European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.» Read More
*HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.
LONDON, March 12- The daunting task facing the new boss of Morrisons was illustrated on Thursday when Britain's fourth biggest supermarket reported its lowest annual profit in eight years and warned investors it would cut its dividend. David Potts, a former executive of market leader Tesco, starts as Morrisons CEO on Monday. "Whilst our broad strategy of saving...
The former group treasurer and head of tax at WM Morrison Supermarkets has been sentenced to 12 months in jail for insider trading.
LONDON, March 3- The former group treasurer and head of tax at British high street retailer WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court. The Financial Conduct Authority said on Tuesday Paul Coyle had pleaded guilty to two counts of using confidential, price-sensitive information to trade in...
LONDON, March 3- The former group treasurer and head of tax at WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court. The Financial Conduct Authority said on Tuesday that Paul Coyle, pleaded guilty to two counts of using confidential, price-sensitive market information to trade in shares of proposed joint...
European equities closed sharply higher on Tuesday, with a surge in retail stocks helping to boost investor sentiment.
An escalating price war between the U.K.'s largest supermarkets means that the price of milk is now cheaper than bottled water, research shows.
Morrisons said its chief executive would step down after the firm posted the worst Christmas performance of Britain's listed supermarkets.
European stocks surged to close almost 3 percent higher after ECB chief Draghi reiterated the central bank was ready to start "full-blown" QE.
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.