Sainsbury’s and Asda commit to GBP1 bn of post-merger price cuts

19 March 2019 (Updated: 11:18 GMT)
Sainsbury's and Asda have pledged to invest GBP1 billion into prices and establish a profit cap on fuel if their merger is greenlighted. In a joint statement, the retailers said their union would permit GBP1.6 billion in cost savings that would be passed back to consumers in the form of price reductions...