Royal Courts of Justice - Day 1

Will be interested to hear from Severncider re. the mood in the courtroom, body language, dirty looks from the Lady Judge etc.

Sainsbury putting 11 men behind the ball. Higgs & Co struggling to open them up.

Just spoke with our roving reporter.

Sainsburys decision to call it off hinged on them getting a 12% return on their £30m investment.

When they realised it would only be 7% return they had three choices.

Walk away and endure the bad publicity.

Build a smaller store and additional housing (which would achieve the 12% return)

Sell to a competitor.

They chose the first option.

Rovers asked for confidential documentation of internal Sainsburys meetings to be disclosed to the court but the judge refused the application.

Sainsburys insist that the contract date expired and they could walk away. However, apparently it is not so cut and dried as that, as apparently these contracts have a further time delay incorporated implicitly in them.

With regard to the lawyers on this list, the judge admitted to the court that she has still not fully read the papers as she only picked them up a couple of days ago.

In attendance are NH and Toni Watola. No Eddie Ware or his good lady.

Severncider has just completed an interview with Points West.

Court resumes at 2pm.

Great, so they choose the worse option for us out of the 3! Although until the supermarket wars settle down how can they calculate returns will drop from 12% to 7%??

Great, so they choose the worse option for us out of the 3! Although until the supermarket wars settle down how can they calculate returns will drop from 12% to 7%??