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Tesco PLC

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  • 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.

  • Indian retailers hobble as e-commerce race ahead Monday, 17 Nov 2014 | 5:58 PM ET

    Indian retailers are struggling to keep up online as e-commerce garner large investments.

  • MUMBAI, Nov 18- The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online. Private investors have poured $2.3 billion into India's e-commerce companies so far this year, according to consulting firm Technopak,...

  • *SFO asked for extra 26.5 mln stg in October. LONDON, Nov 14- Britain's anti-fraud agency will get any extra funds it needs to pursue a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market, a finance ministry source said on Friday. These also include an inquiry into Barclays Plc's 8 billion pound money-raising in 2008 and an...

  • Sainsbury's to cut spending to lure shrewd shoppers Wednesday, 12 Nov 2014 | 2:57 AM ET

    Supermarket chain Sainsbury's reported half-year underlying pre-tax profit fell 6.3 percent to £375 million ($596.8 million).

  • Europe ends in the green; Vodafone up 5.3% Tuesday, 11 Nov 2014 | 11:39 AM ET

    European stocks ended the day in the green on Tuesday afternoon, after fluctuating throughout in the day.

  • Europe rallies at close, Serco plummets Monday, 10 Nov 2014 | 12:08 PM ET

    European shares closed higher on Monday, with Carlsberg among the biggest gainers after reporting earnings.

  • NEW YORK, Nov 7- Warren Buffett's Berkshire Hathaway Inc on Friday said third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts amid improvement in its insurance, energy and railroad operations. Net income slipped to $4.62 billion, or $2,811 per Class A share in the third quarter,...

  • European indexes close lower but Ryanair takes off Monday, 3 Nov 2014 | 11:41 AM ET

    All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.

  • Prosecutor confirms Tesco criminal investigation Wednesday, 29 Oct 2014 | 11:00 AM ET

    U.K.'s Serious Fraud Office confirmed it has formally launched a criminal investigation into accounting practices at Tesco.

  • European shares traded lower, amid concerns about the results of Europe's bank stress tests and the first Ebola case in New York.

  • Europe closes higher; earnings in focus Thursday, 23 Oct 2014 | 11:34 AM ET

    European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.