XM does not provide services to residents of the United States of America.
T
T

Tesco


News

UK supermarket Morrisons says performance improving under new boss

UPDATE 2-UK supermarket Morrisons says performance improving under new boss Rami Baitieh joined as CEO in November Q1 underlying sales up 4.6% Key customer metrics improving Industry data shows firm losing market share Adds CEO quote paragraph 5, detail paragraphs 9 to 12 By James Davey LONDON, March 27 (Reuters) - British supermarket group Morrisons reported a seventh straight quarter of underlying sales growth and said its overall performance was improving under new CEO Rami Baitieh.
C
T

British grocery price inflation slows to 4.5%, Kantar says

British grocery price inflation slows to 4.5%, Kantar says UK grocery inflation at lowest level since Feb. 2022 -Kantar 23% of UK households still struggling financially -Kantar Ocado was fastest growing grocer in 12 weeks to March 17 -Kantar Asda was laggard with sales up 0.2% -Kantar Aldi sales up 3.1% but market share edges lower -Kantar By James Davey LONDON, March 26 (Reuters) - UK grocery price inflation eased this month to its lowest level since February 2022, but nearly a quarter of Brit
O
T

British Business - March 20

PRESS DIGEST-British Business - March 20 March 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Unilever ULVR.L said on Tuesday it will split off its ice cream business and cut 7,500 jobs. - AstraZeneca AZN.L struck a deal with Canadian company Fusion Pharmaceuticals, valuing up to $2.4 billion, developing next-generation cancer treatments in its second acquisiti
A
T
V

Christmas dinner wars: UK watchdog raps Aldi over Sainsbury's price comparison

Christmas dinner wars: UK watchdog raps Aldi over Sainsbury's price comparison By James Davey LONDON, March 20 (Reuters) - Britain's advertising regulator has upheld a complaint from supermarket group Sainsbury's SBRY.L that German-owned discounter Aldi's ad comparing the prices of their Christmas dinners was misleading. Sainsbury's is the second largest supermarket group after Tesco TSCO.L in Britain's 230 billion pound ($293 billion) grocery market, while Aldi is No.
T

Tesco loses appeal in Lidl yellow circle branding case

UPDATE 1-Tesco loses appeal in Lidl yellow circle branding case Adds background and reaction throughout LONDON, March 19 (Reuters) - Britain's biggest retailer Tesco TSCO.L on Tuesday lost an appeal against a ruling that it infringed German discount supermarket Lidl's trademark over the use of a yellow circle on a square blue background. The decision likely signals the end of the legal battle between the rival retailers, which began in 2020 when Lidl sued Tesco after Tesco adopted a yellow circl
T

Tesco loses appeal it infringed Lidl's trademark with discount scheme logo

Tesco loses appeal it infringed Lidl's trademark with discount scheme logo LONDON, March 19 (Reuters) - Britain's biggest retailer Tesco TSCO.L on Tuesday lost an appeal against a ruling that it infringed German discount supermarket Lidl's trademark over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its "Clubcard Prices" discount scheme.
T

British Business - March 18

PRESS DIGEST-British Business - March 18 March 18 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain Prime Minister Rishi Sunak has said this will be the year Britain "bounces back" as his allies warned that he would sooner call a general election than be forced out of office.
H
M
T

ING downgrades Ahold Delhaize amid sluggish US demand

BUZZ-ING downgrades Ahold Delhaize amid sluggish US demand ** ING cuts its rating on retailer Ahold Delhaize AD.AS to "hold" from "buy"; cuts PT by 10.8% to 29 euros ** "We do not expect Ahold Delhaize to outperform on the back of a weaker performance in the United States and lower ROCE (return on capital employed) compared to peers," the broker sa
C
I
T
A

As Tesco and Sainsbury's seize the moment, UK grocery laggards face uphill task

ANALYSIS-As Tesco and Sainsbury's seize the moment, UK grocery laggards face uphill task Tesco and Sainsbury's winning market share Asda and Morrisons hamstrung by debt payments By James Davey LONDON, March 11 (Reuters) - As British shoppers try to stretch their spending further each week, supermarket leaders Tesco and Sainsbury's are using their superior financial firepower to win over customers from debt-laden rivals struggling to compete.
C
T

Nationwide's Virgin swoop reignites UK banking takeover talk

RPT-ANALYSIS-Nationwide's Virgin swoop reignites UK banking takeover talk Repeats Thursday's story with no changes to text By Sinead Cruise and Tommy Wilkes LONDON, March 7 (Reuters) - Nationwide's 2.9 billion pound ($3.7 billion) play for Virgin Money VMUK.L is fuelling talk that Britain's biggest banks might pounce on smaller lenders, heralding an M&A watershed as competition to lend reaches new heights.
B
H
L
T

