Tesco PLC


  • 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...

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

    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).

  • There's no Christmas joy for these supermarkets Monday, 5 Jan 2015 | 10:14 AM ET
    People look for milk products at a Whole Foods supermarket in Washington.

    Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.

  • UK watchdog to probe PwC over Tesco accounting Monday, 22 Dec 2014 | 5:29 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Britain's accounting watchdog said on Monday it had launched an inquiry into PwC over its auditing of Tesco's accounts.

  • UK retail sales rocket but where are all the stores? Friday, 19 Dec 2014 | 8:11 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Retail sales growth in the U.K. accelerated at its fastest pace in almost 26 years – just as the industry is preparing itself for major downsizing.

  • European indexes close down 2%; Greek stocks crash Tuesday, 9 Dec 2014 | 4:30 PM ET

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

  • Tesco warns on profit...again Tuesday, 9 Dec 2014 | 8:52 AM ET

    Shares in embattled Tesco fall 15 percent after the supermarket warned that its full-year profit for this year would not exceed £1.4 billion.

  • Europe closes flat after US GDP beats expectations Tuesday, 25 Nov 2014 | 12:04 PM ET

    European shares closed flat on Tuesday as investors digested revised third quarter GDP data from the U.S.

  • LONDON, Nov 25- A London law firm is rallying Tesco Plc shareholders to join a lawsuit and seek compensation for losses after Britain's largest retailer discovered a hole in its profits, suspended eight senior employees and sparked a series of investigations. Stewarts Law, one of the litigators behind a 4 billion pound investor case against Royal Bank of...

  • Germany's Aldi eyes China for expansion: Report Friday, 21 Nov 2014 | 2:14 AM ET

    German discount grocery chain Aldi is considering entering China as it seeks growth outside its traditional markets, according to a German magazine.

  • UK supermarket sales fall for first time on record Tuesday, 18 Nov 2014 | 9:42 AM ET

    The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.