Retail Sector News

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  • Tesco Full-Year Profit Slumps 6% To £3.3bn

    Tesco (Xetra: TCO.DE - news) has reported a 6% fall in full-year group trading profit of £3.3bn. The results do not include figures for Tesco Bank, which reports separately. Tesco's market share hit a 10-year low of 28.6% - its lowest since 2004 - in the 12 weeks to March 30 compared with the same period the year before, …

  • FTSE closes up 42.56 points at 6,584.17; UK unemployment data drops to 6.9 per cent; US industrial production rises more than expected

  • 1448: International Consolidated Airlines gained as HSBC Holdings upgraded the parent of British Airways to 'overweight' from 'neutral', saying it sees strong earnings momentum in 2014 and 2015. The broker ...

  • European stocks rebound to end higher

    Brokers monitor market movements at the BGC Partners firm in London, on August 5, 2011

  • Britain's benchmark stock index rose on Wednesday after Chinese economic data came in a touch above forecasts, with Tesco rising on aggressive strategy plans and Sports Direct surging on a bullish note ...

  • Retailers were on shopping lists today, helped by a strong performance from sector heavyweight Tesco.

  • European stocks rebound to end higher

    Brokers monitor market movements at the BGC Partners firm in London, on August 5, 2011

  • Shares in Sports Direct and International Airlines Group boosted by positive broker comment

  • Tesco PLC (LON:TSCO) may have failed in the US, but its Asian operations deserve much more respect.

  • The former Executive Chairman of JJB, Sir David Jones, was on Wednesday accused of taking out loans worth three million pounds, including one from Sports Direct's Mike Ashley.

  • * CEO Clarke says will see through his plan after calls to quit LONDON, April 16 (Reuters) - Tesco (Xetra: TCO.DE - news) boss Philip Clarke (Toronto: CKI.TO - news) vowed to win back shoppers with millions of pounds of price cuts after a second year of falling profits cast doubt on his efforts to turn around the fortunes …

  • Once every three years The FTSE 100 (INDEXFTSE:UKX) presents an outstanding buying opportunity.

  • European stocks rebound AFP - 13 hours ago
    European stocks rebound to end higher

    Brokers monitor market movements at the BGC Partners firm in London, on August 5, 2011

  • Britain's benchmark stock index edged up on Wednesday after Chinese growth data came in a touch above forecasts, while results lifted Tesco (Xetra: TCO.DE - news) shares and a positive broker note boosted Sports Direct. The sportswear retailer surged 5.8 percent to the lead FTSE 100's gainers, with traders citing a bullish …

  • * Euro STOXX 50 up 1 pct, moves back above 50-day moving average Shares in Tesco (Xetra: TCO.DE - news) , the world's No.3 retailer, gained 1.7 percent, bouncing after a 15 percent slide in two months as traders said a fall in profits reported by the group was not as steep as some had feared. French utilities Veolia Environnement …

  • A pedestrian passes a Tesco shop in London, Wednesday, April 16, 2014. Britain's largest retailer's pre-tax profits have fallen 6.9 percent. Tesco group's annual profits have fallen for the second year in succession. (AP Photo/Kirsty Wigglesworth)

    Acceleration of sales decline in the UK and profit slump abroad puts pressure on Tesco chief executive Philip Clarke

  • Shares in Tesco (Xetra: TCO.DE - news) , the world's No.3 retailer, rebound after recent steep declines on results which traders say are better than feared. A 1.7 percent rise from Tesco gives one of the biggest lifts to Britain's FTSE 100 index in brisk trade at three quarters of the 90-day daily average against the UK …

  • Sportswear retailer Sports Direct (Frankfurt: A0MK5S - news) sprints up to the top of the FTSE 100's leaderboard, which traders attribute to a bullish analyst note on the stock issued by Bank of America Merrill Lynch (BofA-ML) on Wednesday. The U.S. investment bank sticks a "buy" rating on Sports Direct and expects solid …

  • Although it's having a tough time at present, Tesco PLC (LON: TSCO) could come good. Here's why.

  • Tesco, Hargreaves, Burberry and Persimmon rise after updates; Momentum shares bounce back after recent falls; Chinese data mixed, growth slows; Global economic data in focus today.

  • China grows more than expected; Eurozone inflation data due; UK jobs data to be released

  • Tesco seeks Asia pick-up after fresh profit setback

    Supermarket giant Tesco announced a second drop in annual profits in a row, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.

  • Sales flat, trading profit down 6.7 per cent; Earnings down 7.3 per cent; Final dividend maintained at 10.13p

  • Tesco PLC (LON: TSCO) profit declines but by less than the 10% expected.

  • Britain's FTSE advances as Tesco rallies Reuters - UK Focus - 17 hours ago

    * Tesco (Xetra: TCO.DE - news) bounces back after results LONDON, April 16 (Reuters) - Britain's top share index rebounded on Wednesday as investors welcomed Chinese growth data that came in a touch above forecasts, with Tesco among the top risers on results which were better than feared. China's economy grew at its slowest …

  • European shares rose early on Wednesday, reversing the previous session's losses as data showed economic growth in China a touch above forecasts, while gains in Tesco also lifted markets. Shares in the ...

  • Pay rose to 1.7pc in February, level pegging with inflation, as the unemployment rates dropped below 7pc for the first time in four years.

  • UK stocks are set to recover some of its recent losses this morning, as investors track gains in the US and Asia amid a raft of company releases.

  • Tesco profits decline for second year in a row as Britain's biggest retailer struggles to turn around performance

  • Tesco profits decline for second year in a row as Britain's biggest retailer struggles to turn around performance

  • Tesco profits drop 6%, eyes Asian growth to offset Europe woes

    Supermarket group Tesco, Britain's biggest retailer, on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall

  • Tesco profits drop 6%, eyes Asian growth to offset Europe woes

    Supermarket group Tesco, Britain's biggest retailer, on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall

  • European shares bounce back as Tesco advances Reuters - UK Focus - 18 hours ago

    European shares advanced on Wednesday to bounce back from the previous session's losses after China reported economic growth a touch above forecasts, while a rise in retailer Tesco (Xetra: TCO.DE - news) also lifted markets. The euro zone's blue-chip Euro STOXX 50 index also rose 1 percent, to 3,122.50 points. A 4 percent …

  • Tesco profits drop 6%, eyes Asian growth to offset Europe woes

    Supermarket group Tesco on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall

  • The Rev Paul Flowers is taking overseas trips to Amsterdam and South Africa before embarking on a post-Co-op career dedicated to community work.

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