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UK shops suffer slowest growth over 12 months

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.

UK competition regulator puts brake on Amazon’s Deliveroo investment

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.

Tesco’s sales growth slows in subdued UK market

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.

Tesco suffers from weak U.K. market

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.

Walmart ‘seriously’ mulling an IPO for Asda unit

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.

Sainsbury takes US$60mil hit on failed Asda deal

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.