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Tesco PLC

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  • MOSCOW, March 26- Tesco Plc's F&F clothing brand will open its first outlets in Russia in the capital Moscow in June, a local partner of retailing businesses said on Thursday. Debruss, which is the Russian franchise operator for British department store group Debenhams Plc, said it would open two F&F outlets in June, followed by one more in August, in Moscow shopping...

  • SHANGHAI/ SEATTLE, March 19- Starbucks Corp will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S....

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • Feb 26- Splunk Inc forecast full-year revenue above analysts' expectations as businesses increasingly turn to data analytics to secure their networks from a surge in highly sophisticated cyber attacks. "Cybersecurity has been a huge tailwind for Splunk, and that's really put a lot of fuel in their growth engine," FBR Capital Markets analyst Daniel Ives told...

  • Target beats earnings forecast, sees growth ahead Wednesday, 25 Feb 2015 | 8:01 AM ET
    A customer pushes a shopping cart laden with merchandise at a Target Corp. store opening ahead of Black Friday in Chicago, Illinois.

    Target also forecast modest earnings growth for this quarter.

  • Tesco names former Exel CEO John Allan as chairman Wednesday, 18 Feb 2015 | 2:01 AM ET

    Tesco has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down.

  • Tesco set for thousands more job cuts Monday, 16 Feb 2015 | 2:45 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    The new boss of Tesco is set to slash thousands more jobs in a bid to turn around the fortunes of the U.K.'s largest supermarket chain.

  • German discounters take UK supermarkets by storm Friday, 13 Feb 2015 | 10:11 AM ET
    Discount and half-price signs sit above goods displayed for sale on the end of aisles inside a Tesco Extra Supermarket

    UK shoppers have turned their backs on traditional U.K. supermarket chains in favor of discount German retailers.

  • Sex sells: 50 shades of green Tuesday, 10 Feb 2015 | 1:52 PM ET
    50 Shades of Grey merchandise

    This is the first time such a racy movie has inspired branded merchandise, from the NC-17 variety to the PG.

  • Tesco investigated over late payment to suppliers Thursday, 5 Feb 2015 | 1:42 AM ET

    A watchdog has launched an investigation into the way Tesco deals with suppliers, further highlighting the struggles faced by the retailer.

  • Feb 3- U.S. retailer Target Corp on Tuesday named Mike McNamara, a former executive at British retailer Tesco PLC, its new chief information officer. The move comes as Target looks to boost online sales and bolster data security in the wake of a massive hacking attack that hurt its sales during the 2013 holiday shopping season. McNamara, who worked at Tesco for more...

  • Europe closes largely higher; ECB meeting eyed Monday, 19 Jan 2015 | 10:57 AM ET

    European equities closed largely higher on Monday, as investors look ahead to Thursday's European Central Bank meeting.

  • Europe ends sharply lower after oil, copper turmoil Wednesday, 14 Jan 2015 | 11:30 AM ET

    European equities closed sharply lower on Wednesday as the turmoil in global commodity markets continued.

  • Milk is now cheaper than water in the UK Tuesday, 13 Jan 2015 | 6:00 AM ET

    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 CEO to leave after Christmas sales fall Tuesday, 13 Jan 2015 | 2:29 AM ET
    Dalton Philips

    Morrisons said its chief executive would step down after the firm posted the worst Christmas performance of Britain's listed supermarkets.

  • Europe accelerates to close sharply higher on Draghi Thursday, 8 Jan 2015 | 11:30 AM ET

    European stocks surged to close almost 3 percent higher after ECB chief Draghi reiterated the central bank was ready to start "full-blown" QE.

  • Tesco shares surge despite Christmas sales fall Thursday, 8 Jan 2015 | 3:01 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Embattled Tesco reported that sales fell over the Christmas period and announced that it would not be paying a final dividend this year.

  • Europe shares rally on hopes of further ECB action Wednesday, 7 Jan 2015 | 4:30 PM ET

    Europe shares ended higher on Wednesday with investors anticipating more stimulus by the European Central Bank (ECB).