Sainsbury confirms plans to sell Bank business to Lloyds
Supermarket giant Sainsbury has said it notes the recent press speculation and has confirmed that it is in 'advanced negotiations' with Lloyds Banking Group to take full ownership of Sainsbury's Bank.
Supermarket giant Sainsbury has said it notes the recent press speculation and has confirmed that it is in 'advanced negotiations' with Lloyds Banking Group to take full ownership of Sainsbury's Bank.
It added that it will make a further announcement in "due course".
NR
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published