Advertise with fastmoving.co.za
 
 

LONDON NEWS ON FASTMOVING

Subscribe to london

A Woolworths window display wins big in London

A Woolworths window display wins big in London

18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.  read more
Aldi opens a record number of stores in one day

Aldi opens a record number of stores in one day

07/12/2018 - 09:45
Aldi UK has opened a record eight stores on a single day as part of a tranche of 24 new outlets that are opening throughout November and December.  read more
London now second favourite for US luxury retail expansion

London now second favourite for US luxury retail expansion

16/04/2018 - 10:31
London is now the second favourite destination for luxury US retailers to break into the European market. read more
Smeg opens first ever retail store in London

Smeg opens first ever retail store in London

18/10/2017 - 10:13
Iconic kitchen appliances brand Smeg has opened its first-ever standalone store in UK with a flagship in central London. read more
More luxury retailers opened stores in London than any other city in 2016

More luxury retailers opened stores in London than any other city in 2016

27/02/2017 - 13:58
London’s status as the world capital for luxury retail has been reinforced with new data showing it had more luxury store openings than any other city in 2016. read more
Tesco stores along London's night tube lines to open 24 hours

Tesco stores along London's night tube lines to open 24 hours

22/08/2016 - 09:47
Tesco is jumping on the night tube bandwagon by opening an additional seven of its London stores for 24 hours this weekend. read more
Pound’s plunge takes R125bn whack out of SABMiller takeover value

Pound’s plunge takes R125bn whack out of SABMiller takeover value

30/06/2016 - 16:07
London - US investors who own SABMiller [JSE:SAB] shares have more reason than most to rue Britain’s vote to leave the European Union. The resulting plunge in the UK currency has cut the dollar value of Anheuser-Busch (AB) InBev's takeover offer for SABMiller by $8.5bn (R125.5bn). read more
Tesco maintains quarterly growth as turnaround momentum

Tesco maintains quarterly growth as turnaround momentum

23/06/2016 - 10:18
London - Tesco reported a second straight quarter of UK sales growth, the first time it’s done so in five years as the grocer’s turnaround gains momentum. read more
Did Steinhoff or Brait buy Poundland? - UK

Did Steinhoff or Brait buy Poundland? - UK

15/06/2016 - 11:17
London — Bid hopes sent UK retailer Poundland surging yesterday after a mystery buyer paid a big premium to become the discount retailer’s biggest shareholder. read more
Tesco dumps Turkish unit at huge discount to make value - UK

Tesco dumps Turkish unit at huge discount to make value - UK

10/06/2016 - 11:59
London - Tesco agreed to sell its majority stake in the Turkish Kipa chain, offloading the unprofitable unit at a huge discount to its market value. read more
Cool weather dents H&M’s monthly sales - UK

Cool weather dents H&M’s monthly sales - UK

17/05/2016 - 08:35
London - Hennes & Mauritz shares fell after the clothing retailer said sales in April were hurt by unseasonably cool weather in many parts of Europe. read more
SABMiller’s sales gain momentum - UK

SABMiller’s sales gain momentum - UK

22/04/2016 - 12:52
London - SABMiller sold 4 percent more lager in its most recent quarter than a year earlier as momentum improved in the second half of its financial year. read more
Unilever sales helped by gains in personal care - UK

Unilever sales helped by gains in personal care - UK

15/04/2016 - 10:50
London - Unilever reported first-quarter sales growth in line with estimates as gains in its laundry detergent and personal-care units offset falling prices in Europe. read more
Tesco puts Sainsbury’s customers on its list - UK

Tesco puts Sainsbury’s customers on its list - UK

13/04/2016 - 08:50
London - Tesco has set its sights on winning over Sainsbury's customers as it geared up to reveal a recovery going from strength to strength. read more
New M&S boss vows to reverse clothing fortunes - UK

New M&S boss vows to reverse clothing fortunes - UK

11/04/2016 - 08:48
London - Marks & Spencer's new boss on Thursday vowed to leave no stone unturned in his quest to overturn the high-street stalwart's “unsatisfactory” performance in clothing following yet another slump in womenswear sales. read more
Inside London’s craft beer boom - UK

