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財經新聞

Tesco and Lidl square off in yellow on blue trademark row

Tesco and Lidl square off in yellow on blue trademark row By Sam Tobin LONDON, Feb 7 (Reuters) - Tesco and its German discount rival Lidl traded allegations of copying brands and deceiving customers at London's High Court on Tuesday in a dispute over Britain's biggest retailer using a yellow circle on a square blue background. Lidl sued Tesco TSCO.L in 2020, shortly after Britain's market leader, with a 27.5% share, adopted a yellow circle against a blue background to promote its "Clubcard Price
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Seven out of ten UK households fear cost-of-living hit -NielsenIQ

Seven out of ten UK households fear cost-of-living hit -NielsenIQ LONDON, Feb 7 (Reuters) - Some 72% of UK households fear they will be severely or moderately affected by the cost-of-living crisis in the first part of 2023, up from 54% at the end of last year, survey data from market researcher NielsenIQ showed on Tuesday. After a tough 2022, British consumers are facing an even tighter squeeze on their finances this year.
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UK stocks edge up after BOE rate hike

LIVE MARKETS-UK stocks edge up after BOE rate hike STOXX 600 up 0.7% Markets welcome Fed message BoE raises borrowing costs to 4% Eyes on ECB policy decisions U.S. stock futures rise Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com UK STOCKS NOT TOO BOTHERED BY BOE RATE HIKE (1212 GMT) The FTSE 100 is extending gains, having initially ticked lower, after the Bank of England raised
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UK supermarkets' 2023 challenges

LIVE MARKETS-UK supermarkets' 2023 challenges STOXX 600 up 0.7% Markets welcome Fed message Eyes on ECB, BoE policy decisions U.S. stock futures rise Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com UK SUPERMARKETS' 2023 CHALLENGES (1120 GMT) An index comprising UK food retailers .FTNMX452010 had its biggest annual decline since 2015 last year.
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UK sausage maker Cranswick enjoys strong festive sales

UPDATE 1-UK sausage maker Cranswick enjoys strong festive sales Adds details Feb 2 (Reuters) - British meat producer Cranswick CWK.L said on Thursday trading was robust in December, as people thronged supermarkets for gourmet and ready-to-eat meat during the festive season. The company, which supplies pork and poultry to most UK major supermarkets including Tesco TSCO.L , said its third quarter saw all product categories ahead of year-ago levels in its core d omestic market.
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Costcutter owner Bestway raises Sainsbury's stake to 4.47%

UPDATE 3-Costcutter owner Bestway raises Sainsbury's stake to 4.47% Bestway declared 3.45% holding on Friday Has said may raise stake but not planning takeover offer Adds detail, shares LONDON, Feb 1 (Reuters) - Retail and wholesale group Bestway, the owner of Costcutter, has raised its stake in Sainsbury's SBRY.L to 4.47%, making it the fifth-largest shareholder of Britain's second largest supermarket group.
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Financial Times - Feb 1

PRESS DIGEST- Financial Times - Feb 1 Feb 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Rishi Sunak faces crunch decision on post-Brexit Northern Ireland - Tesco buys Paperchase brand from administration but not the stores - Elliott takes stake in phone mast group Vantage ahead of possible delisting - Greybull enters pursuit of Britishvolt Overview - British Prime Minister Rishi Su
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British Business - Feb. 1

PRESS DIGEST-British Business - Feb. 1 Feb 1(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 - The Aquis Stock Exchange has said it is ready to work with UK's Financial Conduct Authority as it increases scrutiny of Love Hemp Group Plc LIFE.ASE , the struggling listed cannabis supplements company, in the wake of a series of allegations.
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Unilever turns to former Heinz exec to steer new course

NEWSMAKER-Unilever turns to former Heinz exec to steer new course Adds comment from analyst and former Heinz executive Art Winkleblack By Richa Naidu LONDON, Jan 31 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Atlas Technical Consultants Inc, Tesco, OVS, KKR, Orange and Meta Jan 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2 051 GMT on Tuesday: ** The U.S. Federal Trade Commission asked a judge to put a hold on Meta Platforms Inc's META.O deal to buy virtual reality app maker Within Unlimited while the two sides await a decision from the court.
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Britain's Tesco buys Paperchase stationery brand

