The FT reports Sainsbury’s planning a public commitment to cut prices for “everyday items” by at least 10% after its proposed merger with ASDA, in its latest appeal to UK regulator the CMA.

Evraz announces sale of 25.4m shares, equating to a 1.8% stake (£160m), by shareholders including owner Abramovich, non-exec Chairman Abramov, CEO Frolov and a non-exec Director.

Standard Life Aberdeen reports successful outcome to Lloyds arbitration; Lloyds not entitled to end agreement; SLA to continue managing £100bn assets in meantime. SLA considering next steps.

Wood Group Chairman resigns (exceeded term limit). FY revenues +11.7%, adj. EBITDA +5.4% (both pro-forma); op. profit +68%, back to pre-tax profit; net debt -5.9%, final div +2%; £10bn order book; trading in-line; sees 2019 revenues +5%, deleveraging to be more gradual.

Ocado Q1 retail revenue +11.2% YoY, avg. orders +11.3%, order size -0.2%, cash -8% QoQ. Fire at Andover hit revenues by 1.2%, company still assessing impact on FY guidance. Growing Erith capacity faster to make up for Andover shortfall.

Antofagasta FY group revenue -0.3% (in-line with est.) after average copper price -6.3% offset by higher copper production , EBITDA -13.9%, op. cash flow -24.8%, net debt +30.7%. Cuts final div. -8.8% (FY: -13.9%). FY’19 production, cash costs (-1%) and capex (+37%)  targets unchanged. Sees $100m in FY’19 cost savings (-45% from 2018).

Ferrexpo delays FY results after independent review on charitable donations finds more discrepancies suggesting funds may not have been used for stated purpose.

ASOS Q2 retail sales at +13% (+11% at constant FX), missing +15% estimate. UK +14%, EU +12%, US +4%, RoW +20%. Active customers +16%, but average selling price & basket size -1%. FY sales, margin and capex targets unchanged. Sees FY net debt c. £50m.

(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)