Inside London’s craft beer boom - UK

04/04/2016 - 12:18
London - A growing national thirst for “craft” beers has prompted a surge in the number of new breweries opening in London, new figures released on Tuesday show. read more
Sainsbury joins listed supermarket rivals - UK

Sainsbury joins listed supermarket rivals - UK

16/03/2016 - 15:11
London - Sainsbury’s surprise increase in fourth-quarter sales means all of Britain’s big listed supermarkets are back in growth. read more
Tesco breaks its downward slide - UK

Tesco breaks its downward slide - UK

09/03/2016 - 16:12
London - Tesco's fortunes are starting to improve, if the latest wave of supermarket sales data is anything to go by. read more
Wedding crasher Steinhoff takes on European retailers - UK

Wedding crasher Steinhoff takes on European retailers - UK

03/03/2016 - 10:03
London - There’s a South African wedding crasher on the loose in Europe who’s determined to upend the retail industry. read more
Mars and Snickers bars recalled - Germany / UK

Mars and Snickers bars recalled - Germany / UK

25/02/2016 - 10:39
Frankfurt/London - Mars has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany. read more
Sainsbury given more time for Home Retail bid after Steinhoff offer - UK

Sainsbury given more time for Home Retail bid after Steinhoff offer - UK

24/02/2016 - 11:15
London — British supermarket operator Sainsbury has been given more time to make a firm bid for Argos-owner Home Retail, after a possible higher rival offer from SA’s Steinhoff International emerged on Friday (19 Feb). read more
Carlsberg plunges into the red - UK

Carlsberg plunges into the red - UK

11/02/2016 - 14:13
London - Danish brewer Carlsberg said that Wednesday it plunged into the red in 2015 because of large restructuring provisions and declining sales in Europe amid a shrinking Russian beer market. read more
Why Sainsbury wants Home Retail - U.K.

Why Sainsbury wants Home Retail - U.K.

03/02/2016 - 09:31
London - Sainsbury CEO Mike Coupe says its offer for Home Retail Group is about baking a bigger cake, one that neither British retailer could rustle up alone. Sainsbury is making sure it's getting the best slice - financially at least. read more
Tesco is torn apart - U.K.

Tesco is torn apart - U.K.

27/01/2016 - 12:46
London - Tesco deliberately and repeatedly withheld money owed to suppliers to boost its sales performance artificially, in a serious breach of supermarket regulations, the sector's watchdog has found. read more
Nestlé loses bid to trademark KitKat shape - U.K.

Nestlé loses bid to trademark KitKat shape - U.K.

21/01/2016 - 11:11
London - Nestlé has lost a long-running court battle to trademark the four-finger shape of its KitKat chocolate bar in Britain. read more
Sainsbury's eyes Home Retail - UK

Sainsbury's eyes Home Retail - UK

14/01/2016 - 08:42
London - Sainsbury's, Britain's second-biggest supermarket, said on Wednesday (13 Jan) a takeover of Home Retail was strategically compelling but insisted it would not overpay for the owner of the Argos household goods and Homebase do-it-yourself chains. read more
Aldi eliminates impulse temptation from some checklanes - UK

Aldi eliminates impulse temptation from some checklanes - UK

13/01/2016 - 08:37
Healthy checklanes free of bad-for-you impulse items are coming to nearly all Aldi stores by year-end and that is just the beginning of the retailer’s stepped up commitment to offering healthier options at its expanding network of 1 500 stores. read more
Walmart’s Asda unveils more price cuts - UK

Walmart’s Asda unveils more price cuts - UK

12/01/2016 - 09:29
London - Walmart Stores Asda has pledged to invest an additional £500m in cutting prices, creating further upheaval for the UK’s largest supermarket chains. read more
Distell crowned best distiller at world competition

Distell crowned best distiller at world competition

30/11/2015 - 12:34
Distell has been crowned best distiller of the year for 2015 at the International Wine and Spirit Competition in London. read more
Sainsbury's on course to beat profit forecasts - UK

