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Reuters - 5 hours ago

UK grocery inflation falls to 1.6%, says Kantar

UK grocery inflation falls to 1.6%, says Kantar Grocery inflation at lowest level since Sept 2021, Kantar says Take-home sales up 2.2% over four weeks to July 7 By James Davey LONDON, July 16 (Reuters) - UK grocery inflation has slowed this month to its lowest level since September 2021, coinciding with the fastest rise in monthly supermarket shopper numbers so far this year, industry data showed on Tuesday.
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Reuters - 6 hours ago

Discounter B&M blames wet weather for drop in like-for-like UK sales

UPDATE 3-Discounter B&M blames wet weather for drop in like-for-like UK sales B&M UK LfL revenue down 5.1% in Q1 Total revenue grew 2.4% in quarter Shares reverse earlier losses to trade 3% higher Adds CEO comment from analyst call in paragraphs 2&3; updates shares in paragraph 4 By Yadarisa Shabong July 16 (Reuters) - British discount retailer B&M BMEB.L reported on Tuesday lower like-for-like revenue in its UK business in the first quarter of fiscal 2025, saying wet weather curbed demand for s
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Reuters - 4 days ago

English pubs and shops gear up for Euro 2024 final bonanza

RPT-UPDATE 1-English pubs and shops gear up for Euro 2024 final bonanza Repeats with no changes to text By James Davey and Radhika Anilkumar LONDON, July 12 (Reuters) - English pubs, supermarkets and restaurants are set for a weekend bonanza as fans prepare to tune in to watch England play Spain in the final of the Euro 2024 soccer championship in Germany and before that the Wimbledon tennis men's singles final in London.
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Reuters - 4 days ago

English pubs and shops gear up for Euro 2024 final bonanza

UPDATE 1-English pubs and shops gear up for Euro 2024 final bonanza Adds comment from bookmaker William Hill in paragraph 7, Spanish pubs in 10 and Wetherspoons in 18 By James Davey and Radhika Anilkumar LONDON, July 12 (Reuters) - English pubs, supermarkets and restaurants are set for a weekend bonanza as fans prepare to tune in to watch England play Spain in the final of the Euro 2024 soccer championship in Germany and before that the Wimbledon tennis men's singles final in London.
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Reuters - 4 days ago

UK Stocks-Factors to watch on July 12

UPDATE 1-UK Stocks-Factors to watch on July 12 Adds new items, updates futures July 12 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .5%. * ASHMORE: British fund manager Ashmore ASHM.L reported a further $2 billion of quarterly net outflows of client cash, as investors continued to shun the specialist firm's emerging markets funds.
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Reuters - 4 days ago

English pubs and shops gear up for Euro 2024 final bonanza

English pubs and shops gear up for Euro 2024 final bonanza By James Davey and Radhika Anilkumar LONDON, July 12 (Reuters) - English pubs, supermarkets and restaurants are set for a weekend bonanza as fans prepare to tune in to watch England play Spain in the final of the Euro 2024 soccer championship in Germany and before that the Wimbledon tennis men's singles final in London.
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Reuters - 5 days ago

Amazon could face probe over treatment of UK grocery suppliers, watchdog says

Amazon could face probe over treatment of UK grocery suppliers, watchdog says Amazon fares poorly on supplier survey, says industry regulator Amazon told to take 'swift action' to comply with industry code Regulator says won't hesitate to launch formal investigation Amazon says disappointed, pledges improvement By James Davey LONDON, July 11 (Reuters) - Britain's grocery regulator on Thursday threatened Amazon AMZN.O with a formal investigation if it does not improve its compliance with an indus
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Reuters - 1 week ago

Big Beer’s low-alcohol Plan B has too much froth

RPT-BREAKINGVIEWS-Big Beer’s low-alcohol Plan B has too much froth The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, July 9 (Reuters Breakingviews) - Big brewers are talking a good game on zero-alcohol beer. Carlsberg CARLb.CO , Heineken HEIN.AS , Anheuser-Busch InBev ABI.BR , Molson Coors TAP.N and Japan’s Asahi 2502.T are expanding into low and no alcohol products, targeting an increasingly health-conscious consumer and the Gen
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Reuters - 1 week ago

Big Beer’s low-alcohol Plan B has too much froth

BREAKINGVIEWS-Big Beer’s low-alcohol Plan B has too much froth The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, July 9 (Reuters Breakingviews) - Big brewers are talking a good game on zero-alcohol beer. Carlsberg CARLb.CO , Heineken HEIN.AS , Anheuser-Busch InBev ABI.BR , Molson Coors TAP.N and Japan’s Asahi 2502.T are expanding into low and no alcohol products, targeting an increasingly health-conscious consumer and the Gen Z ge
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Reuters - 2 weeks ago

UK's Sainsbury's sales up 3%, poor weather dents non-food demand 

UPDATE 3-UK's Sainsbury's sales up 3%, poor weather dents non-food demand  Adds shares in paragraph 4, detail and story link paragraph 8 Q1 like-for-like sales, excluding fuel, up 3.0% Grocery sales up 4.8% General merchandise and clothing sales down 4.3% Argos sales down 6.2% Maintains full year profit guidance By James Davey LONDON, July 2 (Reuters) - Sainsbury's, Britain's second - largest supermarket group, reported a 3% rise in first-quarter underlying sales on Tuesday, al though weather-r
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Reuters - 3 weeks ago

