James Davey

UK's Asda says Brexit uncertainty affecting customers

15 Aug 2019

LONDON Asda, the British supermarket arm of U.S. retail giant Walmart, said uncertainty surrounding Brexit was affecting its customers as it eked out a small rise in second-quarter sales, helped by a later Easter this year.

Sports Direct regrets House of Fraser buy, could face huge Belgian tax bill

27 Jul 2019

LONDON Sports Direct founder Mike Ashley said buying House of Fraser may have been a mistake for the British sporting goods retailer, in a delayed results statement that also warned it could face a 674 million euro bill from Belgium's tax authority.

ASOS warns on profit again after botching warehouse revamps

18 Jul 2019

LONDON British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs.

Superdry sees long road to recovery, denies new boardroom rift

10 Jul 2019

LONDON The founder of Superdry warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge for poorly performing stores pushed it into an annual loss, kicking its shares down. | Video

M&S targets doubling of food business after Ocado deal

09 Jul 2019

LONDON British retailer Marks & Spencer is targeting a doubling of its 6 billion pound ($7.5 billion) food business, driven by its new joint venture with online supermarket Ocado , chairman Archie Norman said on Tuesday.

Refile: UK competition regulator puts brake on Amazon's Deliveroo deal

05 Jul 2019

(Story is refiled to clarify headline and first paragraph refer to Amazon's deal with Deliveroo) | Video

"Get your act together" - Sainsbury's investors berate board over Asda failure

04 Jul 2019

LONDON Private shareholders in Sainsbury's berated the board of the British supermarket chain at its annual meeting on Thursday over its failed takeover of rival Asda, as well as a share price slump and what it pays its boss.

World News