Sainsbury's on course to beat profit forecasts - UK

01/10/2015 - 10:53
London - British supermarket chain Sainsbury's raised its full-year profit forecast on Wednesday after posting a better than expected quarterly performance, raising hopes that the battered sector could be hitting the bottom and sending its shares soaring. read more
Heineken trusts 007 to deliver - UK

Heineken trusts 007 to deliver - UK

05/08/2015 - 10:15
London - Heineken is hoping the Rugby World Cup and the new James Bond film, Spectre, will lead to more Brits guzzling its drinks this year.  read more
UK's 'big four' grocers lose more ground - UK

UK's 'big four' grocers lose more ground - UK

29/07/2015 - 12:50
London - All of Britain's so-called "big four" supermarkets saw sales fall over the last 12 weeks in an overall market that grew marginally, with discounters continuing to take share from their bigger rivals, industry data showed on Tuesday. read more
Tesco slammed for paying boss too much - UK

Tesco slammed for paying boss too much - UK

29/06/2015 - 14:16
London - Campaigners hijacked Tesco's annual meeting with calls to pay its supermarket workers the living wage, amid a shareholder revolt over chief executive Dave Lewis's multimillion-pound pay deal.  read more
Sainsbury’s gives Rogers a bigger role - UK

Sainsbury’s gives Rogers a bigger role - UK

26/06/2015 - 08:50
London - British supermarket Sainsbury’s said on Thursday it is expanding the role of its finance chief John Rogers to include business development responsibilities.  read more
IKEA tests new retails format - UK

IKEA tests new retails format - UK

25/06/2015 - 13:16
London - IKEA Group plans to trial a new small-format store in Britain as it seeks to extend its reach across the country, the world's largest furniture retailer said on Wednesday (24 June).  read more
M&S chief sees pay rise by 32% - UK

M&S chief sees pay rise by 32% - UK

08/06/2015 - 09:07
London - The chief executive of Marks & Spencer, Marc Bolland, watched his pay package soar by 32 percent in a year when the retailer finally managed to increase its profits for the first time in four years.  read more
Morrisons meeting shines light on empty shelves - UK

Morrisons meeting shines light on empty shelves - UK

08/06/2015 - 09:03
London - One of the biggest problems facing Morrisons' new boss David Potts as he attempts to turn around Britain's fourth largest supermarket was highlighted at its annual shareholder meeting - not enough stock on store shelves. read more
Tesco faces showdown with top lawyer - UK

Tesco faces showdown with top lawyer - UK

29/05/2015 - 14:12
London - A highly respected commercial lawyer has been drafted in by a group set up to sue Tesco over last year's accounting scandal in what could turn into a multi-billion-pound lawsuit.  read more
Tesco paid new boss £4m in first six months - UK

Tesco paid new boss £4m in first six months - UK

25/05/2015 - 10:14
London - Britain's biggest retailer Tesco paid new chief executive Dave Lewis £4.1m in the six months after luring him from consumer goods group Unilever and tasking him with turning around the firm. read more
SABMiller acquires craft beer firm - UK

SABMiller acquires craft beer firm - UK

18/05/2015 - 09:03
London - SABMiller said it would acquire British craft beer firm Meantime Brewing Company, giving the maker of big name brands such as Peroni and Grolsh exposure to the fastest-growing part of the British beer market.  read more
Tesco axes PwC - UK

Tesco axes PwC - UK

11/05/2015 - 13:24
London - Tesco has dumped its auditors of 32 years, PwC, in the wake of the £263m accounting scandal that hit the supermarket last year.  read more
Coupe sees 15% market share for discounters - UK

Coupe sees 15% market share for discounters - UK

08/05/2015 - 11:30
London - Sainsbury's chief executive Mike Coupe has predicted discount supermarkets are set to gobble up nearly 15 percent of the market by 2022. He is the first boss of a major grocer to tell the City how much damage he believes Lidl and Aldi can inflict on the big four.  read more
Grocer Morrisons battles in tough climate - UK

Grocer Morrisons battles in tough climate - UK

07/05/2015 - 12:48
London - Morrisons, Britain's No. 4 grocer, posted a deteriorating fall in underlying sales on Thursday, further illustrating the tough turnaround task facing its new boss.  read more
Sainsbury's sales dip for fifth straight quarter - UK

