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Weekly Round-Up ... 19 June 2023

Weekly Round-Up ... 19 June 2023

Weekly Round-Up ... 19 June 2023

Russian retailer Magnit on Friday said it was offering to buy back blocked shares at a 50% discount from foreign shareholders no longer able to trade...

Tesco Sees 'Encouraging Signs' Inflation Is Easing

Tesco, Britain's biggest retailer, said on Friday there were "encouraging early signs" that inflation was starting to ease across the market...

Tesco Sees 'Encouraging Signs' Inflation Is Easing

UK PM Sunak Scraps Plan For Supermarket Price Cap After Backlash: Reports

British Prime Minister Rishi Sunak has abandoned plans to ask supermarkets to impose a voluntary price cap on basic goods after a backlash from retailers,...

UK Regulator Raps Sainsbury's And Asda For Preventing Rival Store Openings

Britain's competition watchdog has secured agreements from supermarket groups Sainsbury's and Asda to cease using unlawful land agreements a...

B&M Sees Higher Profit As Britons Hunt For Bargains

British discount retailer B&M on Wednesday forecast higher core earnings for its 2023-24 financial year.

UK Supermarket Asda To Buy EG Group

British supermarket group Asda said on Tuesday it would acquire petrol station operator EG Group's UK and Ireland business to create a company wi...

Asda Owners To Announce £10bn Merger With EG UK

Asda Owners To Announce £10bn Merger With EG UK

The owners of supermarket Asda and petrol stations company EG Group will announce a £10 billion merger of their operations in Britain...

UK Shoppers Boost Their Spending Despite Inflation's Bite

British retail sales rose by more than expected last month and volumes over the three months to April grew by the most since mid-2021.

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Weekly Round-Up ... 16 May 2023

Weekly Round-Up ... 16 May 2023

Britain's Sainsbury's Cuts Price Of Bread And Butter

Britain's Sainsbury's Cuts Price Of Bread And Butter

UK's Ocado Retail To Shutdown Hatfield Fulfilment Centre

UK's Ocado Retail To Shutdown Hatfield Fulfilment Centre

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Tesco Not Profiteering Amid Cost Of Living Crisis, Says Boss

Tesco Not Profiteering Amid Cost Of Living Crisis, Says Boss

Britain's Tesco Cuts Price Of Milk For First Time Since 2020

Britain's Tesco Cuts Price Of Milk For First Time Since 2020

Britain's Co-Op Navigates Inflation To Maintain Profit

Britain's Co-Op Navigates Inflation To Maintain Profit

Profit At UK Supermarket Asda Slumps On Inflation Hit

Profit At UK Supermarket Asda Slumps On Inflation Hit

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