U.S. law firms are appealing for burnt investors in Tesco to get in touch, after the supermarket giant revealed it had massively overstated profits.» Read More
British retailers suffered a sales drop over the festive period, the latest in a long line of disappointing results for the sector.
European equities closed lower on Tuesday as investors looked ahead to the U.S. Federal Reserve's last policy meeting of the year.
European equities closed lower after U.S. jobs data increased concerns that the Federal Reserve would "taper" its bond-buying program soon.
Supermarket Tesco reported a sharp drop in third-quarter like-for-like sales on Wednesday, as the retailer struggles to woo cash-strapped consumers ahead of the key Christmas trading period.
European equities closed lower as Spanish shares sunk on disappointing data, while retailers struggled on the first day of December trade.
Tesco recalled an ice cream product after pain relief tablets were found in two of its own-brand chocolate and nut cones.
Sainsbury's reported half-year underlying pre-tax profit of £400 million on Wednesday, versus £374 million a year ago.
European shares closed higher following the latest U.S. jobs report.
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.
Billionaire Warren Buffett's Berkshire Hathaway last week slashed its stake in the world's No.3 retailer, Tesco, by about one-fifth, according to a stock market filing.
European companies and their investors have been pinning hopes on growth in the U.S. and Asia to offset weak growth at home — but strategists have told CNBC that stock-pickers should be very careful to avoid big third-quarter disappointments.
European shares closed lower, tracking the downward trend in U.S. stocks as the budget deadlock in Washington continued.
European shares closed down on Wednesday, as the U.S. government shutdown continued and jobs data came in weak.
The U.K. supermarket landscape is changing, with Tesco’s long-held place at the top of the market beginning to look shaky.
J Sainsbury, Britain's third-biggest grocer, met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online, outperforming rivals including market leader Tesco.
European shares closed lower on Wednesday with investor sentiment still subdued as concerns weighed about U.S. borrowing.
U.K. supermarket giant Tesco launched its attempt to tap into the tablet computer market and boost its online shopping and download services Monday when it unveiled its £119 ($190.95) "Hudl".
European shares pared gains but closed higher on Thursday, a day after the Federal Reserve surprised markets by opting to maintain its $85 billion-per-month asset purchases.
Consumers are sticking to frugal habits developed in the recession even as developed economies recover, suggesting some changes could be permanent.
European shares closed narrowly higher on Wednesday, having paused after rallying on Tuesday.