Sainsbury’s results, released this morning, show that the company burned through £46m in costs on the Asda deal before competition regulators torpedoed it last week.
Like-for-like sales fell 0.2% last year, while profits shrank from £309 to £219m.Perversely, Sainsbury's share price has risen by over 4.5% this morning.
I will never understand the stock market ...
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