A UK 'Big Two' Is Not Good For Shoppers In The Long Run: Analyst
Leading UK stockbroking firm Shore Capital has suggested that the creation of a 'Big Two' in the UK market, with Tesco on one side and a combined Sainsbury's and Asda on the other, would not necessarily be of long-term benefit for shoppers.
Commenting on Asda's first quarter results, which it described as 'encouraging', Shore Capital speculated on the role the Competition and Markets Authority (CMA) must now play, to determine whether the Walmart-owned retailer's merger with Asda will go ahead, and in what manner.
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