MARKET TALK: Sainsbury CEO Share Sale Dampens Qatari Rumours

9th Jul 2010 08:37

0737 GMT [Dow Jones] Sainsbury (SBRY.LN) Chief Executive Justin King's share sale Thursday dampened speculation that the Qataris are preparing a 500p a share bid for the grocer, Arden Partners analyst Nick Bubb says. "There never really seemed too much justification in the first place for the view that the Qataris would want to throw good money after bad," he says. The Qatar Investment Authority is a 26% shareholder in the supermarket group. Shares -0.6% at 339p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 09, 2010 03:37 ET (07:37 GMT)