Argos sales drop damps festive cheer at Sainsbury’s
Supermarket group’s shares fall sharply as poor performance at Argos offsets strong Christmas grocery sales
Supermarket group’s shares fall sharply as poor performance at Argos offsets strong Christmas grocery sales

UK supermarket chain says revised terms would not serve shareholders or staff

Supermarket says sale of the general merchandise retailer will accelerate its ‘transformation’

Both retailers extend share of competitive UK grocery market over festive period

Sainsbury’s, Morrisons and Iceland are seeking to stop discounters preventing them opening stores nearby

Private equity group has relied on Dutch retailer to power its returns in recent years

Buyers stayed away during the crucial annual buying period amid pessimism over geopolitical tensions and the global economy