British supermarket group Sainsbury's lamented the blocking of its takeover of Walmart-owned Asda, as it reported a slight decline in underlying sales for the first quarter.
The merger of the two rival chains wasin April, and Sainsbury's Chief Financial Officer Kevin O'Byrne told CNBC Wednesday that the group was "disappointed" with the outcome.
Sainsbury's fourth quarter to March 9 like-for-like sales fell 0.9%, having fallen 1.1% over the Christmas period. They declined by 0.2% over the full 2018-19 year.
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