Sainsbury's sales dip for fifth straight quarter - UK

18/03/2015 - 10:19
London - British supermarket Sainsbury's posted a fifth straight quarter of declining underlying sales and said it did not expect the trading environment to improve any time soon. read more
M&S breaks tradition, gets more agile in style - UK

M&S breaks tradition, gets more agile in style - UK

06/03/2015 - 09:54
London - Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain's former retail powerhouse Marks & Spencer (M&S). However, the parts of the business that customers never see could hold the key to its revival. read more
Morrisons names Potts as new boss - UK

Morrisons names Potts as new boss - UK

26/02/2015 - 11:27
London - Britain's No. 4 supermarket Morrisons has named former Tesco executive David Potts as its new chief executive, completing a triumvirate of ex-Tesco men at the top of the firm.  read more
SABMiller’s CFO quits - UK

SABMiller’s CFO quits - UK

19/02/2015 - 10:33
London - International brewer SABMiller said on Thursday the group's chief financial officer Jamie Wilson had resigned for personal reasons and will leave on March 31, the end of the firm's current financial year.  read more
Tesco names Allan as chair - UK

Tesco names Allan as chair - UK

18/02/2015 - 08:52
London - Tesco, Britain's biggest retailer has named John Allan as its new chair, succeeding Richard Broadbent who said in October he would step down in the wake of the supermarket's 263-million-pound profit overstatement.  read more
Watchdog to probe Tesco's supplier practices - UK

Watchdog to probe Tesco's supplier practices - UK

06/02/2015 - 12:24
London - Britain's grocery industry watchdog opened an investigation on Thursday into Tesco's relations with its suppliers, dealing a further blow to the battered reputation of the country's biggest supermarket. read more
Choc maker Hershey to enter 'biltong' business - UK

Choc maker Hershey to enter 'biltong' business - UK

03/02/2015 - 09:27
London - Hershey agreed to buy jerky maker Krave Pure Foods for its first foray into meat snacks, a fast-growing market that is tempting health-conscious consumers away from chocolate. read more
Premier Foods sees positives in supermarket wars - UK

Premier Foods sees positives in supermarket wars - UK

26/01/2015 - 10:28
London - The owner of Mr Kipling cakes and Bisto gravy, Premier Foods, could gain shelf space in the intensifying battle for shoppers among Britain's "big four" supermarkets, its chief executive said. read more
Unilever sees no improvement after weak 2014 - UK

Unilever sees no improvement after weak 2014 - UK

22/01/2015 - 13:35
London - Consumer goods group Unilever expects another sluggish year, after a slowdown in emerging markets and flagging developed economies curbed demand for everything from soup to soap in 2014. read more
SABMiller hurt by China weather - UK

SABMiller hurt by China weather - UK

21/01/2015 - 14:51
London - International brewer SABMiller on Wednesday reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year.  read more
M&S clothes lose universal appeal - UK

M&S clothes lose universal appeal - UK

20/01/2015 - 12:28
London - For generations, British children went to school in Marks & Spencer's clothes, teenagers turned to it for first interview suits and shoppers of all ages bought its underwear. read more
Supermarkets braced for battle - UK

Supermarkets braced for battle - UK

19/01/2015 - 10:30
London - Four months into the job, Tesco boss Dave Lewis has wasted no time imposing a range of price cuts and customer service improvements designed to regain the initiative in a tough market. There are already signs customers are noticing. read more
CEO ditched after Christmas sales plunge - UK

CEO ditched after Christmas sales plunge - UK

14/01/2015 - 09:04
London - The intense pressure in Britain's supermarket sector claimed its first scalp of the year on Tuesday with the departure of Morrisons’ CEO Dalton Philips following a plunge in Christmas sales from Britain's No. 4 grocer. read more
Outrage in UK as Cadbury owner tweaks recipe - UK

Outrage in UK as Cadbury owner tweaks recipe - UK

13/01/2015 - 10:12
London - Mondelez International, maker of Cadbury Creme Eggs, has tweaked the recipe of the chocolate shell of its gooey treats ahead of their main Easter selling season, sparking an angry response in Cadbury's home market of Britain. read more
Christmas quarter sales cheer Sainsbury’s - UK

