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Reuters - 1 week ago

UK grocery sales growth slows as consumers wait for Christmas and Black Friday, says NIQ

UK grocery sales growth slows as consumers wait for Christmas and Black Friday, says NIQ UK supermarket sales up 4.0% in four weeks to Nov 2 - NIQ Says UK has a 'polarised consumer' Ocado, Lidl and M&S are fastest growing grocers Asda is the laggard LONDON, Nov 13 (Reuters) - British grocery sales growth slowed over the last month as shoppers held back spending in anticipation of upcoming Christmas festivities and Black Friday promotions, industry data showed on Wednesday.
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Reuters - 1 week ago

CORRECTED UK grocery inflation higher again as countdown to Christmas begins

CORRECTED (OFFICIAL)-UPDATE 2-UK grocery inflation higher again as countdown to Christmas begins Corrects second bullet point and paragraph 6 after Kantar corrected its release to state UK grocery sales rose 2.3% over the four weeks to Nov. 3, not 2.0% Grocery inflation 2.3% in four weeks to Nov. 3, says Kantar UK grocery sales up 2.3% in period Some consumers starting Christmas shopping early Ocado and Lidl are fastest growing UK grocers Asda remains the laggard By James Davey LONDON, Nov 12 (R
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Reuters - 1 week ago

UK grocery inflation edges higher again, says Kantar

UK grocery inflation edges higher again, says Kantar LONDON, Nov 12 (Reuters) - British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher again, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in the previous four-week period .
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Reuters - 2 weeks ago

M&S turnaround gathers traction with first-half profit beat

UPDATE 3-M&S turnaround gathers traction with first-half profit beat H1 profit before tax and adjusting items up 17.2% Food sales up 8.1%, clothing and home sales up 4.7% Trading in H2 so far 'remains on track' Confident of 'further progress' in remainder of year Shares up 6% to over eight-year high Adds shares in paragraph 3, investor comment 7 and 8, CEO comments 9, 10 By James Davey LONDON, Nov 6 (Reuters) - British retailer Marks & Spencer forecast strong Christmas trading after reporting a
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Reuters - 3 weeks ago

UK Stocks-Factors to watch on Oct 31

UPDATE 1-UK Stocks-Factors to watch on Oct 31 Adds new items, updates futures Oct 31 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.35%. * SHELL: Shell SHEL.L reported third quarter profits of $6 billion that exceeded forecasts by 12% as weaker oil refining and trading results were offset by higher LNG sales.
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Reuters - 3 weeks ago

Ocado names technology veteran Warby as chair

UPDATE 1-Ocado names technology veteran Warby as chair Adds detail paragraphs 3 to 5 LONDON, Oct 31 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, on Thursday named Adam Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite. Warby is a veteran of the technology sector. He is currently chair of NASDAQ-listed advisory group Heidrick & Struggles International HSII.O and is a previous chair of Swiss software firm SoftwareOne Holding.
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Reuters - 3 weeks ago

Ocado names Adam Warby as new chair

Ocado names Adam Warby as new chair LONDON, Oct 31 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, on Thursday named Adam Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite. Warby is a veteran of the technology sector. He is currently chair of NASDAQ-listed advisory group Heidrick & Struggles International HSII.O and is a previous chair of Swiss software firm SoftwareOne Holding.
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Reuters - 3 weeks ago

UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief

BUZZ-UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief ** Shares in UK retailers .FTNMX404010 and supermarkets gain as finance minister Rachel Reeves presents maiden budget ** Retailers index up 1.57% vs. up 0.07% before budget at 1230 GMT ** Government provides 40% relief on business rates for retail, hospitality
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Reuters - 4 weeks ago

British Business - Oct. 22

PRESS DIGEST-British Business - Oct. 22 Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British engineering company Ricardo RCDO.L said it is divesting its defence business as part of a five-year strategic shift to become an "engineering consultancy in environmental and energy transition".
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Reuters - 1 month ago

