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We are not about to stage any coup, says Sainsbury’s

J Sainsbury has played down talk that it has launched a formal hunt for a new chief executive to replace Mike Coupe as three insiders jumped to the top of the list of possible candidates.
The future of Mr Coupe, 58, who has run the groceries group since 2014, has come under a cloud since an audacious proposed merger with Asda was blocked by the Competition and Markets Authority in April.

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