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Tesco PLC

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  • SINGAPORE/ HONG KONG, June 30- The volume of Asia ex- Japan mergers and acquisitions surged to a record $640 billion in the first half, preliminary data released by Thomson Reuters showed, driven by the deal-making spree of Hong Kong tycoon Li Ka- shing. "M&A volumes have increased substantially for Asia ex- Japan, driven primary by restructuring in Greater China," said...

  • June 18- Internet search giant Google Inc and private equity fund Permira are in talks to make a joint bid for British retailer Tesco Plc's customer data business, a source familiar with the matter said. Tesco appointed Goldman Sachs to explore strategic options for Dunnhumby after announcing a plan to slash costs and sell assets in January.

  • European stocks close higher on Greece hopes Wednesday, 10 Jun 2015 | 11:30 AM ET
    Greece debt Euro

    European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.

  • Sainsbury's sales fall for sixth straight quarter Wednesday, 10 Jun 2015 | 2:15 AM ET

    Supermarket group says sales at stores open over a year fell 2.1 percent in the 12 weeks to June 6.

  • HONG KONG/ SEOUL, June 9- British retailer Tesco Plc has invited at least six firms including KKR& Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters. If sold to private equity for $6 billion- which the sources say represents the equity value of Homeplus- the sale would be Asia's...

  • HONG KONG, June 9- British retailer Tesco Plc has invited about six firms including KKR& Co and Carlyle Group to bid for its South Korean unit, valued at about $6 billion, people familiar with the matter told Reuters. Tesco and its advisor HSBC sent out an information package with the unit's financial details last week, asking the firms to submit indicative bids...

  • SEOUL, June 9- Hyundai Department Store Co Ltd is considering bidding for Tesco Plc's South Korean unit, but nothing has been decided, a Hyundai spokesman said on Tuesday. Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters last week.

  • Europe ekes out gains to close higher after PMIs Thursday, 21 May 2015 | 11:31 AM ET

    European equities finished higher on Thursday as investors digested fresh data from the euro zone.

  • Europe ends mixed as investors digest earnings Wednesday, 22 Apr 2015 | 12:23 PM ET

    European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.

  • Struggling Tesco posts pre-tax loss of $9.5B Wednesday, 22 Apr 2015 | 2:05 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Struggling U.K. supermarket Tesco reported a full-year pre-tax loss of £6.38 billion ($9.5 billion) on Wednesday, as the retailer grapples with what it called "tough trading conditions."

  • 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....

  • Morrisons year profit more than halves Thursday, 12 Mar 2015 | 3:25 AM ET

    Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by a strategic decision to slash prices.

  • 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.