Jennifer Creery
Acting UK Retail Reporter at Bloomberg News
Covering UK retail @business. Usual disclaimers. Got a tip? Get in touch: [email protected]
Articles
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1 week ago |
bloomberg.com | Jennifer Creery
A Sainsbury's supermarket in Hoddesdon, UK. (Bloomberg) -- J Sainsbury Plc expects profits to be little changed this year as higher costs and intense competition put pressure on supermarket groups. Britain’s second-largest grocer forecast underlying operating profit from retail of about £1 billion ($1.3 billion), around the same level as last year. It’s the first time Sainsbury’s has reached that mark, although its Argos brand weighed on the performance.
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1 week ago |
bloomberg.com | Jennifer Creery
The British Steel Ltd. plant in Scunthorpe. (Bloomberg) -- The UK government will take a more skeptical approach to future Chinese investment in sensitive sectors of the economy after it was forced to rescue the country’s last primary steel manufacturer, Business Secretary Jonathan Reynolds said Sunday.
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2 weeks ago |
bloomberg.com | Jennifer Creery
A shopper outside a Tesco supermarket. (Bloomberg) -- Tesco Plc shares fell after the supermarket chain warned profit would slip due to higher costs and competition for price-conscious UK shoppers. Britain’s largest grocer expects as much as £3 billion ($3.9 billion) in group adjusted operating profit this year, according to a statement Thursday, lower than the £3.1 billion in the 12 months ended Feb. 22.
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2 weeks ago |
bloomberg.com | Jennifer Creery
A JD Sports Fashion Plc store on Oxford Street in London. (Bloomberg) -- JD Sports Fashion Plc surged after the retailer announced a share buyback and predicted pretax profit would meet analyst expectations, even as it warned of volatility due to US President Donald Trump’s trade tariffs. The relatively upbeat outlook was welcomed by investors on a day of wider market turmoil.
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3 weeks ago |
bloomberg.com | Jennifer Creery
Irish convenience food manufacturer Greencore Group Plc agreed a cash and share offer for Bakkavor Group Plc that values its London-listed rival at about £1.2 billion ($1.5 billion). The company will pay 85 pence in cash and 0.604 Greencore shares for each Bakkavor share, according to a statement, which said the Bakkavor board is minded to recommend the offer to its shareholders. The merged company would have combined revenue of about £4 billion.
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UK officials stepped up private talks to deepen financial services ties with Hong Kong, even as democracy advocates were being jailed in the city last year. Exclusive from @alexwickham and @GriffithsKath_ https://t.co/k5caNw713I @business
RT @alexwickham: Exclusive: The UK Treasury held private talks with the Hong Kong government about stepping up financial services ties at…
Scoop: Former Matalan boss Jo Whitfield will join the board of directors at Asda as the supermarket tries to bolster its retailing expertise. With @sabahmeddings https://t.co/E9zulPVYbi