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

UPDATE 1-Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Adds details from report in paragraph 2, Ocado's reply in paragraph 3 Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday.
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Reuters - 1 month ago

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday. Warby currently serves as the chair of executive search firm Heidrick & Struggles HSII.O and as a senior advisor to KKR, a U.S.-based investment firm.
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Reuters - 1 month ago

Ocado Group Lines Up Ex-Microsoft Exec Adam Warby As Next Chairman- Sky News

BRIEF-Ocado Group Lines Up Ex-Microsoft Exec Adam Warby As Next Chairman- Sky News Oct 21 (Reuters) - OCADO GROUP LINES UP EX-MICROSOFT EXEC ADAM WARBY AS NEXT CHAIRMAN- SKY NEWS Source: https://tinyurl.com/zz4kusye
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Reuters - 1 month ago

UK supermarket sales growth picks up as consumers start Christmas shopping

UK supermarket sales growth picks up as consumers start Christmas shopping UK supermarket sales up 4.7% in four weeks to Oct. 5 -NIQ Households spreading cost of Christmas General merchandise sales return to growth Ocado and M&S are fastest growing grocers Asda remains the laggard By James Davey LONDON, Oct 16 (Reuters) - Sales growth at British supermarkets picked-up over the last month, helped by consumers starting to make purchases for Christmas, industry data showed on Wednesday.
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Reuters - 1 month ago

Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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Reuters - 2 months ago

UK grocery inflation edges higher, says Kantar

UPDATE 1-UK grocery inflation edges higher, says Kantar UK grocery inflation was 2.0% in four weeks to Sept. 29 -Kantar Grocery sales up 2.0% over four week period year-on-year Ocado and Lidl are fastest growing grocers Tesco market share hits 28%, highest since 2017 Adds table, detail in paragraphs 10 to 12 By James Davey LONDON, Oct 8 (Reuters) - British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher, industry data showed on Tuesday.
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Reuters - 2 months ago

UK grocery inflation edges higher, says Kantar

CORRECTED (OFFICIAL)-UK grocery inflation edges higher, says Kantar Corrects paragraph 7 after Kantar corrected its release to state Tesco achieved its largest share since December 2017, not its largest annual share gain this period since December 2017 LONDON, Oct 8 (Reuters) - British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher, industry data showed on Tuesday.
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Reuters - 2 months ago

Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Reuters - 2 months ago

UK stocks end higher after BoE keeps rates on hold

UPDATE 2-UK stocks end higher after BoE keeps rates on hold For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.9%, FTSE 250 addds 1.6% BoE keeps rates on hold, maintains pace of QT Sterling hits highest since march 2022 versus dollar Ocado Retail lifts revenue outlook S4 Capital hit by tougher revenue outlook, shares slip Updated at 1540 GMT By Khushi Singh and Lisa Pauline Mattackal Sept 19 (Reuters) - The UK's benchmark stoc
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Reuters - 2 months ago

Miners do heavy lifting as STOXX rises ahead of BOE

LIVE MARKETS-Miners do heavy lifting as STOXX rises ahead of BOE STOXX 600 up 0.9% Fed cuts by 50 bps, eyes on BoE Ocado top index after results Miners surge 3%, utilities down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com MINERS DO HEAVY LIFTING AS STOXX RISES AHEAD OF BOE The STOXX 600 .STOXX is up 1% as markets digest the first rate cut in four years from the U.S's Federal R
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Reuters - 2 months ago

European shares advance as global markets cheer Fed's outsized rate cut

UPDATE 2-European shares advance as global markets cheer Fed's outsized rate cut For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Germany's DAX clocks record closing high Poland's Allegro slides after Q2 results Bank of England, Norway's c.bank hold rates steady STOXX 600 up 1.4% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 19 (Reuters) - European stocks jumped on Thursday after the U.S.
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