UK supermarket Asda returned to profit in 2023

UK supermarket Asda returned to profit in 2023 Made pretax profit of 180 mln pounds in 2023 Industry data shows Asda losing market share By James Davey LONDON, June 28 (Reuters) - Asda, the British supermarket group which is 10% owned by U.S. giant Walmart, said on Friday it returned to a pretax profit in its 2023 financial year, even though it lost market share to rivals over the period.
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Reuters - 3 weeks ago

UK firms reassured by Labour's employment law proposals

ANALYSIS-UK firms reassured by Labour's employment law proposals Labour's engagement with firms has eased initial concerns in business Labour plans to update employment laws and consult stakeholders Some unions disappointed with softening of planned protections By James Davey, Elizabeth Piper LONDON, June 28 (Reuters) - When Keir Starmer's Labour pulled ahead in the polls in 2023, British business leaders started to fret that, if elected, the opposition party would impose strict laws around hiri
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Reuters - 3 weeks ago

UK grocery sales growth slows in June as wet weather weighs, says NIQ

UK grocery sales growth slows in June as wet weather weighs, says NIQ UK supermarket sales up 1.1% in 4 weeks to June 15 -NIQ Same period last year benefited from heatwave, high inflation Ocado again the fastest growing grocer Asda remains the industry laggard By James Davey LONDON, June 27 (Reuters) - Sales growth at British supermarkets slowed in June, reflecting wet weather, strength in sales last year and lower food inflation, industry data showed on Thursday.
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Reuters - 3 weeks ago

UK supermarket Morrisons says work on pricing and loyalty paying off

UPDATE 2-UK supermarket Morrisons says work on pricing and loyalty paying off New CEO Rami Baitieh joined in November Q1 like-for-like sales, ex-fuel/ex-VAT, up 4.1% H1 underlying EBITDA, excluding fuel business, up 16% Net debt reduced to 4 billion pounds Adds detail paragraphs 4 to 6 and paragraphs 9 to 11 By James Davey LONDON, June 25 (Reuters) - British supermarket group Morrisons said on Tuesday its new CEO's strategy to improve price competitiveness and develop a loyalty programme was wor
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Reuters - 4 weeks ago

M&C Saatchi names Simon Fuller as CFO

UPDATE 1-M&C Saatchi names Simon Fuller as CFO Adds details on new CFO in paragraph 3, sector context in paragraph 4 and earnings details in paragraph 5 June 21 (Reuters) - British advertising group M&C Saatchi SAA.L said on Friday Simon Fuller had been appointed as its next chief financial officer, effective July 1. Fuller replaces Bruce Marson, who will revert to the position of deputy CFO, the company said in a statement.
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Reuters - 4 weeks ago

UK retail sales rebound in May but shoppers still cautious

UPDATE 2-UK retail sales rebound in May but shoppers still cautious Recasts lead, adds quote in paragraphs 6-9, detail throughout By Suban Abdulla LONDON, June 21 (Reuters) - British retail sales jumped sharply last month after heavy rain kept shoppers away in April, official figures showed on Friday, in a minor boost for Prime Minister Rishi Sunak ahead of the July 4 election.
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Reuters - 4 weeks ago

NatWest swoops on retailer Sainsbury's banking business

UPDATE 2-NatWest swoops on retailer Sainsbury's banking business Adds share price reaction, Sainsbury CEO quote and deal detail from paragraph 6 By Sinead Cruise and Sarah Young LONDON, June 20 (Reuters) - NatWest NWG.L has struck a deal to acquire most of the banking business of UK retailer Sainsbury's SBRY.L , the companies said on Thursday, in a deal that would increase the British lender's assets by 2.5 billion pounds ($3.2 billion).
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Reuters - 4 weeks ago

UK grocery inflation edges lower again ahead of election, Kantar says

UK grocery inflation edges lower again ahead of election, Kantar says Kantar: Grocery inflation at 2.1% in 4 weeks to June 9 Take-home sales up 1.0%, slowest increase since June 2022 Outcome reflects poor UK weather Consumers shun suncare items and salads, buy soup By James Davey LONDON, June 18 (Reuters) - UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of next month's election.
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Reuters - 4 weeks ago

Kingfisher taps British Land's Mistry as next CFO

UPDATE 2-Kingfisher taps British Land's Mistry as next CFO Adds timing in paragraph 2, detail on Mistry in paragraphs 3 and 4 June 17 (Reuters) - Home improvement retailer Kingfisher Plc KGF.L on Monday named British Land BLND.L finance chief Bhavesh Mistry as its next CFO to replace Bernard Bot who will retire. British Land in a separate statement said that Mistry has a 12-month notice period and a date for his departure will be agreed.
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Reuters - 1 month ago

Tesco chairman says 'no difficulty' defending CEO's $13 mln pay package

UPDATE 1-Tesco chairman says 'no difficulty' defending CEO's $13 mln pay package Recasts with chairman comments at annual meeting By James Davey LONDON, June 14 (Reuters) - The chairman of Tesco TSCO.L told investors on Friday he had "no difficulty" defending the near 10 million pound ($13 million) pay package of the British supermarket group's CEO as it had to be competitive in the global market for top talent.
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