Andrew Kasoulis

Tesco Poised to Exit U.S. After Starting Fresh & Easy Review

Tesco Plc, the U.K.’s largest grocery company, said it will likely leave the U.S. after announcing a review of its Fresh & Easy unit in the country and the departure of the unprofitable business’s head.

Tesco Shareholders Give Clarke Six Months to Turn U.K. Around

Tesco Plc Chief Executive Officer Philip Clarke, who took direct control of the grocer’s domestic business three months ago, has until the end of the year to convince some investors he can return the U.K. to growth after four quarters of declining sales.

Gourmet Grocer Ocado's Initial Offer May Be `Act of Faith' for Investors

Ocado Ltd. has become the U.K.’s fastest-growing online grocer by enticing London shoppers with its vans of gourmet food. Luring investors to an initial public offering may be a tougher sell.

Sainsbury Profit Gains as Fuel Promotions Help Win Shoppers

J Sainsbury Plc, the U.K.’s third- largest supermarket company, said first-half profit rose 6.6 percent as it won customers with promotions offering money off fuel prices and made savings on transportation and energy.

Morrison Says First-Half Pretax Profit Gains on Price Discounts, Savings

William Morrison Supermarkets Plc , the smallest of the U.K.’s four main grocers, said first-half profit rose as discounts brought in more customers and the retailer saved money on distribution and purchasing.

Tesco Plans to Sell 129-Store Japanese Unit on Lack of Scale

Tesco Plc, Britain’s largest retailer, plans to sell its 129-store Japan unit because it cannot build a “sufficiently scalable business” there eight years after entering the market.

Tesco's Clarke Says China Will Be Profitable Under His Tenure

Tesco Plc Chief Executive Officer- designate Philip Clarke said China will become profitable for the retailer during his tenure as the company invests 2 billion pounds ($3.1 billion) into developing shopping malls.

Tesco CEO Leahy Gives `Positive' View of Company in Credit Suisse Meeting

Tesco Plc Chief Executive Officer Terry Leahy was “positive as always about the business” during a brokerage meeting today, spokesman Trevor Datson said.

Metro Says Meeting Annual Earnings Forecast Depends on Christmas Season

Metro AG rose the most in more than a month in Frankfurt after Germany’s biggest retailer said full- year earnings may rise 5 percent to 10 percent depending on Christmas sales.

Tesco Teaches English, Ballet in Bid to Be South Korean Leader

Tesco Plc is teaching South Koreans English and ballet at its Homeplus stores as part of a campaign to become market leader there within three years.

"Most stakeholders were of a view that the U.S. was a drag on profitability, so the market reacting today is being seen as a positive for future profitability."

- Andrew Kasoulis on Dec 05, 2012

London

Philip Clarke

Europe

Australian Treasurer Says Strong Dollar Delays Return to Surplus

Icahn Asks Investors to Make Big Bet on a Debt-Laden Dell

Former Jets Wide Receiver George Sauer Dies, N.Y. Times Says

Greenhouse Gases Hit Threshold Unseen in 3 Million Years

Bernanke Sees Important Risks in Wholesale Funding