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WM Morrison's share price dropped today after it issued a disappointing set of full-year results, with like-for-like sales falling 2.8 per cent. Chairman Sir Ian Gibson admitted that the company had been slow to adapt to the changing UK grocery market. The supermarket chain guided to an underlying
Read more- FTSE 14 points lower - Supermarkets drag after Morrison's results - Chinese growth point to slowdown techMARK 2,804.40 -0.46% FTSE 100 6,608.61 -0.19% FTSE 250 16,261.58 -0.40% Stocks were being weighed down by the supermarket sector this morning, while concerns over a slowdown in Chinese growth
Read more- WM Morrison sinks after annual results and review - Supermarket stocks sink sharply - Chinese data misses forecasts, again - Home Retail impresses with full-year guidance techMARK 2,813.76 -0.12% FTSE 100 6,616.81 -0.06% FTSE 250 16,313.25 -0.08% UK markets opened broadly flat on Thursday as a r
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LONDON, March 13 (Reuters) - A sharp cut to the profit outlook of struggling retailer Wm Morrison sparked a major sell off in the shares of British retailers on Thursday, wiping billions of pounds off the value of the sector. Shares in Morrisons fell 10 percent, while rival Sainsbury's fel
Read more* Tesco market share falls to 10-year low of 28.7 pct * CEO doesn't expect to be in top job as long as predecessor * Clarke declines comment on future of CFO * Tesco cuts prices, revamps stores * Shares down 0.4 percent, not far from 16-month low By Emma ThomassonRead more
UBS has downgraded its rating for N Brown, the online and catalogue home shopping group, from 'neutral' to 'sell', raising concerns with competition from some well-known High Street names. The bank said that N Brown has to "continually improve the fashionability of its clothing offer to appeal to a
Read moreLONDON, March 12 (Reuters) - Tesco Chief Executive Philip Clarke only expects to do the job for "a few years" although he does not feel any personal pressure from investors despite the market share of Britain's biggest retailer falling to a decade low. Tesco, the world's third-largest retai
Read moreLondonMetric Property has agreed to buy Marks & Spencer (M&S) Distribution Centre in Sheffield from CBRE Global Investors for 32.2m pounds. The purchase price reflects a net initial yield of 7.6% and will be funded from the UK property group's existing resources. The distribution centre comprises
Read moreThe situation in Crimea does not pose a risk to Britain´s energy security as natural gas is imported from Norway. Also, power providers hedge their supplies 18 months in advance. Hence, there would be no excuse for them to raise prices on consumers. However, Ed Davey also told the BBC that an escala
Read more* Gap Inc to open 35 stores in China this year * Targets price-conscious shoppers with Old Navy brand * Will invest to boost online fans, lags rivals * China No. 1 growth vehicle for Gap - China head By Adam Jourdan SHANGHAI, March 1 (Reuters) - When Gap Inc began an
Read more* Gap Inc to open 35 stores in China this year * Targets price-conscious shoppers with Old Navy brand * Will invest to boost online fans, lags rivals * China No. 1 growth vehicle for Gap - China head By Adam Jourdan SHANGHAI, March 1 (Reuters) - When Gap Inc began an
Read more* CEO wants UK turnaround plan to move faster * CEO effectively abandons UK operating margin target of 5.2 pct * CFO says firm does not want to give "false sense of precision" * Plans to invest additional 200 mln stg on UK price cuts * Tesco shares close up 0.5 pct B
Read moreLONDON, Feb 25 (Reuters) - Britain's Tesco, the world's No. 3 retailer, is to accelerate a turnaround plan for its key home market, stepping-up the pace of large store revamps, growth in online and convenience channels and price cuts. In a statement published ahead of an investor and analys
Read more* Q4 like-for-like sales, ex fuel and VAT, down 0.1 pct * CEO notes huge regional variations in consumer demand * Does not expect situation to change much in 2014 By James Davey LONDON, Feb 20 (Reuters) - Britain's economic recovery is fragile, with huge regional variation
Read moreSports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
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