European equities closed slightly higher on Thursday, as the IMF dashed hopes that a deal between Greece and its bailout supervisors was near.» Read More
*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.
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.
Across the U.K., supermarkets have seen unprecedented demand for luxury foods over the festive period, with sales of caviar booming to record highs.
European stocks surged to close almost 3 percent higher after ECB chief Draghi reiterated the central bank was ready to start "full-blown" QE.
Embattled Tesco reported that sales fell over the Christmas period and announced that it would not be paying a final dividend this year.
Europe shares ended higher on Wednesday with investors anticipating more stimulus by the European Central Bank (ECB).
Sales at U.K. supermarket J. Sainsbury fell in the last three months, the company said on Wednesday, after a tough Christmas for Britain's grocers.
Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.
European shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.
European shares closed lower on Monday, with construction stocks continuing to weigh heavily after Wall Street opened down.
U.K. activist investment fund Crystal Amber is in talks with investors about buying shares in Sainsbury's, The Sunday Telegraph newspaper said.
European shares closed flat on Tuesday as investors digested revised third quarter GDP data from the U.S.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.