Tesco is bringing its F&F clothing business to the US, just seven months after selling its loss-making US supermarket division Fresh & Easy.
The UK retailer announced it would open seven stores on the east coast this year with US franchise partner Retail Group of America.
The group will start in B
Sainsbury was a strong riser as it recovered from last week's news that it had lost some of its market share to the likes of discount stores Lidl and Aldi.
Sector peer Tesco was also making decent gains after it was reported the company is planning to launch its F&F range in the US.
Other stocks
LONDON, April 14 (Reuters) - Britain's biggest retailer
Tesco is to return to the United States with its F&F
clothing business only seven months after offloading its
loss-making U.S. supermarkets operation Fresh & Easy. Tesco, the world's third-largest retailer, said it would
open seven sto
Consumer staples and non-cyclical stocks were benefiting from a reduction in risk appetite in London on Monday, as investors sought out more defensive assets.
Tobacco and beverage stocks, supermarket chains and food producers were among the best performers of the day.
Defensives are stocks that te
Investec has kept a 'reduce' rating on Glencore Xstrata but said that the 5.85bn-dollar sale price of its Las Bambas copper project in Peru was ahead of its 5.5bn-dollar forecast.
"Until the transaction is finalised, we would expect Glencore Xstrata to be cautious on advancing new significant trans
'Sell' shares of Tesco ahead of the supermarket giant's annual results on Wednesday, according to Shore Capital, which expects a sharp fall in profits.
The broker expects Tesco to report a 19% decline in earnings in the year ended February 2014 and estimates an unchanged full-year dividend payout o
* Firms struggle to pass on higher costs to retailers * 4 in 5 garment makers now operating at loss - Simco
chairman * Less money for safety work demanded after Rana Plaza * Bangladesh exports falter as customers buy elsewhere By Serajul Quadir DHAKA, April 14 (Reute
Lloyds Banking Group is planning to begin the sale of its TSB division in mid-May despite recent market ructions, the Sunday Telegraph said. The initial public offering would see TSB listed on the stock exchange by the end of May. Some investors are questioning the value of 1.5bn to 2bn pounds place
LONDON (Alliance News) - Britain's biggest supermarket chain Tesco PLC is working on a new high-street food chain store format, focused on the London market, according to The Guardian Friday, which would compete with popular take-away food chains like Pret à Manger, Eat and Greggs PLC. Anal
- Tech, internet stocks weigh on markets
- Nasdaq sees sharpest fall since late 2011
- JPMorgan, Wells Fargo in focus this afternoon
- Airlines sold off after Heathrow traffic stats
techMARK 2,668.68 -1.87%
FTSE 100 6,563.60 -1.18%
FTSE 250 15,888.60 -1.61%
UK stocks fell over one per cent on Frid
- US, Asian weakness flows into UK stocks
- Tech stocks hit hard in early trading
- Supermarkets edge higher early on
techMARK 2,679.00 -1.49%
FTSE 100 6,594.42 -0.72%
FTSE 250 15,946.60 -1.25%
There were just a handful of risers on the FTSE 100 on Friday morning as stocks dropped sharply, trackin
Former Tesco directors fear Chief Executive Philip Clarke may be driving the business in the 'wrong direction', according to The Times on Friday.
The directors are said to be "dismayed and angry" at the cull of senior talent at the retailer, including outgoing Finance Director Laurie McIlwee, and t