Edition:
United States

James Davey

Ocado upbeat on 2019 prospects after transformative year

Dec 13 2018

LONDON British online grocer Ocado saw sales growth edge higher over the last three months, forecast a strong Christmas and said it was confident about prospects for 2019, sending its shares higher.

UPDATE 2-Ocado upbeat on 2019 prospects after transformative year

Dec 13 2018

* Shares up 141 pct year-on-year (Adds detail, CFO, analyst comment, shares)

Sainsbury's-Asda challenge regulator over deal probe

Dec 12 2018

LONDON Sainsbury's and Asda, the British supermarket groups that want to combine their businesses, will challenge a refusal by the regulator probing their 7.3 billion pound ($9.2 billion) deal to give them longer to respond to the latest evidence.

Dixons Carphone cuts dividend after profit slump

Dec 12 2018

LONDON Britain's Dixons Carphone cut its dividend and warned its turnaround plan would take time after slumping to a 440 million pound first half loss, sending its shares sharply lower.

UPDATE 3-UK's Dixons Carphone cuts dividend after profit slump

Dec 12 2018

* Shares fall as much as 17 pct (Adds detail, CEO comment, updates shares)

Turnaround specialist Justin King rejoins M&S as non-executive director

Dec 11 2018

LONDON British clothing and food retailer Marks & Spencer has hired Justin King, the former boss of supermarket chain Sainsbury's , as a non-executive director, adding another big-name industry veteran to its board.

Former Tesco directors cleared of fraud over 2014 accounting scandal

Dec 06 2018

LONDON Two former directors of Tesco have been acquitted of fraud and false accounting at Britain's biggest retailer after a 2014 scandal, dealing a major blow to the UK Serious Fraud Office.

After grim year, UK retailers hope for Black Friday tonic

Nov 23 2018

LONDON Britain's retailers are hoping Black Friday discounts will get shoppers spending again after a torrid year for much of the sector.

After grim year, UK retailers hope for Black Friday tonic

Nov 22 2018

* Official data showed UK retail sales growth slowed in October

UK's Mothercare shrinks to survive as losses widen

Nov 22 2018

LONDON Struggling British baby products retailer Mothercare said it would trade from fewer than 80 UK stores by April next year as it shrinks its portfolio as part of a plan to stay in business.

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