Private equity firm MBK Partners and Singapore state investor Temasek Holdings are bidding for Tesco's South Korea arm.» Read More
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.
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.
European shares closed higher on Monday with investor sentiment boosted by upbeat Chinese manufacturing data.
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.