European shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.» Read More
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.
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.