Christmas quarter sales cheer Sainsbury’s - UK

12/01/2015 - 10:29
British grocer Sainsbury’s reported a better-than-expected Christmas quarter, boosting its shares and providing a rare bright spot in an industry convulsed by the march of the discounters.  read more
Online delivery woes affect M&S sales - UK

Online delivery woes affect M&S sales - UK

09/01/2015 - 13:01
London - Marks & Spencer missed Christmas sales forecasts, hit by delivery problems at its online business and raising fresh questions about CEO Marc Bolland's turnaround strategy for Britain's biggest clothing retailer. read more
Cost cuts, asset sales in store for Tesco - UK

Cost cuts, asset sales in store for Tesco - UK

07/01/2015 - 10:15
London - New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes. read more
John Lewis may rein in Black Friday push - UK

John Lewis may rein in Black Friday push - UK

06/01/2015 - 12:27
London - British department store chain John Lewis enjoyed the most lucrative week in its 150-year-history thanks to "Black Friday" business, which helped to drive sales nearly five percent higher in the five weeks to December 27. read more
Tesco in line for S&P downgrade - UK

Tesco in line for S&P downgrade - UK

12/12/2014 - 08:50
Ratings agency Standard & Poor’s might downgrade Tesco’s credit rating after its latest profit warning, moving the British grocer closer to losing its investment-grade status.  read more
Troubled Tesco warns on profit again - UK

Troubled Tesco warns on profit again - UK

11/12/2014 - 09:54
London -British grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. read more
Camden Market goes for London listing - UK

Camden Market goes for London listing - UK

10/12/2014 - 10:39
London - The owner of London's Camden Market, a popular destination for young tourists buying retro clothing, is to list on the city's stock exchange this month and raise up to £100m. read more
M&S shoppers queue or order online - UK

M&S shoppers queue or order online - UK

09/12/2014 - 10:01
London - Marks & Spencer, Britain's biggest clothing retailer by sales admits that it has been forced to extend delivery times for online orders as a new distribution centre has struggled to cope with heavy Christmas demand. read more
Tesco shares rise after CEO takes helm - UK

Tesco shares rise after CEO takes helm - UK

04/12/2014 - 10:16
London - A decision by Tesco's new chief executive to personally take over the day-to-day running of the grocer's core British business as it heads into the key Christmas trading period was broadly welcomed as a pragmatic move by analysts on Tuesday. read more
SABMiller, Coca-Cola, GFI to create African bottler

SABMiller, Coca-Cola, GFI to create African bottler

28/11/2014 - 10:07
London — SABMiller, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9bn in revenue across 12 fast-growing markets. read more
First drop in UK grocery sales in 20 years - UK

First drop in UK grocery sales in 20 years - UK

19/11/2014 - 11:37
London - A price war, led by German-based discounters, has pushed Britain's grocery market into its first sales decline in 20 years, industry data showed on Tuesday.  read more
M&S names new finance chief - UK

M&S names new finance chief - UK

18/11/2014 - 10:06
London - British retailer Marks & Spencer on Monday named John Lewis' chief financial officer Helen Weir as its new finance head. read more
Sainsbury's to cut spending - UK

Sainsbury's to cut spending - UK

13/11/2014 - 11:40
London - British grocer Sainsbury's said on Wednesday it would cut costs and spending and accept lower profitability in order to bring down prices for customers to ward off rivals in an increasingly bitter British supermarket battle.  read more
Feedback Ferret teams up with Polish retail technology experts to launch voice of customer feedback solution

Feedback Ferret teams up with Polish retail technology experts to launch voice of customer feedback solution

12/11/2014 - 09:23
London - Following the signing of a new partnership agreement with retail technology experts, SmartLife, Feedback Ferret is gearing itself up to launch its customer feedback solution into the Polish retail market. read more
Asda partners with online performance marketing firm HookLogic - UK

Asda partners with online performance marketing firm HookLogic - UK

11/11/2014 - 09:20
London - Leading British retailer Asda has collaborated with ecommerce performance marketing company HookLogic to launch the company’s first venture into the European market.  read more
Sainsbury's aims to get more competitive - UK

