Retail

Tesco sells Polish supermarket business

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Tesco has agreed to sell its business in Poland as it continues to scale back its international operations. The UK supermarket giant is selling its 301-store Polish business to Danish retail group Salling Group for £181m. It said the sale would allow it to focus […]

Uncategorised

UK announces new post-Brexit global tariff regime

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  LONDON (Reuters) – The United Kingdom announced a new post-Brexit tariff regime on Tuesday to replace the European Union’s external tariff, maintaining a 10% tariff on cars but cutting levies on tens of billions of dollars of supply chain imports. After decades outsourcing its […]

FOREX

EUR/GBP upside faltered in the 0.8960 area

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EUR/GBP’s upside momentum lost impetus near 0.8960 on Tuesday. UK’s Claimant Count Change rose by more than 850K in April. German, EMU Economic Sentiment coming up next on the data. The broad-based better mood in the riskier assets is dragging EUR/GBP back to the 0.8930 […]

FOREX

GBP/USD: Close to critical resistance

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GBP/USD is nearing the 1.2270 level which was a swing low in early May and is where the 50 Simple Moving Average on the four-hour chart hits the price, FXStreet’s analyst Yohay Elam briefs. Key quotes “Momentum turned positive but only just. The cable still […]

Agriculture

Chambers: “We’re budgeting to break even”

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WB Chambers MD Tim Chambers says his business will be lucky if it avoids making a loss this year due to coronavirus Chambers: “We’re budgeting to break even” WB Chambers’ managing director Tim Chambers said his business is budgeting to break even this year as […]