J Sainsbury Plc, the U.K.’s third- largest supermarket company, outstripped its main competitors with a gain in annual profit that beat estimates as a price- matching campaign helped boost its share of the market.
Ocado Group Plc, the U.K.’s largest online-only grocer, jumped to the highest in more than two years in London trading after Goldman Sachs Group Inc. raised the stock to buy, saying sales growth is set to accelerate.
Home Retail Group Plc, the owner of U.K. chains Argos and Homebase, rose to the highest price in 17 months after saying that accelerating sales growth at Argos over the holidays means full-year earnings will beat estimates.
Tesco Plc Chief Executive Officer Phil Clarke’s decision to open fewer big supermarkets in the U.K. marks the end of a space race that has defined the country’s largest retailer for the past two decades, leaving online sales as his next frontier for growth.
Tesco Plc , the U.K.’s largest supermarket company, reported full-year earnings that missed analysts’ estimates and said it expects the domestic market to remain “challenging” after a drop in fourth-quarter sales.
Tesco Plc , the U.K.’s largest retailer, may extend a domestic sale-and-leaseback program to its international property assets to fund overseas expansion amid slowing sales growth at home, analysts said.
HMV Group Plc, the U.K. music retailer that obtained support from its main banks in January, rose the most in more than three months in London trading after saying it’s confident of restoring profit in the coming year.