Tesco To Cut Stores and Jobs In Revival Plan

Tesco has confirmed it is to close 43 unprofitable UK stores and halt construction on almost 50 others as part of a plan to revive its fortunes. In the wake of four profit warnings last year and the accounting scandal which saw group chief executive...

12.07 | 0 komentar | Read More

Morrisons On The Run With Athletics Deal

By Mark Kleinman, City Editor The UK's fourth-biggest supermarket chain will announce on Friday that it is to take over from Bupa as the long-standing sponsor of the Great North Run. Sky News understands that Wm Morrison has agreed a multimillion...

12.07 | 0 komentar | Read More

Euro Area Enters Deflation As Oil Costs Fall

The eurozone has officially entered deflation, with tumbling oil costs tipping the currency towards its latest crisis. Eurostat, the EU's statistics agency, said prices in what was then the 18-country euro area were 0.2% lower in December than the...

12.06 | 0 komentar | Read More

City Awaits Tesco Chief's Turnaround Plan

By Mark Kleinman, City Editor The new chief executive of Tesco will set out a blueprint to revive its fortunes through a string of measures including the appointment of a new boss of its UK operations. The plans unveiled by Dave Lewis, who joined...

12.06 | 0 komentar | Read More

Supermarket Wars: Price Cuts Revealed

Sainsbury's and Asda have announced details of price cuts as their rival Tesco prepares to unveil its turnaround plan. Asda was first to confirm it was making £300m in customer savings during the first three months of the year,...

12.06 | 0 komentar | Read More

Barclays’ 'Bad Bank' Chief To Step Down

By Mark Kleinman, City Editor The executive in charge of a Barclays division housing billions of pounds of underperforming assets is to step down. Sky News has learnt that Eric Bommensath, who was previously the co-head of Barclays' investment banking...

12.06 | 0 komentar | Read More