Qatar bidder picks ex-Asda man for Sainsbury -papers

(Reuters) - Campbell, 57, spent around 20 years at Asda , most
recently in the role of deputy chief executive until 2001.




The Sunday Times also said Delta Two would try to retain
Sainsbury's current chief executive, Justin King.


Read more at Reuters.com Mergers News

Tchenguiz raises Sainsbury stake to 10 pct -source

(Reuters) - The source, who requested anonymity, would only say that Tchenguiz continued to see value in the company, which fought off a private equity takeover attempt earlier this year.



Sainsbury and a spokesman for Tchenguiz declined to comment.


Read more at Reuters.com Mergers News

GLOBAL MARKETS-Stocks, bond yields rise; yen weak after BOJ

(Reuters) - LONDON, June 15 - Global stocks rose on Friday,
absorbing further gains in U.S. and euro zone government bond
yields ahead of U.S. inflation data, while the yen sank after
the Bank of Japan left interest rates on hold.




Energy stocks outperformed after oil spiked above $71 a
barrel overnight and merger and acquisition speculation buoyed
British retailers after a Qatari investment fund increased its
stake in J. Sainsbury , sending its shares up 5 percent.


Read more at Reuters.com Bonds News

U.K. Stocks Including GlaxoSmithKline Shares Drop; Xstrata Advances

(Bloomberg) -- U.K. stocks including GlaxoSmithKline
Plc and AstraZeneca Plc declined. Xstrata Plc advanced on a
positive broker report. J Sainsbury Plc gained on renewed
takeover speculation.

The benchmark FTSE 100 Index added 9, or 0.1 percent, to
6529.40 at 12:47 p.m. in London, as 44 stocks fell and 56
climbed. The FTSE All-Share Index slipped 0.1 percent. Ireland's
ISEQ Index lost 0.8 percent to 9326.46.


Read more at Bloomberg Stocks News