Sainsbury's aims to get more competitive - UK

10/11/2014 - 09:31
London - Cutting costs, investment, prices, and dividends are likely to be among the initiatives announced by new Sainsbury's boss Mike Coupe on Wednesday, when he reveals his plan for coping with the toughest market conditions for decades. read more
Hope for women's clothing as M&S profits rise - UK

Hope for women's clothing as M&S profits rise - UK

06/11/2014 - 11:00
London - A glimmer of improvement in women's clothing helped British retailer Marks & Spencer to post its first rise in first-half profit for four years, though analysts said it is too soon to declare a turnaround after years of false dawns. read more
Moody's warns of junk status for Tesco - UK

Moody's warns of junk status for Tesco - UK

04/11/2014 - 09:16
London - Tesco could see its debt downgraded to "junk" status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's said, raising the prospect of higher financing costs for Britain's biggest grocer. read more
UK watchdog to probe Tesco errors - UK

UK watchdog to probe Tesco errors - UK

30/10/2014 - 09:17
London - Britain's Serious Fraud Office (SFO) is to launch a formal criminal probe into accounting errors at troubled supermarket Tesco, Sky News reported on Wednesday. read more
New Tesco boss gets R66m “golden hello” - UK

New Tesco boss gets R66m “golden hello” - UK

28/10/2014 - 10:42
London - Embattled British retailer Tesco Plc has handed its new boss Dave Lewis a potentially lucrative “golden hello”, awarding him options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.  read more
Tesco stems sales decline - UK

Tesco stems sales decline - UK

22/10/2014 - 10:33
London - Sales at Britain's Tesco, the market-leading grocer reeling from an accountancy scandal, fell 3.6 percent over the last 12 weeks, industry data showed on Tuesday.  read more
Jimmy Choo shines on market debut - UK

Jimmy Choo shines on market debut - UK

21/10/2014 - 10:40
London - Jimmy Choo inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe. read more
Tesco earnings hole may be less than thought - UK

Tesco earnings hole may be less than thought - UK

20/10/2014 - 10:09
London - The world's third largest retailer, Tesco, will state next week that it overestimated earnings by less than the £250m which it previously announced, Sky news reported on Saturday, citing an unnamed banking source. read more
Davies says economy urgently needs ‘structural change’

Davies says economy urgently needs ‘structural change’

15/10/2014 - 11:46
Trade and Industry Minister Rob Davies is blunt in his assessment that SA urgently needs "structural change in the economy". read more
Tesco suspends more employees - UK

Tesco suspends more employees - UK

15/10/2014 - 11:22
London - Britain's biggest retailer Tesco has removed another three employees from their jobs as it continues to probe a 250 million pounds (R4.4 billion) profit overstatement.  read more
Sainsbury's halves loyalty reward points - UK

Sainsbury's halves loyalty reward points - UK

15/10/2014 - 10:49
London - British supermarket Sainsbury's is to halve the number of Nectar reward points it gives holders of its loyalty card in the latest sign that an escalating price war is forcing grocers to re-evaluate the merits of shopper retention schemes. read more
Price cuts no quick cure for Tesco's ills - UK

Price cuts no quick cure for Tesco's ills - UK

10/10/2014 - 10:59
London - Cheaper meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share. read more
Yum China sees big sales recovery - UK

Yum China sees big sales recovery - UK

09/10/2014 - 12:05
London - Yum Brands said on Wednesday it expects China sales to bounce back strongly in 2015, but cautioned that it likely faces a bumpy, multi-month recovery from a recent supplier scandal that scared away diners in its most important market. read more
Tesco's £250m black hole raises questions - UK

Tesco's £250m black hole raises questions - UK

03/10/2014 - 10:09
London - "Things are always unnoticed, until they're noticed," Tesco chairperson Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a £250m sized hole in its first-half profits. read more
Sainsbury's cuts sales forecast - UK

Sainsbury's cuts sales forecast - UK

02/10/2014 - 10:02
London - Britain's J Sainsbury cut its full-year sales forecast and said it would assess its dividend policy as part of a strategic review after second-quarter sales fell sharply, adding to the turmoil in the grocery market. read more
Watchdog charges ex-Morrison treasurer - UK

