Every single one of us, individual or corporate, who wishes to engage in any form of commerce, needs banks, writes Moorad Choudhry.» Read More
*Qatar sells about 5 pct of LSE, cutting stake by a third. LONDON, July 10- Qatar has sold a 5 percent stake in the London Stock Exchange for 260.1 million pounds, cutting its holding by a third and making a profit of around 20 percent, according to Reuters calculations.
*Deutsche Lufthansa profit warning sees selling of airlines. EDINBURGH, June 11- European stocks turned negative on Wednesday after a profit warning from German airline Deutsche Lufthansa rocked the travel and leisure sector.
LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales, bringing a disappointing note to Chief Executive Justin King's preparations to step down after 10 years at the helm.
LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down from the grocer after 10 years at the helm.
U.K. supermarket chain Tesco on Wednesday reported a sharp fall in first-quarter sales, hurt by price cuts and subdued consumer spending.
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.
*Mike Coupe to succeed Justin King as CEO in July. LONDON, May 7- British grocer J Sainsbury said it was well-equipped to cope with the rise of discounters and price cuts by major rivals, even though a 5.3 percent increase in annual profit represented its weakest growth in nearly a decade.
British grocer J Sainsbury posted a 5.3 percent rise in annual profit, its slowest growth in nearly a decade.
The Chinese government has imposed new limits on foreign brands of milk powder and infant formula.
Wm Morrison Supermarkets, Britain's fourth largest grocer, has unveiled a second round of price cuts.
*Owned by Germany's third-richest man, Dieter Schwarz. Based in Neckarsulm in southern Germany, Lidl is owned by Germany's third-richest man, Dieter Schwarz, son of the company's founder Josef Schwarz. Klaus Gehrig took over as the chain's chief executive from Dieter Schwarz in 2004..
LONDON, March 18- British grocer J Sainsbury's nine-year run of quarterly sales growth came to an end on Tuesday, underlining the pressure on the industry as a battle over prices intensifies in a fragile economic recovery.
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.
LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.
LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.
The full extent of the problems facing the U.K.'s "big four" supermarket chains was underlined on Thursday, with a profit warning by WM Morrison.
Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.
Chief financial officers have told CNBC that a lack of consumer spending is a major fear for their companies.
Shares in Sainsbury's dropped on Wednesday, as the U.K. supermarket chain announced that its CEO Justin King has decided to step down after 10 years at the company.
Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.