11 Oct 2024 | 07:06
Sainsbury's slumps as Qatar Investment Authority places 109m shares
(Sharecast News) - Sainsbury's slumped on Friday after its biggest shareholder, Qatar Investment Authority, placed 109m shares in the supermarket chain.
The shares were placed via Goldman Sachs at 280p each, which is a discount of around 2.8% to the closing share price on Thursday.
At 0812 BST, the shares were down 5.2% at 273p.