LONDON (Reuters) – Tesco (L:TSCO), Britain’s biggest retailer, undershot first-half profit forecasts on Wednesday after weak trading in central Europe and Asia took the shine off accelerating sales in its core UK business. The company, which this year acquired wholesaler Booker, reported operating profit before […]
(Bloomberg) — The Conservatives are meeting for day two of their annual conference in Birmingham, with the party divided on Theresa May’s blueprint for Brexit. Large parts of it have also been rejected by the European Union and according to a senior British official, the […]
LONDON (Reuters) – The British arm of German discount supermarket Aldi reported its first rise in annual operating profit for four years on Monday and signalled no let-up in its approach with plans to open 130 stores in 2019 and 2020. The investment in new […]
Many Britons feel they have to watch the pennies after recent inflation rises and years of flatlining wages. This extends to their supermarket shop, with four in 10 people reporting they are concerned about the cost of food. Against this backdrop, grocery giant Tesco has […]
Sainsbury’s and Asda could be forced to sell hundreds of stores to appease the competition watchdog ahead of their planned merger. The Competition and Markets Authority said it had found a “realistic prospect of a significant lessening of competition” in 463 areas where the retailers’ […]
A no-deal Brexit could cost food retailers and their suppliers £9.3 billion, a new report commissioned by Barclays has revealed. Research for the study by Retail Economics showed that food and drink imported to the UK from the EU would be subject to a new […]
LONDON (Reuters) – British consumers spent more on their credit cards in August as they borrowed to fund a summer shopping spree but companies are more nervous in the run-up to Brexit, lending industry data showed on Wednesday. Credit card lending by the main high […]
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. This is a very busy week for the foreign-exchange market and while we’re off to a slow start, trading ranges will widen and volatility will increase as the week progresses. Meanwhile the U.S. […]
Fruit growing is one of the activities that gives Chile the most benefits. In the last season, the country exported 2.72 million tons of fruit for US $5.283 billion. Some varieties have managed to seduce markets and recorded important returns. However, other varieties, some of […]
Blueberry exports out of North America show increase in volume and destinations The North American 2018 blueberry season has come to a close. “In general, it was a good season with relatively high yields and strong quality,” says Travis McLachlan with Terra Exports. The season […]