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LONDON: Sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit weighed on consumers, a survey showed.
Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation.
LONDON: Tesco, Britain’s biggest retailer, said sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather, sending its shares lower yesterday.
LONDON: Tesco Plc started the financial year on a downbeat note as the U.K.’s largest retailer said sales were held back by the political turmoil over the country’s plan to leave the European Union.
NEW YORK: Walmart Inc has confirmed it’s mulling an initial public offering (IPO) for its Asda unit after UK antitrust regulators blocked a planned merger with rival J Sainsbury Plc.
London: J Sainsbury Plc took a £46mil (US$60mil) hit on its failed deal to acquire Walmart Inc’s Asda and vowed to invest in improving its stores as it prepares to fight the UK’s supermarket wars alone.
LONDON: Sainsbury’s was alone among Britain’s big four supermarket groups in seeing sales fall in the 12 weeks to April 21, industry data showed yesterday.
LONDON: Britain’s competition regulator yesterday blocked Sainsbury’s proposed £7.3bil (US$9.4bil) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
LONDON: Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
LONDON: Tesco Plc, the UK’s largest retailer, maintained its profitability target for the current financial year as it uses its buying power to hold down prices.