We continue to make progress strengthening and simplifying our Financial Services business in line with our strategy and we remain comfortable with consensus profit forecasts for the division1.

 

1Current analyst consensus for Financial Services Underlying Operating Profit: FY21/22 £26m, FY22/23 £43m, FY23/24 £49m.

Tim Fallowfield, Company Secretary and Corporate Services Director, was responsible for the disclosure of this announcement.

 

For further information, please contact:

Investor Relations Enquiries

James Collins +44 (0) 7801 813 074

Media Enquiries:

Rebecca Reilly +44 (0) 20 7695 7295

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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