Sainsbury's boss sings 'We're in the Money' before TV interview

Mike Coupe was caught singing on camera

Sainsbury's said it would retain both brands, and does not plan to close any stores even as it aims to save -500 million ($684 million) a year.

"We are also actively investing in small suppliers - we are recruiting a team which is dedicated to working with smaller and distinctive suppliers to help them bring new products to market and to handhold them through this process".

Nevertheless, Sainsbury's shares jumped as much as 21 percent to 327.1 pence, their highest since July 2014 and were on course for their biggest ever daily gain, while shares in rivals Tesco and Morrisons fell.

Sainsbury's held 15.9% of the United Kingdom grocery market in the 12 weeks ending April 22, 2018, while Asda accounted for 15.5%, according to Kantar Worldpanel. Walmart will receive $4.1 billion and a 42 percent stake in the merged company.

Steamboat Geyser Erupts for Third Time This Year
Yellowstone National Park staff and some guides arrived on site later and witnessed the steam phase of the geyser eruption. Before it erupted for the first of the recent three times on March 15, Steamboat had not erupted since September of 2014.

SAINSBURY'S and Asda parent firm Walmart have sent shockwaves through the grocery industry with a proposed merger that could create the largest supermarket business in the UK.

Sainsbury's is valued at around £5.9 billion.

The surprise decision by the CMA to unconditionally clear the Tesco/Booker deal has encouraged Sainsbury's and Asda to believe they could get a viable transaction through and Coupe wants the CMA to fast track to a "phase 2" examination so that the deal can be completed in the second half of 2019.

Asda achieves almost two-thirds of its sales outside London and the south east of England in contrast to Sainsbury's, which registers 59% of its sales in those two areas.

Warriors' Stephen Curry questionable for Game 1
There were bright spots for the Pels, but none bright enough to avoid being eclipsed by the sheer force of the Warriors attack. Kevon Looney stepped into the rotation for Jordan Bell and contributed eight points and three boards in 23 minutes.

The deal with Sainsbury's is "consistent with our strategy of looking for new ways to drive worldwide growth", Judith McKenna, CEO of Walmart's global business, said in a statement. There is, however, quite a big overlap in Northern Ireland.

Walmart's worldwide business, which accounts for about 24 percent of its total sales and rang up $118.07 billion in sales for its latest fiscal year, has seen slower sales growth.

The Qatar Investment Authority, now the largest shareholder in Sainsbury's with a 22% stake, said it supported the deal.

Sabres win NHL Draft Lottery to secure first overall pick
The 18-year-old Swede's mobility and all-around game have earned him comparisons to Detroit Red Wings legend Nicklas Lidstrom . Carolina got very lucky in the draft lottery, landing the No. 2 overall pick despite the slim chances to do so.

Related news:

Hot News

isis-killer-beheading-video-story-top Capitals even series at 1 after 4-1 win in Game Two
May 02, 2018 - 00:39
Malkin did not suffer a setback, according to the coach, who said that it's "part of the process". After 20 minutes, the Capitals found themselves in a familiar, uneasy position.

isis-killer-beheading-video-story-top Gerrard stages further talks with Rangers
May 02, 2018 - 00:35
He has said that he spoke to him over the weekend, and his former teammate was happy with how the discussions with Rangers went. Brendan Rodgers' team are vastly superior to Rangers and are on a much stronger financial footing.

isis-killer-beheading-video-story-top 2 deer in OR survive arrows shot into their head, neck
May 02, 2018 - 00:33
However, in this instance, the animals were shot with arrows not approved for hunting, Oregon State Police Sgt. Kaito Raiser told the New York Post . "Those are not areas of the animal that are commonly targeted".

isis-killer-beheading-video-story-top Nelson Roberts Investment Advisors LLC Has $3.71 Million Holdings in Apple (AAPL)
May 02, 2018 - 00:33
The company was maintained on Wednesday, October 28 by Macquarie Research. (NASDAQ:AAPL) on Monday, November 27 with "Buy" rating. On Monday, March 5 Bank of America maintained the shares of AAPL in report with "Buy" rating. (NASDAQ:AAPL) or 122,740 shares.

isis-killer-beheading-video-story-top A Surprising Team Reportedly Tried To Trade Up For Baker Mayfield
May 02, 2018 - 00:32
So it is not a complete surprise that this past 2017 Heisman Trophy victor is the most astounding college player for football. We're throwing out the 11 p.m. news and going all-in on the draft with Lauren Brill, Jon Doss and Derek Forrest.

isis-killer-beheading-video-story-top JEE Main Result 2018: CBSE to declare result at 11am
May 01, 2018 - 03:10
The candidates who clear the JEE Main 2018 will be considered qualified for appearing in JEE Advanced 2018 exam . After clicking submit they can acquire their JEE Main Result 2018 and can download the scorecard in PDF format.

isis-killer-beheading-video-story-top Trump Trade War - US likely to extend steel and aluminum tariff exemptions
May 01, 2018 - 03:09
Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was "cautiously optimistic" about the meeting. U.S. and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, U.S.

isis-killer-beheading-video-story-top Indian PM: All villages in country have access to electricity
May 01, 2018 - 03:09
By that time, almost 97 per cent of India's 597,464 villages were already hooked up to the grid, according to government data. When the Modi government announced its new rural electrification scheme, only 18,452 villages did not have power supply.

isis-killer-beheading-video-story-top Pakistan condemns twin terrorist attacks in Kabul
May 01, 2018 - 03:07
The Shashdarak district houses the defence ministry, intelligence service, and a North Atlantic Treaty Organisation compound. It was the deadliest day for the country's media since a US-led campaign ousted the hardline Islamic Taliban regime in 2001.

isis-killer-beheading-video-story-top Australia Investing $350M to Save Great Barrier Reef
May 01, 2018 - 03:02
It found that 29% of the 3,863 reefs that make up the Great Barrier Reef lost two-thirds or more of their corals. Federal Environment Minister Josh Frydenberg insists the government is trying to turn that around.

isis-killer-beheading-video-story-top UK's new interior minister Javid opposes 'hostile environment' approach to immigration
May 01, 2018 - 03:01
Promoted from communities secretary, Javid's first task will be to take some of the political heat out of the Windrush scandal. Rudd was the fourth high-ranking minister to resign from Prime Minister May's Conservative government in the past six months.

isis-killer-beheading-video-story-top Golden State Killer: 'You helped catch him,' comedian tells late wife
Apr 30, 2018 - 03:20
In October, attacks that McNamara looked at began in Orange County and continued for two more years. Before assaulting her, he moved her son from her side, but she doesn't know where.

isis-killer-beheading-video-story-top New Embassy District In Jerusalem Could Be Called 'Trump Town'
Apr 30, 2018 - 02:26
Trump said he had nearly signed off on a proposal to build a new $1 billion embassy but baulked when he considered the cost. Paraguay joins the United States, Honduras and Guatemala in committing to the move.

isis-killer-beheading-video-story-top Xi Jinping wants screening of more Bollywood movies in China
Apr 30, 2018 - 01:25
The "heart-to-heart" summit is being seen as an effort by India and China to rebuild trust and improve ties that were hit by the 73-day-long Doklam stand-off.

isis-killer-beheading-video-story-top How Analysts Feel About Aggreko Plc (LON:AGK)?
Apr 30, 2018 - 00:52
The firm offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds.10.83 is the P/E ratio. Elekta AB develops and sells clinical solutions for the treatment of cancer and brain disorders worldwide.