The U.K. is enduring Blue Monday, the most depressing day of the year, as the weather worsens and Britons get back into the daily grind.» Read More
The founder of airline EasyJet, has expanded his horizons to open a discount food store, where U.K. customers can buy food products for super cheap.
Markets finished sharply lower Thursday, as corporate earnings weighed on sentiment and investors struggled to find solace in the oil price pick up.
European equities gained on Tuesday, despite continued wariness surrounding low oil prices and China's economic slowdown.
Only one of the U.K's biggest retailers gained market share in the ultra-competitive Christmas period, according to the latest industry figures.
European stocks finished in negative territory on Friday, in what has been a turbulent week for markets.
European markets finished higher on Tuesday, as global sentiment regained some ground after steep falls in the previous session.
European stocks attempted to make gains on Tuesday, but closed mixed as the volatility in oil prices kept investors on edge.
European equities finished sharply higher on Tuesday, as investors cheered a recovery in oil prices and positive data from the autos sector.
The world's biggest security company, G4S, has been ejected from the FTSE 100 along with supermarket group Wm Morrisons.
NEW YORK, Nov 25- Tesco Plc has agreed to pay $12 million to settle a U.S. shareholder lawsuit claiming that accounting irregularities inflated the share price of Britain's largest retailer. The all-cash settlement was disclosed in filings on Wednesday in the U.S. District Court in Manhattan, and requires court approval. Wednesday's settlement covers...
Online retailer Amazon has stepped up the pressure on Britain's traditional supermarkets with the nationwide launch on Friday of a packaged groceries offer.
European equities finished higher, despite a speech by the European Central Bank disappointing market watchers.
Social media has flourished to the point where it can trigger businesses to change their policies. CNBC takes a look.
The retailer started sounding the blue sirens used to flag the surprise, 15- minute long deals to shoppers at its 942 stores on Friday, and will kick-off a marketing campaign to highlight the move with a TV ad on "Sunday Night Football" on NBC. "It's part of our DNA," said Kmart President Alasdair James, a former executive at British retailer Tesco PLC who joined the...
Oct 30- Fresh& Easy filed its second bankruptcy in two years on Friday after billionaire Ron Burkle was unable to turn around the West Coast grocery chain, which is in the process of closing down. British grocer Tesco Plc launched Fresh& Easy in 2006 with many industry analysts expecting the deep-pocketed company to challenge the dominance of Wal-Mart Stores Inc.
SHANGHAI, Oct 16- A rare glimpse at figures for a number of Wal-Mart Stores Inc's China outlets shows sales slid 6 percent last year, casting a shadow over the firm's target for China to account for a quarter of its global retail growth over the next five years. The U.S. retail giant doesn't break out its China store sales, but a local joint venture partner submitted...
HONG KONG, Oct 14- Some hedging products that were used only sparsely for years are making a comeback now, driven by a surge in cross-border mergers and acquisitions to a record at a time of heightened currency volatility, bankers say. The deal frenzy, sparked by cheap financing and plentiful cash at companies, comes during unsettled times for global financial...
SHANGHAI, Oct 9- A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday. Wal-Mart, France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years in China, losing market share to local rivals,...
European stocks pared gains to close flat on Wednesday, with auto stocks and miners outperforming after some recovery in oil prices.
European stocks closed mixed to lower on Thursday, as start-of-quarter enthusiasm petered out among investors and telecom stocks weighed on investor sentiment.