Sainsbury's profit rise driven by Argos cost savings

LONDON (Reuters) - Sainsbury's , Britain's No. 2 supermarket group, beat forecasts with a 20 percent increase in first-half profit on Thursday, as it delivered cost savings from its Argos general merchandise chain ahead of schedule. The group, which is seeking regulatory approval to take over No. 3 player Asda , also said the outlook for British consumers was uncertain heading into the key Christmas season."The grocery, general merchandise and clothing markets continue to be highly..