Britain's fourth-largest grocer WM Morrison saw its underlying pre-tax profit for the first six months of this year plunge 51 percent.» Read More
LONDON, July 31- Britain's Serious Fraud Office has averted a 300 million-pound damages claim over its botched investigation into the Tchenguiz brothers, securing a second out-of-court settlement and closing an embarrassing chapter in its history.
*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.
Every single one of us, individual or corporate, who wishes to engage in any form of commerce, needs banks, writes Moorad Choudhry.
Falling food prices pushed U.K. inflation down once again in May as price growth remains well below the Bank of England's target.
European shares closed lower on Wednesday, having failed to find any real momentum during the session.
*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.
Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down.
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.
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.
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.