United Kingdom

James Davey

Sainsbury's-Asda tie-up not a done deal yet, experts warn

7:12am GMT

LONDON Shortly after last year's announcement of a $9.4 billion deal to combine the Sainsbury's supermarket group that he runs with rival Asda, boss Mike Coupe was caught on camera singing "We're in the money".

Primark owner AB Foods says no-deal Brexit would be 'reckless'

17 Jan 2019

LONDON Leaving the European Union at the end of March without a deal would be "reckless" for Britain, the finance chief of Primark owner Associated British Foods , said on Thursday.

Retailer New Look's debt plan hits shares in parent Brait

14 Jan 2019

LONDON/JOHANNESBURG Shares in South African investment firm Brait plunged more than 20 percent on Monday after its British fashion chain New Look announced a deal with creditors to cut 1 billion pounds off its debts, in its latest turnaround attempt.

New Debenhams chairman seeks investor consensus as shares slide again

11 Jan 2019

LONDON Shares in Debenhams , the British department store chain that is fighting for survival, plunged as much as 22 percent on Friday as its new interim chairman began the task of trying to find a consensus among investors on the way forward.

Britain faces fresh food bottleneck if no Brexit deal

10 Jan 2019

LONDON Britain faces a fresh food bottleneck if it drops out of the EU without a deal, the country's largest supermarket group warned on Thursday, echoing comments from its biggest rival the previous day.

M&S faces long road to recovery as Christmas sales fall

10 Jan 2019

LONDON Britain's Marks & Spencer endured another quarter of falling sales in both clothing and food, underscoring what looks set to be a long and uncertain road to recovery.

UPDATE 3-UK's Sainsbury's lags rivals as Christmas sales fall

09 Jan 2019

* Market share graphic https://tmsnrt.rs/2RCNN7f (Adds detail, CEO comment, shares)

Christmas sales growth slows at Morrisons as discounters thrive

08 Jan 2019

LONDON Morrisons , Britain's No. 4 supermarket chain, reported weaker-than-expected Christmas sales with growth slowing at both its retail and wholesale businesses, as discounters Aldi and Lidl emerged as the major winners over the festive period.

Aldi UK's premium ranges drive Christmas sales growth

08 Jan 2019

LONDON Aldi UK, the British arm of the German discount supermarket, said its sales increased around 10 percent to almost 1 billion pounds in December, driven by increased demand for some of its premium products.

M&S set to report bleak Christmas, supermarkets face slowdown

04 Jan 2019

LONDON Britain's Marks & Spencer is expected to report another fall in underlying sales in both clothing and food in its Christmas quarter, while the major grocers are forecast to show a slowdown in growth as the discounters march on.

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