Edition:
India

James Davey

Former Tesco directors cleared of fraud over 2014 accounting scandal

06 Dec 2018

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.

After grim year, UK retailers hope for Black Friday tonic

23 Nov 2018

LONDON Britain's retailers are hoping Black Friday discounts will get shoppers spending again after a torrid year for much of the sector.

After grim year, UK retailers hope for Black Friday tonic

23 Nov 2018

* Official data showed UK retail sales growth slowed in October

UK's Mothercare shrinks to survive as losses widen

22 Nov 2018

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.

UPDATE 2-UK's Mothercare shrinks to survive as losses widen

22 Nov 2018

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.

Kingfisher quits Russia, Spain and Portugal as French sales tumble

21 Nov 2018

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.

Online retailer AO World hit as Britons curb spending

20 Nov 2018

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.

UPDATE 2-Online retailer AO World hit as Britons curb spending

20 Nov 2018

* Shares fall as much as 13 pct (Adds details, CEO, analyst comment, shares)

Asda's sales growth outpaces potential buyer Sainsbury's

15 Nov 2018

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.

UPDATE 2-Asda's sales growth outpaces potential buyer Sainsbury's

15 Nov 2018

* Industry data show Asda fastest growing of top UK grocers (Adds detail)

World News

Britain's May pulls parliamentary vote on her Brexit deal

British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain's plan to leave the European Union up in the air on the eve of the vote after repeated warnings from lawmakers she faced a rout.