Edition:
United Kingdom

James Davey

May to make 'new, bold offer' in Brexit bill, Labour sceptical

19 May 2019

LONDON British Prime Minister Theresa May said she will present a "new, bold offer" to lawmakers with "an improved package of measures" in a final attempt to get the Brexit divorce deal through parliament before she leaves office.

M&S to feel transformation pain before profit recovery

17 May 2019

LONDON Profit at Marks & Spencer is expected to fall for the third year in a row next week, with underlying sales poised to slip as the British retailer works through a painful "transformation plan".

Asda faces tougher trading conditions after Sainsbury's dream dies

16 May 2019

LONDON Asda, the British supermarket arm of U.S. giant Walmart, reported a dip in quarterly sales and warned of an "increasingly challenging backdrop" after regulators thwarted its plan to merge with rival Sainsbury's.

Lower sales in France weigh on Kingfisher's growth

15 May 2019

LONDON British home improvement retailer Kingfisher missed forecasts for sales growth in its latest quarter, held back by the weak performance of its French businesses.

RPT-Asda to rely on Walmart largesse after Sainsbury's dream expires

13 May 2019

LONDON, May 10 Asda will be scrutinised for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

Asda to rely on Walmart largesse after Sainsbury's dream expires

10 May 2019

LONDON Asda will be scrutinized for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

UK's Morrisons blames political uncertainty for growth slowdown

09 May 2019

LONDON British supermarket chain Morrisons missed quarterly growth forecasts, blaming political and economic uncertainty, and warned that the next three months face comparison with last year's strong summer.

Sainsbury's to invest and cut prices after Asda dream dies

01 May 2019

LONDON Sainsbury's boss Mike Coupe vowed to improve stores, cut prices on daily essentials and invest in online to restore sales growth for Britain's second largest supermarket group after the humiliation of his failed takeover of rival Asda.

World News

Iran's Rouhani rejects talks with Washington

Iranian President Hassan Rouhani rejected talks with the United States on Tuesday, after President Donald Trump said Iran would call and ask for negotiations "if and when they are ever ready".