UPDATE 2-Britain's Tesco buys Paperchase stationery brand Tesco not buying Paperchase stores About 820 jobs at risk Adds detail, administrators comment LONDON, Jan 31 (Reuters) - Britain's biggest supermarket group Tesco TSCO.L said on Tuesday it had purchased the Paperchase brand and related intellectual property after the stationery and gifts retailer fell into administration.
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Britain's Tesco buys Paperchase brand

Britain's Tesco buys Paperchase brand LONDON, Jan 31 (Reuters) - Britain's biggest retailer Tesco TSCO.L has purchased the Paperchase brand, it said on Tuesday. “Paperchase is a well-loved brand by so many, and we’re proud to bring it to Tesco stores across the UK," Jan Marchant, the group's managing director of home and clothing said. Reportin
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UK competition watchdog to review supermarkets' unit pricing

UK competition watchdog to review supermarkets' unit pricing LONDON, Jan 31 (Reuters) - Britain's competition regulator will examine supermarket groups' so-called unit pricing, or how much a particular product costs by weight or volume, to ensure shoppers can easily compare like for like, it said on Tuesday. Grocery prices are in the spotlight as Britons grapple with an escalating cost-of-living crisis.
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UK grocery price inflation surges to record 16.7% - Kantar

UPDATE 1-UK grocery price inflation surges to record 16.7% - Kantar Grocery inflation highest since Kantar started tracking data Milk, butter, cheese, eggs show fastest price rises Shoppers trading down to make savings Adds detail, shares By James Davey LONDON, Jan 31 (Reuters) - British grocery inflation hit a record 16.7% in the four weeks to Jan. 22, dealing another blow to consumers battling an escalating cost-of-living crisis, industry data showed on Tuesday.
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Tesco's UK store management changes to impact 1,750 jobs

UPDATE 1-Tesco's UK store management changes to impact 1,750 jobs Adds detail LONDON, Jan 31 (Reuters) - Tesco TSCO.L , Britain's biggest supermarket group, said on Tuesday it was changing the way it manages its larger stores, impacting around 1,750 workers. All of Britain's major grocers are seeking cost savings as they try to keep a lid on rising prices.
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Tesco In Advanced Talks To Buy Paperchase Brand And Other Intellectual Property Assets Out Of Administration Later Today - Sky News Reporter Tweet

BRIEF-Tesco In Advanced Talks To Buy Paperchase Brand And Other Intellectual Property Assets Out Of Administration Later Today - Sky News Reporter Tweet Jan 31 (Reuters) - TESCO IS IN ADVANCED TALKS TO BUY THE PAPERCHASE BRAND AND OTHER INTELLECTUAL PROPERTY ASSETS OUT OF ADMINISTRATION LATER TODAY - SKY NEWS REPORTER TWEET Source text: https://bit
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Britain's Tesco says store management changes to impact 1,750 jobs

Britain's Tesco says store management changes to impact 1,750 jobs LONDON, Jan 31 (Reuters) - Tesco TSCO.L , Britain's biggest supermarket group, said on Tuesday it will reduce the number of lead and team manager roles in its large stores, impacting around 1,750 workers. It said localised changes across the UK business will impact a further 350 jobs.
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UK grocery price inflation rises to record 16.7% -Kantar

UK grocery price inflation rises to record 16.7% -Kantar By James Davey LONDON, Jan 31 (Reuters) - British grocery inflation hit a record 16.7% in the four weeks to Jan. 22, dealing another blow to consumers battling an escalating cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar said grocery inflation was at its highest since it started tracking the figure in 2008, with prices rising fastest in markets such as milk, eggs and dog food.
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Unilever turns to former Heinz exec to steer new course

RPT-NEWSMAKER-Unilever turns to former Heinz exec to steer new course Repeats JAN. 30 story. No change to text. By Richa Naidu LONDON, Jan 31 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. "Every year, I'd bring nine of our most promising executives to Florida - just me and them, not their bosses.
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British Business - Jan 31

PRESS DIGEST-British Business - Jan 31 Jan 31 (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 - Wael Sawan, the new chief executive officer of Shell Plc SHEL.L , has announced a shake-up of its corporate divisions in a move that will result in an executive team slimmed down to seven from nine people and potential job losses.
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