New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.» Read More
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.
British grocer J Sainsbury posted a 5.3 percent rise in annual profit, its slowest growth in nearly a decade.
Wm Morrison Supermarkets, Britain's fourth largest grocer, has unveiled a second round of price cuts.
U.K. supermarket chain Sainsbury's reported a drop in sales in the final quarter of 2013, ending the group's nine straight years of positive sales.
Wm Morrison, Britain's No. 4 grocer, suffered a major theft of data from its staff payroll system.
The full extent of the problems facing the U.K.'s "big four" supermarket chains was underlined on Thursday, with a profit warning by WM Morrison.
Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.
Jason Gissing, one of the ex-Goldman Sachs bankers who founded Ocado, is leaving the company as it prepares to spar with the biggest U.K. retailers.
Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.
British retailers suffered a sales drop over the festive period, the latest in a long line of disappointing results for the sector.
European equities closed lower on Tuesday as investors looked ahead to the U.S. Federal Reserve's last policy meeting of the year.
European shares closed down on Wednesday, as the U.S. government shutdown continued and jobs data came in weak.