CONSOLIDATION IS EXPECTED FOR SMALLER CHAINS IN U.K.

LONDON -- The U.K. market is entering a period of consolidation among some of its smaller players, who are increasingly being squeezed by the strength of Tesco, J. Sainsbury and Asda.The first changes came as the retailers Kwik Save, Prestatyn, England, and Somerfield, Bristol, England, agreed in February to a $1.99 billion (1.2 billion pound) merger to create a business with sales of more than $10

LONDON -- The U.K. market is entering a period of consolidation among some of its smaller players, who are increasingly being squeezed by the strength of Tesco, J. Sainsbury and Asda.

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