Watchdog charges ex-Morrison treasurer - UK

30/09/2014 - 10:32
London - The former treasurer and head of tax at Wm Morrison Supermarkets, the country's No. 4 grocer, has been charged with insider dealing, Britain's Financial Conduct Authority (FCA) said on Monday. read more
Tesco bosses could face scrutiny over scandal - UK

Tesco bosses could face scrutiny over scandal - UK

30/09/2014 - 10:05
London - British lawmakers might want to grill top executives at Tesco about the overstatement of profits that has thrown the world's third-biggest retailer into turmoil, BBC radio reported on Thursday. read more
U.K. retailers seek more antitrust damages from MasterCard - U.K

U.K. retailers seek more antitrust damages from MasterCard - U.K

30/09/2014 - 09:52
London – A group of U.K. retailers led by W.M. Morrison Supermarkets plc is reportedly seeking to extend the period for which it can claim antitrust damages against MasterCard from 2006 to 1992. According to Bloomberg, this could add as much as $1.6 billion to the damages the retailers are seeking. read more
Tesco-style accounting risks well known - UK

Tesco-style accounting risks well known - UK

25/09/2014 - 09:04
London - Tesco's disclosure of huge accounting mistakes over contracts with its suppliers has shocked industry analysts and executives, but not because they did not realise the potential for disaster. read more
Tesco new finance chief to start sooner - UK

Tesco new finance chief to start sooner - UK

23/09/2014 - 11:02
London - Tesco, Britain's biggest grocer, said Alan Stewart, will join the firm as chief financial officer from Tuesday, rather than the previously announced date of December 1. read more
Tesco cuts profit outlook, suspends staff - UK

Tesco cuts profit outlook, suspends staff - UK

22/09/2014 - 14:00
London - Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its accounts, the latest blow of several to the reputation of Britain's biggest grocer. read more
UK markets swing towards Scottish ‘No’ - UK

UK markets swing towards Scottish ‘No’ - UK

19/09/2014 - 10:24
UK Markets were laying bets that Scots would vote “No” on independence yesterday, pushing the pound to a two-year peak against the euro and Scotland-based stocks higher in the final hours of polling. read more
Tesco wants to be UK's best-loved grocer again - UK

Tesco wants to be UK's best-loved grocer again - UK

15/09/2014 - 09:34
London - Standing with bags of groceries outside discount store Lidl in Thetford, Eastern England, Jodie McGloughlin explains why she turned her back on Britain's biggest retailer - its high prices. read more
Glenfiddich owner buys Drambuie - UK

Glenfiddich owner buys Drambuie - UK

10/09/2014 - 13:27
London - William Grant & Sons, the UK-based maker of Glenfiddich whisky and Hendrick's Gin, has acquired Drambuie for an undisclosed price, the company said on Monday. read more
Tesco boss to make management changes- UK

Tesco boss to make management changes- UK

08/09/2014 - 10:52
London - Dave Lewis, the new chief executive of Tesco, the world's third-largest retailer, said further management changes at the troubled British grocer were inevitable. read more
Tesco slashes profit forecast as trading slumps- UK

Tesco slashes profit forecast as trading slumps- UK

01/09/2014 - 11:06
London - Britain's biggest retailer Tesco cut its profit forecast for the third time in three years and slashed its interim dividend by 75% as tough operating conditions continued to ravage its business.  read more
Tesco sales worsen as UK grocery market slows- UK

Tesco sales worsen as UK grocery market slows- UK

28/08/2014 - 11:24
London - Incoming Tesco boss Dave Lewis was served a stark reminder of the challenge he faces to revive Britain's No.1 grocer on Wednesday, as industry data showed its sales decline had worsened, hurt by the weakest market growth in a decade.  read more
Elizabeth Arden posts biggest ever loss

Elizabeth Arden posts biggest ever loss

20/08/2014 - 10:22
London - Elizabeth Arden reported its biggest quarterly loss due to a steeper-than-expected fall in sales of celebrity perfumes, particularly the Justin Bieber and Taylor Swift brands, sending its shares plunging as much as 25%. read more