European equities closed sharply higher on Tuesday, with a surge in retail stocks helping to boost investor sentiment.» Read More
Europe shares ended higher on Wednesday with investors anticipating more stimulus by the European Central Bank (ECB).
Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.
European shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
Supermarket chain Sainsbury's reported half-year underlying pre-tax profit fell 6.3 percent to £375 million ($596.8 million).
European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.
Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales.
New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.
U.K. supermarket chain J Sainsbury saw sales slip in its second quarter, with shoppers making more frequent visits but spending less on each trip.
Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of a major accounting scandal.
European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.
European shares closed lower on Thursday on concerns regarding U.S. military action and an independence vote in Scotland.
Britain's fourth-largest grocer WM Morrison saw its underlying pre-tax profit for the first six months of this year plunge 51 percent.
European closed mostly flat on Friday after the U.K. raised the odds of a terrorist attack on its soil to "severe" from "substantial"
Price wars among the U.K.'s biggest supermarkets have driven down the cost of food, pushing the growth of the grocery market to a 10-year record low.
Falling food prices pushed U.K. inflation down once again in May as price growth remains well below the Bank of England's target.
U.K. supermarket chain Tesco on Wednesday reported a sharp fall in first-quarter sales, hurt by price cuts and subdued consumer spending.
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
Britain's No.4 grocer Morrisons sales continue to slide, hurt by price cuts and its relative lack of exposure to online and convenience markets.
European markets closed mixed on Wednesday on reports that Russian President Vladimir Putin was willing to discuss the Ukraine crisis.