European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.» Read More
European markets finished slightly up on Friday afternoon, after wobbling around the flat line throughout the day.
Tesco management pleaded with shareholders to remain patient at a heated annual meeting on Friday.
A major Tesco shareholder has admitted the supermarket “has issues”, but called for patience as the retailer attempts to turn around.
Scotland could become a financial hub to rival Frankfurt and also double its wealth over the next 25 years, a new report claimed.
Falling food prices pushed U.K. inflation down once again in May as price growth remains well below the Bank of England's target.
Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down.
European shares closed lower on Wednesday after the release of business activity data for the euro zone showed a small downtick for last month.
U.K. supermarket chain Tesco on Wednesday reported a sharp fall in first-quarter sales, hurt by price cuts and subdued consumer spending.
*Opening up of online retail to benefit Amazon, eBay. MUMBAI/ NEW DELHI, June 4- India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
European shares closed higher on Monday with investor sentiment boosted by upbeat Chinese manufacturing data.
*Tesco's 191 stores in Turkey see poor trading. *Turkey talks part of strategy to focus on Britain. ISTANBUL, May 27- UK- based retailer Tesco Plc has failed to reach a deal with unnamed third parties over its struggling business in Turkey, a new setback for Chief Executive Philip Clarke as he seeks to rein in global expansion to focus on reviving the business at home.
*Tesco's 191 stores in Turkey see poor trading. *Turkey talks part of strategy to focus on Britain.
UBritain's Tesco has pledged to remove checkout confectionery from all stores before the end of 2014, amid rising concern over health and well-being.
Britain's No.4 grocer Morrisons sales continue to slide, hurt by price cuts and its relative lack of exposure to online and convenience markets.
British grocer J Sainsbury posted a 5.3 percent rise in annual profit, its slowest growth in nearly a decade.
*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.
Wm Morrison Supermarkets, Britain's fourth largest grocer, has unveiled a second round of price cuts.
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 closed higher on Wednesday, as better-than-expected Chinese growth data and a slew of earnings releases buoyed sentiment.
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.