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LONDON, Oct 19 (Reuters) - Britain's biggest retailer Tesco will on Tuesday open its first checkout-free store in central London, allowing customers to shop and pay without scanning a product or interacting with a cashier.Tesco's move follows simi...
Read more(Adds detail)LONDON, Oct 18 (Reuters) - Tesco, Britain's biggest retailer, has started a programme to buy back shares with a value of up to 500 million pounds ($686 million), it said on Monday.The group had said when it published half year results...
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(Sharecast News) - Tax law experts claim that British taxpayers will end up subsidising US private equity outfit Clayton Dubilier & Rice's $7bn takeover of Morrisons. On Saturday, MPs and tax campaigners said the deal "stinks" and will probably see the grocer pay less in taxes to the Exchequer. According to Richard Murphy, of Sheffield University Management School: "If CD&R put the debt on to Morrisons to buy it, then the profits are reduced due to the interest payments sent offshore. The Government will be subsidising this if there is debt involved. Is that a good use of taxpayer money?" - Financial Mail on Sunday
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UK shareholder meetings calendar - next 7 days
Read moreIN BRIEF: McColl's opens 100th Morrisons Daily store ahead of schedule
Read moreTOP NEWS: UK grocery sales take hit as petrol pumps run dry - Kantar
Read more(Adds table) By James Davey LONDON, Oct 12 (Reuters) - British grocery prices increased 1.7% in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring ene...
Read moreBy James DaveyLONDON, Oct 12 (Reuters) - British grocery prices increased 1.7% in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring energy bills.With inflationa...
Read more(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
Read moreLONDON MARKET CLOSE: Stocks sink as gas price rise fans inflation fear
Read moreLONDON, Oct 6 (Reuters) - The decision by Tesco, Britain's biggest retailer, to launch an ongoing share buyback programme is not a defensive move to ward off a private equity bid, its boss said on Wednesday.Morrisons, Britain's fourth largest supe...
Read moreLONDON BRIEFING: Tesco sales beat expectations; conducts share buyback
Read more* First-half core retail profit up 16.6%* Forecasts full-year retail profit of 2.5-2.6 bln stg* Launches 500 mln stg share buyback* Shares rise 5% (Adds details, shares)By James DaveyLONDON, Oct 6 (Reuters) - Tesco, Britain's biggest retailer, rais...
Read more* First-half core retail profit up 16.6%* Forecasts full-year retail profit of 2.5-2.6 bln stg* Launches 500 mln stg share buyback* Says buyback not designed to ward off bid* Shares rise 4.4% (Adds CEO comments)By James DaveyLONDON, Oct 6 (Reuters) ...
Read more* First half core retail profit up 16.6%* Forecasts full year retail profit of 2.5-2.6 bln stg* Launches 500 mln stg share buyback (Adds details)By James DaveyLONDON, Oct 6 (Reuters) - Tesco, Britain's biggest retailer, raised its full-year outlook...
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