Edition:
United States

James Davey

ASOS shares bounce back as firm eyes 'huge' prize

Oct 17 2018

LONDON The potential for British online fashion retailer ASOS is "huge" as the shift to internet shopping accelerates, the company said on Wednesday, sending its shares soaring as it beat profit forecasts and flagged years of double-digit sales growth. | Video

UPDATE 3-ASOS shares bounce back as firm eyes 'huge' prize

Oct 17 2018

* CEO says ASOS wants to be much bigger than a 4 bln stg business

Sainsbury's-Asda deal gets boost as UK includes discounters in probe

Oct 16 2018

LONDON Britain's competition regulator will include German discounters Aldi and Lidl, and online giant Amazon, in its market probe of Sainsbury's proposed takeover of Asda, boosting the deal's chances of being approved without a big sale of stores.

UPDATE 2-Sainsbury's-Asda deal gets boost as UK includes discounters in probe

Oct 16 2018

* Regulator launched in-depth investigation of deal last month

UPDATE 3-Merlin's Legoland disappointment extends bad spell for shares

Oct 16 2018

* Shares fall as much as 8.4 pct (Adds detail, CEO, analyst comment, shares)

Tesco shares suffer as pressures abroad overshadow UK growth

Oct 03 2018

LONDON Tesco shares fell 8 percent after Britain's biggest retailer missed first-half profit forecasts as weak trading in Thailand and Poland eclipsed accelerating sales growth in its main UK business. | Video

No let up for rivals as Aldi UK raises stores target to 1,200

Oct 01 2018

LONDON The British arm of German discount supermarket Aldi aims to have 1,200 stores in Britain by the end of 2025 as it seeks to grab more market share from its bigger listed rivals.

UPDATE 3-No let up for rivals as Aldi UK raises stores target to 1,200

Oct 01 2018

* Aldi UK has 7.6 pct grocery market share (Recasts with CEO comment from briefing, analyst comment)

Britain to probe $5.2 billion 'rip-off' of telecoms, financial customers

Sep 28 2018

LONDON Telecoms and financial services companies face an investigation by Britain's competition regulator after consumer body Citizens Advice complained that customers who do not switch providers were being "ripped off" .

UK regulator highlights big overlap in Sainsbury's/Asda stores

Sep 27 2018

LONDON Britain's competition regulator has identified 463 local areas where Sainsbury's and takeover target Asda's stores overlap, threatening higher prices or a worse quality of service, it said on Thursday.

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