UK blocks Sainsbury’s-Asda supermarket merger LONDON: A mega-merger of British supermarkets Asda and Sainsbury’s collapsed on Thursday after regulators blocked the deal on the grounds it would spark higher prices and damage competition. The Competition and Markets Authority (CMA), revealing its verdict in a final report, prompted Walmart-owned Asda and London-listed Sainsbury’s to scrap the proposed deal. “The CMA has […]