European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.» Read More
Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.
Britain's accounting watchdog said on Monday it had launched an inquiry into PwC over its auditing of Tesco's accounts.
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 shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.
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.
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...
German discount grocery chain Aldi is considering entering China as it seeks growth outside its traditional markets, according to a German magazine.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
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...
Supermarket chain Sainsbury's reported half-year underlying pre-tax profit fell 6.3 percent to £375 million ($596.8 million).
European stocks ended the day in the green on Tuesday afternoon, after fluctuating throughout in the day.
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,...
All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.
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.
European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.