The poor turnout for Black Friday in the U.K. may be because traditional retailers don't know how to manage the new landscape.» Read More
U.K. supermarket chain J Sainsbury saw sales slip in its second quarter, with shoppers making more frequent visits but spending less on each trip.
Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of a major accounting scandal.
Discount supermarket Aldi has had a record year in the U.K. and Ireland, seeing a 65 percent jump in profits in the region.
Warren Buffett has lost over $700 million on his investment in U.K. supermarket Tesco, which has seen shares fall around 43 percent this year.
European shares closed lower on Tuesday, due to weak economic data and new tax rules in the U.S. hitting the pharmaceutical sector.
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.