Responding to press speculation, J Sainsbury plc (SBRY.L) confirmed that it is in advanced negotiations with Lloyds Banking Group (LLOY.L,LYG) to take full ownership of Sainsbury's Bank.
J Sainsbury noted that further announcement will be made in due course.
Sainsbury's Bank is a joint venture between J Sainsbury and Lloyds Banking, with headquarters located at Haston House, South Gyle, Edinburgh. Sainsbury's Bank was granted a full banking licence by The Bank of England in January 1997.
Earlier, there were reports that the supermarket chain is planning to buy the remaining 50 percent stake in the venture. J Sainsbury is slated to report its preliminary results on May 8, 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.