United Kingdom

James Davey

Sainsbury's would challenge CMA in courts if unhappy with Asda ruling

08 Nov 2018

LONDON British supermarket group Sainsbury's would challenge in the courts any unfavourable ruling by the regulator on its agreed takeover of rival Asda if it believed it was not backed up by published evidence, its boss said on Thursday.

M&S warns more pain to come from latest reinvention

07 Nov 2018

LONDON Marks & Spencer warned of an increasingly tough trading environment after disruption from the latest attempt to reinvent Britain's most famous retailer dented first half sales and profit margins in both its food and clothing businesses.

Morrisons' run of sales growth hits three years

06 Nov 2018

LONDON Morrisons , Britain's No. 4 supermarket group, took its run of quarterly sales growth to three years on Tuesday, driven by its wholesale business, though the rate of increase slowed after a summer bonanza, sending its shares lower.

AB Foods to expand Primark in U.S. and eastern Europe

06 Nov 2018

LONDON Associated British Foods plans to open more of its Primark stores in the United States and eastern Europe after strong growth at the fashion chain boosted full-year group profit.

Kroger set to place warehouse order with partner Ocado

30 Oct 2018

LONDON U.S. supermarket chain Kroger Co is expected to order the first three of 20 high-tech warehouses from online grocer Ocado by the end of the year under the terms of a breakthrough deal agreed in May.

ASOS shares bounce back as firm eyes 'huge' prize

17 Oct 2018

LONDON The potential for British online fashion retailer ASOS is "huge" as the shift to internet shopping accelerates, the company said on Wednesday, sending its shares soaring as it beat profit forecasts and flagged years of double-digit sales growth. | Video

Sainsbury's-Asda deal gets boost as UK includes discounters in probe

16 Oct 2018

LONDON Britain's competition regulator will include German discounters Aldi and Lidl, and online giant Amazon, in its market probe of Sainsbury's proposed takeover of Asda, boosting the deal's chances of being approved without a big sale of stores.

Merlin's Legoland disappointment extends bad spell for shares

16 Oct 2018

LONDON Merlin Entertainments' Legoland parks fell short of revenue expectations over the summer and the tourist attraction firm also highlighted rising labour costs in a trading update on Tuesday, sending its shares sharply lower.

Tesco shares suffer as pressures abroad overshadow UK growth

03 Oct 2018

LONDON Tesco shares fell 8 percent after Britain's biggest retailer missed first-half profit forecasts as weak trading in Thailand and Poland eclipsed accelerating sales growth in its main UK business. | Video

No let up for rivals as Aldi UK raises stores target to 1,200

01 Oct 2018

LONDON The British arm of German discount supermarket Aldi aims to have 1,200 stores in Britain by the end of 2025 as it seeks to grab more market share from its bigger listed rivals.

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