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
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.
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.
It will be weeks before results are in for India's national elections, but investors have already picked their favorite.
British clothing retailer Marks & Spencer, hit at home by dwindling sales, plans to expand its international stores by more than a half.
The "Shareholder Spring" continues to weigh on U.K. companies, with CEO bonuses falling for a third consecutive year in 2013, according to a PwC report published on Tuesday, as investors keep a watchful eye on corporate excess.
U.K. supermarket chain Sainsbury's reported a drop in sales in the final quarter of 2013, ending the group's nine straight years of positive sales.