Tesco PLC


  • German retailer Metro to step up expansion in India Monday, 5 May 2014 | 7:00 AM ET

    *Uncertainty over India stance on foreign retailers. DUESSELDORF, May 5- German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country by 2020, up from 16 now, as part of a broader strategy for growth in emerging markets.

  • UK's Morrisons cuts more prices to combat discounters Thursday, 1 May 2014 | 3:55 AM ET

    Wm Morrison Supermarkets, Britain's fourth largest grocer, has unveiled a second round of price cuts.

  • UK's Primark plans US push, starting with Filene's Wednesday, 23 Apr 2014 | 10:23 AM ET

    The onward march of discount U.K. retailer Primark will continue with its first U.S. store, in the Boston building previously occupied by Filene’s.

  • European shares close higher on upbeat China data Wednesday, 16 Apr 2014 | 12:02 PM ET

    European shares closed higher on Wednesday, as better-than-expected Chinese growth data and a slew of earnings releases buoyed sentiment.

  • Tesco sees tough trading environment ahead Wednesday, 16 Apr 2014 | 3:58 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    British supermarket giant Tesco reported a dip in group sales compared to last year, highlighting the challenges it faces in the U.K. and Europe.

  • *Less money for safety work demanded after Rana Plaza. DHAKA, April 14- Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster.

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • India elections: Business winners and losers Wednesday, 9 Apr 2014 | 6:17 PM ET
    BJP prime ministerial candidate Narendra Modi addressing an election rally on April 3, 2014 in Ghaziabad, India.

    It will be weeks before results are in for India's national elections, but investors have already picked their favorite.

  • MUMBAI, April 7- The political party expected to lead India's next government confirmed on Monday it would ban foreign supermarkets from the $500 billion retail sector, a move that would deal a fresh setback to global chains such as Wal-Mart and Carrefour.

  • M&S eyes overseas growth as home sales wilt Wednesday, 2 Apr 2014 | 3:20 AM ET

    British clothing retailer Marks & Spencer, hit at home by dwindling sales, plans to expand its international stores by more than a half.

  • UK ‘Shareholder Spring’ weighs on top pay Tuesday, 1 Apr 2014 | 12:00 AM ET

    The "Shareholder Spring" continues to weigh on U.K. companies, with CEO bonuses falling for a third consecutive year in 2013, according to a PwC report published on Tuesday, as investors keep a watchful eye on corporate excess.

  • Sainsbury's ends 9-year run of sales growth Tuesday, 18 Mar 2014 | 3:55 AM ET

    U.K. supermarket chain Sainsbury's reported a drop in sales in the final quarter of 2013, ending the group's nine straight years of positive sales.

  • UK supermarkets caught in dangerous middle ground Thursday, 13 Mar 2014 | 8:36 AM ET

    The full extent of the problems facing the U.K.'s "big four" supermarket chains was underlined on Thursday, with a profit warning by WM Morrison.

  • UK grocer Morrisons slashes profit expectations Thursday, 13 Mar 2014 | 2:57 AM ET

    Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.

  • Now UK supermarket falls victim to hacking attack Friday, 14 Feb 2014 | 5:30 AM ET

    Over 2,000 customers of Tesco - the U.K.'s biggest supermarket - have had their personal details posted online after a data breach at the company.

  • Sainsbury's shares fall as King abdicates Wednesday, 29 Jan 2014 | 4:08 AM ET
    Justin King

    Shares in Sainsbury's dropped on Wednesday, as the U.K. supermarket chain announced that its CEO Justin King has decided to step down after 10 years at the company.

  • Rigor and risk in India central bank reform push Wednesday, 22 Jan 2014 | 7:00 PM ET

    India's monetary policy aims to tackle the inflation that pushes up credit costs and stifles investment, but these changes come with risks.

  • Europe shares close lower; Deutsche Bank drops Monday, 20 Jan 2014 | 12:39 PM ET

    European equities closed lower on Monday after data showed that growth in China continued to slow.

  • Surprise! British retail sales surge in December Friday, 17 Jan 2014 | 5:16 AM ET
    Christmas shoppers fill the pavements of Oxford Street

    British retail sales came in way above expectations in December, official data showed, posting the largest annual rise since 2004.