Sainsbury's Argos Takeover Faces Inquiry

The competition regulator has launched an inquiry into Sainsbury's planned takeover of Argos - in a move that could potentially jeopardise the £1.4bn deal. The Competition and Markets Authority (CMA) said it had informed Home Retail Group - the company behind Argos - and the supermarket chain of its decision in a notice on Friday. The watchdog said it must decide by 25 July whether the case then warrants a full probe - a move that would likely delay Sainsbury's timetable for the deal's exp