Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by a strategic decision to slash prices.» Read More
Tesco, the UK supermarket chain battling an apparent $409m accounting error, has said its new finance director will start months earlier than planned.
European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.
U.K. supermarket's shares open down 11% after warning it overstated its half-year profits by £250M, appoints Deloitte to investigate.
European shares opened sharply higher Friday, after the vote count in a historic referendum showed Scotland said no to independence.
A host of business figures in the UK has come out against Scottish independence on economic grounds - but is this just “scaremongering” as some claim?
Britain's fourth-largest grocer WM Morrison saw its underlying pre-tax profit for the first six months of this year plunge 51 percent.
European shares closed flat to lower on Monday as investors weighed worse-than-expected manufacturing data against tensions in Ukraine.
Tesco has long been the risk averse investor's friend, but now a rise in revenue and expansion is looking less certain.
European closed mostly flat on Friday after the U.K. raised the odds of a terrorist attack on its soil to "severe" from "substantial"
Shares in Tesco closed nearly 7 percent lower, after the supermarket slashed profit expectations for the year and cut its dividend.
Price wars among the U.K.'s biggest supermarkets have driven down the cost of food, pushing the growth of the grocery market to a 10-year record low.
Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.
European shares closed lower on Monday as sentiment remained subdued due to the ongoing tensions in Gaza and Ukraine.
Tesco said its CEO Philip Clarke would quit, to be replaced by Unilever executive Dave Lewis, after it issued a profit warning.
Every single one of us, individual or corporate, who wishes to engage in any form of commerce, needs banks, writes Moorad Choudhry.
Here's a quick look at how London, Hong Kong and Singapore have changed over the last 25 years.
Financial services in the U.K. are the country's biggest exportable service and are now likely to help plug the current account deficit.
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.