Sainsbury’s is leading today’s FTSE 100 biggest losses, as it falls back from yesterday’s surge on speculation that private equity group Apollo was considering a takeover offer.
After closing more than 15% higher yesterday (23 August), shares in the supermarket retailer retreated by nearly 4.9% to 323.5p. An official bid has not yet emerged.
SEGRO was also among the day’s FTSE 100’s fallers, down 1.2% at 1,483p.
On the other end of the scale, Premier Inn owner Whitbread posted the biggest increase in the index, rising by 4.5% at 3,183p.
The FTSE 100 inched up 0.2% higher at 7,125. The FTSE 250 was up 0.6% at 23,886.
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