Sainsbury clarifies supermarket ownership

Lord Sainsbury of Turville on Monday took back ownership of 7.72 per cent shareholding of J Sainsbury, the retail chain founded by his great grandparents in 1869, after his shares were released from a blind trust.

The release of the shareholding, which has been held in a blind trust for the past eight years while Lord Sainsbury was science minister, comes at a pivotal time for Britain’s third-largest supermarket chain.