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United Kingdom

James Davey

ASOS says warehouse problems behind it after profit slump

16 Oct 2019

LONDON British online fashion retailer ASOS said problems with warehouses in the United States and Germany, which were behind a 68% slump in annual profit, were largely behind it, sending its shares sharply higher on Wednesday.

In turbulent times, Tesco's new boss has something to build on

03 Oct 2019

LONDON When the little known Ken Murphy takes over next year as CEO of Tesco , Britain's biggest retailer, he will inherit something current boss Dave Lewis did not have the luxury of when he joined in 2014 - a strategy and a stable business.

Job done - Tesco boss to quit next year

02 Oct 2019

LONDON Tesco boss Dave Lewis, credited with saving Britain's biggest retailer from collapse in 2014, will step down next summer after declaring its turnaround complete, handing over to a relative unknown catapulted into one of the sector's top jobs.

Britain's Pearson punished for U.S. textbook slump warning

26 Sep 2019

LONDON Pearson warned that a 20% drop in demand for U.S. college textbooks would hit its profit and jeopardize a return to sales growth next year, triggering an 18% share price fall.

Sainsbury's lays out plan to go it alone as trading improves

25 Sep 2019

LONDON Sainsbury's put cost cutting and paying off debt at the heart of a new plan designed to show the British supermarket group can prosper on its own after a botched attempt to take over rival Asda .

Eyes on U.S. prize, Primark considers Central American suppliers

23 Sep 2019

LONDON Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

Eyes on U.S. prize, Primark considers Central American suppliers

23 Sep 2019

LONDON Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

RPT-Eyes on U.S. prize, Primark considers Central American suppliers

23 Sep 2019

LONDON, Sept 23 Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

Next blames warm weather not Brexit for slow autumn trading

19 Sep 2019

LONDON Retailer Next has made a "disappointing" start to autumn trading which it said was down to unusually warm weather in parts of Britain, rather than shoppers holding back on buying new clothes due to uncertainty over Brexit.

Britain's Kingfisher will not handcuff new CEO on strategy

18 Sep 2019

LONDON Britain's Kingfisher will give its new chief executive free rein to pursue whatever strategy he decides, even a possible break-up of the home improvement retailer, which has struggled to lift its earnings.

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