Nationwide's Virgin swoop reignites UK banking takeover talk

RPT-ANALYSIS-Nationwide's Virgin swoop reignites UK banking takeover talk Repeats Thursday's story with no changes to text By Sinead Cruise and Tommy Wilkes LONDON, March 7 (Reuters) - Nationwide's 2.9 billion pound ($3.7 billion) play for Virgin Money VMUK.L is fuelling talk that Britain's biggest banks might pounce on smaller lenders, heralding an M&A watershed as competition to lend reaches new heights.
B
H
L
T

Virgin Money sale is UK challenger banks’ swansong

RPT-BREAKINGVIEWS-Virgin Money sale is UK challenger banks’ swansong The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, March 7 (Reuters Breakingviews) - It’s the end of an era. If Nationwide Building Society NBS.L succeeds in swallowing up Virgin Money VMUK.L for 2.9 billion pounds and a tasty premium, it will shatter regulators’ dreams of having bite-sized lenders competing with larger players.
B
L
T

Nationwide's Virgin swoop reignites UK banking takeover talk

ANALYSIS-Nationwide's Virgin swoop reignites UK banking takeover talk Adds Shawbrook declined to comment in paragraph 9 By Sinead Cruise and Tommy Wilkes LONDON, March 7 (Reuters) - Nationwide's 2.9 billion pound ($3.7 billion) play for Virgin Money VMUK.L is fuelling talk that Britain's biggest banks might pounce on smaller lenders, heralding an M&A watershed as competition to lend reaches new heights.
B
H
L
T

Nationwide's Virgin swoop reignites UK banking takeover talk

ANALYSIS-Nationwide's Virgin swoop reignites UK banking takeover talk By Sinead Cruise and Tommy Wilkes LONDON, March 7 (Reuters) - Nationwide's 2.9 billion pound ($3.7 billion) play for Virgin Money VMUK.L is fuelling talk that Britain's biggest banks might pounce on smaller lenders, heralding an M&A watershed as competition to lend reaches new heights.
B
H
L
T

Virgin Money sale is UK challenger banks’ swansong

BREAKINGVIEWS-Virgin Money sale is UK challenger banks’ swansong The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, March 7 (Reuters Breakingviews) - It’s the end of an era. If Nationwide Building Society NBS.L succeeds in swallowing up Virgin Money VMUK.L for 2.9 billion pounds and a tasty premium, it will shatter regulators’ dreams of having bite-sized lenders competing with larger players.
B
L
T

Nationwide challenges UK's big banks with $3.7 bln Virgin Money bid

UPDATE 5-Nationwide challenges UK's big banks with $3.7 bln Virgin Money bid Nationwide agrees to buy Virgin Money for $3.7 billion Would form UK's 2nd-largest savings and mortgage company Analysts say deal may spark more sectoral M&A activity Adds Virgin Group in paragraph 6 By Sinead Cruise and Yadarisa Shabong LONDON, March 7 (Reuters) - Britain's Nationwide Building Society NBS.L has agreed to buy Virgin Money UK VMUK.L in a potential 2.9 billion pound ($3.7 billion) all-cash deal to create
B
H
T

John Lewis and Co-op latest UK retailers to raise staff pay

UPDATE 1-John Lewis and Co-op latest UK retailers to raise staff pay John Lewis and Co-op to hike pay by 10% Move reflects rise in UK minimum wage Tesco announced rise on Tuesday Recasts lead to include both John Lewis and Co-op, adds detail paragraphs 2-9 LONDON, March 6 (Reuters) - The John Lewis Partnership and the Co-op on Wednesday became the latest British retailers to increase staff pay as they react to a rise in the government-mandated minimum wage.
A
M
T
C

Britain's Tesco raises store worker pay by 9.1%

UPDATE 2-Britain's Tesco raises store worker pay by 9.1% Increase reflects rise in UK minimum wage Pay rise to cost Tesco over 300 mln stg Adds detail and background in paragraphs 4-9 LONDON, March 5 (Reuters) - Tesco TSCO.L , Britain's biggest retailer, said on Tuesday it would raise store workers' hourly pay by 9.1%, in a move that reflects the increase in the government-mandated minimum wage.
A
M
T
C

Britain's Tesco to raise store workers pay to 12.02 pounds an hour

Britain's Tesco to raise store workers pay to 12.02 pounds an hour LONDON, March 5 (Reuters) - Tesco TSCO.L , Britain's biggest retailer, said on Tuesday it will from April increase the hourly pay rate for store workers from 11.02 pounds ($13.98) to 12.02 pounds, in a move that reflects the rise in the government-mandated minimum wage. ($1 = 0.7881
T

UK supermarkets' sales growth slows in February, NIQ says

UK supermarkets' sales growth slows in February, NIQ says LONDON, March 5 (Reuters) - Sales growth at British supermarkets slowed to 5.3% in February, from 6.6% in January, reflecting a fall in food inflation , industry data showed on Tuesday. Market researcher NIQ said food price inflation decreased to 5.0% last month from 6.1% in January. It said 24% of all FMCG (fast moving consumer goods) sales were bought on promotion in the four weeks to Feb.
M
O
T



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.