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Headlines > Financial

Green denies Safeway interest dwindling

Philip Green, the British retail entrepreneur, has reacted angrily to reports in the UK press over the weekend that his Trackdean Investments company was no...

ICA drops Ahold name

ICA , the Swedish retail group 50 per cent owned by the Ahold group, has announced a major restructuring of its business which includes dropping the...

Supermarkets fail to cut pesticide levels - FoE

British supermarkets have failed to achieve any overall reduction in pesticide residues over the last five years, claims environmental group Friends of the Earth, one...

Waitrose flourishes in the heat

Waitrose , the supermarket division of the UK's John Lewis Partership, benefited from the hot summer weather and new store developments to post a double-digit increase...

Jeronimo Martins confirms recovery

Times have been hard for Portuguese retailer Jeronimo Martins in recent years, but the company's latest set of results indicate that its strategy of withdrawing...

Morrisons shows strategy would work for Safeway

Double-digit sales growth in the first half of the year is further evidence that Morrisons has the right business model to turn things around at...

Big store groups dominate in Spain

Confirming what most shoppers and store keepers already knew, a new study from the Fundación de Cajas de Ahorro Confederadas (Funcas ) association in Spain has...

Ahold management bows to pressure

Much maligned in recent weeks by investors and shareholders alike, the management of Dutch retail group Ahold has given in to pressure and decided to...

Tesco tightens its grip

Britain's number one food retailer can do nothing wrong, or so it appears. Tesco has today reported strong double-digit increases in both sales and profits...

Sainsbury's non-food gamble

Sainsbury , the British retail group, is gambling on the success of a new range of products to help it reverse its downwards spiral and restore...

Ahold facing crisis of confidence

Ahold's troubles seem unlikely to ease with the appointment of a new management team. The beleaguered retailer, struggling after the discovery of widespread accounting fraud,...

Fischler boosts the troops before WTO

"We want to make the Doha Development Agenda a success." For Agriculture European Commissioner Franz Fischler this is Europe's number one objective for the upcoming...

No sell off for US Foodservice

US Foodservice, the unit at the centre of the accounting fraud which has severely tarnished the reputation of Dutch retailer Ahold will not be sold...

Albert Heijn cuts jobs to compete

Albert Heijn, the flagship Dutch supermarket chain of the embattled Ahold group, is to axe around 440 jobs in a bid to cut costs and...

Casino growth back on track

Like its larger compatriot Carrefour, French retail group Casino has reported a significant lessening of the adverse currency effect in its latest set of results,...

Kwik Save weighs heavily on Somerfield results

A disappointing performance from the Kwik Save discount store unit meant that first quarter sales growth at the UK's Somerfield chain was lower than expected,...

Delhaize extends US business

The US-based operations of Belgian retailer Delhaize have been one of the principal causes of the company's poor financial performance in recent months, but this...

M&S to reward loyal customers

Loyalty cards are now widespread in the UK, with most of the major food and non-food retailers offering a range of rewards to loyal shoppers....

Tune in, check out

The European Union might be a single market when it comes to the transfer of goods and services, but there are still huge differences in...

EU slams Australian trade attitude

In the run up to the WTO trade talks next week in Mexico, the European Union has called on the WTO to rule on the...

Laurus on the road to recovery

Moves by Dutch grocery retailer Laurus to lift itself back into the black appear to be working, with a leap back into profit in the...

Morrisons hoping to get Safeway on the cheap?

Wm Morrison , the supermarket group which is widely believed to be the leading candidate to acquire the UK's Safeway chain, may offer less for the...

German recession does little to boost Spar interims

Sluggish consumer demand in the German market coupled with its own ongoing restructuring programme pushed the Spar retail group into the red in the first...

Carrefour grows despite currency impact

First half sales at leading European food retailer Carrefour were ahead of the same period a year earlier, even after the negative impact of currency...

Supermarkets blamed for Spanish store wars

Small store operators in Spain have seen their share of everyday household good sales - including food and drink - drop by 50 per cent...