LONDON Two former directors of Tesco have been acquitted of fraud and false accounting at Britain's biggest retailer after a 2014 scandal, dealing a major blow to the UK Serious Fraud Office.
LONDON Britain's retailers are hoping Black Friday discounts will get shoppers spending again after a torrid year for much of the sector.
* Official data showed UK retail sales growth slowed in
LONDON Struggling British baby products retailer Mothercare said it would trade from fewer than 80 UK stores by April next year as it shrinks its portfolio as part of a plan to stay in business.
LONDON, Nov 22 Struggling British baby products
retailer Mothercare said it would trade from fewer than
80 UK stores by April next year as it shrinks its portfolio as
part of a plan to stay in business.
LONDON Kingfisher, Europe's second largest home improvement retailer, reported weak quarterly sales in France and said it would pull out of Russia, Spain and Portugal, sending its shares lower and raising questions over its plan to increase profit.
LONDON UK online electricals retailer AO World reported another first-half loss and slower sales growth, sending its shares tumbling, after Britons reined in spending on fridges and washing machines.
* Shares fall as much as 13 pct
(Adds details, CEO, analyst comment, shares)
LONDON British supermarket chain Asda, owned by Walmart , reported a sixth straight quarter of underlying sales growth on Thursday, outpacing Sainsbury's , its potential buyer.
* Industry data show Asda fastest growing of top UK grocers