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GLOBAL

Can online take-away businesses deliver for investors?

A queasy mix of excitement, hope and cash has for some years now been mixing together in the food delivery sector and that rarely proves to be a recipe for success...

By Kevin Murphy 23 Aug 2017

SOUTH AFRICA

Tesco dives into red on accounting scandal

LONDON - Supermarket giant Tesco revealed on Wednesday that it fell into an annual net loss of 40 million due to a costly accounting scandal at Britain's biggest retailer...

13 Apr 2017

SOUTH AFRICA

Britain's Tesco buys wholesaler Booker for $4.7bn

LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Friday it has agreed to purchase food wholesaler Booker for £3.7 billion ($4.7 billion, 4.4 billion euros)...

27 Jan 2017

SOUTH AFRICA

Tesco hails rising sales over Christmas period

LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Thursday rising sales during the festive period, which followed a strong third quarter despite uncertainty over Brexit...

12 Jan 2017

UNITED KINGDOM

Burberry sees UK sales sparkle on Brexit-hit pound

LONDON - Luxury fashion giant Burberry, famed for its designer handbags and trenchcoats, said Tuesday that British sales have soared since the Brexit vote as tourists took advantage of the plunging pound...

19 Oct 2016

UNITED KINGDOM

UK retailer BHS calls in administrators, with 11,000 jobs at risk

LONDON - BHS, the owner of department stores across Britain, has called in outside help to rescue the struggling firm from potential closure and the loss of around 11,000 jobs, administrators said on Monday...

26 Apr 2016

UNITED KINGDOM

M&S posts falling net profit, clothing sales

LONDON - British retailer Marks and Spencer, regarded as a barometer of UK consumer demand, posted sliding net profit on Wednesday on tumbling clothing sales and a poor international performance...

5 Nov 2015

UNITED KINGDOM

Jimmy Choo in London IPO for Asia growth

LONDON, UK: Shoemaker to the stars Jimmy Choo unveiled plans for a London stock market listing valuing it at up to £800m. The money will be used to fund expansion in Asia.

25 Sep 2014

UNITED KINGDOM

Phones 4 U collapses in UK putting jobs on the line

LONDON, UK: British mobile phone retailer Phones 4U has collapsed into administration, putting more than 5,500 jobs at risk, the group said.

16 Sep 2014

UNITED KINGDOM

UK bosses earn 143 times more than workers

LONDON, UK: The heads of Britain's largest companies earned 143 times more than their average employee last year, a study has revealed, exposing the growing pay gap between bosses and workers.

19 Aug 2014

UNITED KINGDOM

Vodafone expands European empire with Ono takeover

LONDON, UK: Vodafone has agreed to buy Spanish cable firm Ono as the British mobile phone company stepped up its expansion in Europe using the proceeds from the sale of its US joint venture stake.

18 Mar 2014

UNITED KINGDOM

Further IT glitch hits UK bank customers

LONDON, UK: Britain's Lloyds banking group apologised on Sunday, 26 January, after many of its debit card customers were left unable to access their money following a server glitch.

27 Jan 2014

UNITED KINGDOM

RBS admits to decades of under-investment

LONDON, UK: The head of Royal Bank of Scotland admitted on Tuesday (3 December) that it had failed to invest in its information technology systems for decades, after a glitch left customers of the state-rescued bank unable to access cash for three hours.

4 Dec 2013

UNITED KINGDOM

Eight arrested over e-theft from Barclays in London

LONDON, UK: British police said they have arrested eight men after a gang stole £1.3m from Barclays bank by taking control of a branch computer system.

23 Sep 2013

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