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J Sainsbury PLC

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  • UK Supermarket Morrison Enters Online Grocery Scrum Friday, 17 May 2013 | 1:58 AM ET

    U.K. supermarket Morrisons announced it is going into partnership with online delivery service Ocado on Friday.

  • Dairy Workers Get a Pension Full of Aging Cheese Friday, 19 Apr 2013 | 3:59 PM ET

    In a growing trend, Dairy Crest, one of Britain's top producers of dairy products, has transferred 20,000 pounds of cheddar cheese to its pension fund.

  • Not So Easy...Tesco Pulls Out of US Stores Wednesday, 17 Apr 2013 | 7:32 AM ET

    Tesco wrote down the value of its global operations by $3.5 billion and announced plans to exit the U.S., after a year in which profit fell for the first time in two decades.

  • Europe Shares Close Down Ahead of Cyprus Vote Tuesday, 19 Mar 2013 | 12:33 PM ET

    European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.

  • Sainsbury Sales Beat, but CEO Voices Caution Tuesday, 19 Mar 2013 | 3:49 AM ET

    The operator of the U.K.'s third-biggest supermarket chain J Sainsbury, beat expectations on Tuesday with quarterly like-for-like sales (excluding fuel) rising by 3.6 percent. Analysts polled by Reuters had expected a rise of just 2.3 percent.

  • Hedge Funds Bet British Retailers' Troubles Will Deepen Thursday, 17 Jan 2013 | 2:40 AM ET
    Consumers shop for televisions in Walmart.

    Hedge funds are betting that a prolonged consumer squeeze and a further shift to online shopping could spell trouble for Britain's retail chains.

  • Telecoms Rally Helps European Shares Hit Fresh Highs Wednesday, 9 Jan 2013 | 9:32 AM ET

    Rallying telecom stocks and a bullish start to the new earnings season propelled Europe's top shares to fresh 22-month closing highs.

  • We'll Cut Costs to Survive: Sainsbury CFO Wednesday, 9 Jan 2013 | 2:28 AM ET

    Supermarket chain Sainsbury plans to combine cost cuts with expansion in 2013, CFO John Rogers told CNBC Wednesday, with the group determined to lure more cash-strapped consumers to its mid-range supermarkets.

  • Tesco Launches Strategic Review of US Chain Wednesday, 5 Dec 2012 | 2:35 AM ET

    Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.