Sainsbury's, the UK supermarket giant, suffered a 1.6 percent sales fall amid low inflation and increasing competition for shoppers' cash.» Read More
Online retailer Amazon has stepped up the pressure on Britain's traditional supermarkets with the nationwide launch on Friday of a packaged groceries offer.
European equities finished higher, despite a speech by the European Central Bank disappointing market watchers.
Social media has flourished to the point where it can trigger businesses to change their policies. CNBC takes a look.
European equities ended mixed Wednesday, with a rally in mining and oil stocks boosting sentiment.
European stocks pared gains to close flat on Wednesday, with auto stocks and miners outperforming after some recovery in oil prices.
European stocks closed mixed to lower on Thursday, as start-of-quarter enthusiasm petered out among investors and telecom stocks weighed on investor sentiment.
European stocks finished sharply higher Wednesday as equity markets rallied globally at the end of a torrid month.
Sept 8- Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, is joining Guy Hands' Terra Firma Capital Partners as vice chairman, the UK private equity firm said. King, who is credited with reviving Sainsbury's fortunes and firming up its position as one of the top four grocers in the UK, stepped down as Sainsbury's CEO last...
Sept 8- UK private equity firm Terra Firma Capital Partners said it appointed Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, as vice chairman and head of its portfolio businesses. He has since taken up advisory roles at some private companies and even lead the review of safety practices at holiday company Thomas...
*Q1 UK like-for-like sales down 1.3 pct. *Says attracted 180,000 more UK shoppers. LONDON, June 26- Price cuts and better service helped Tesco to win back shoppers in the first quarter of its financial year, Britain's biggest retailer said on Friday, suggesting new boss Dave Lewis's turnaround plan is starting to bear fruit.
European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.
Supermarket group says sales at stores open over a year fell 2.1 percent in the 12 weeks to June 6.
European equities closed mostly higher on Wednesday as investors reacted to a slew of earnings reports and data, as the euro rallied against the dollar.
Sainsbury's CEO Mike Coupe has been handed a two-year jail sentence in Egypt, over claims that he tried to seize cheques from an Egyptian businessman.
European equities finished lower as investors looked ahead to a two-day meeting by the U.S. Federal Reserve and reacted to fresh economic data.
Sainsbury's added to the gloom around the U.K. retail sector on Tuesday as it reported a 3.9 percent slide in like-for-like sales, including fuel.
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.
UK shoppers have turned their backs on traditional U.K. supermarket chains in favor of discount German retailers.
An escalating price war between the U.K.'s largest supermarkets means that the price of milk is now cheaper than bottled water, research shows.
Morrisons said its chief executive would step down after the firm posted the worst Christmas performance of Britain's listed supermarkets.