User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jan 25 2015 24:41 IST RSS 2.0
 
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Shailesh Ghorpade: How to enable disruption 24.1.2015 Columns
What implications does technology-led disintermediation have for policymakers?
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FDI in multi-brand retail: Tata-Tesco JV plans Rs 250 crore investment to open more stores 23.1.2015 ET: Retailing
The planned expansion is likely to be seen as a test case for the ruling BJP’s stance towards foreign direct investment in the supermarket segment.
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Mike Ashley sells £117m stake in Sports Direct 21.1.2015 The Guardian -- Front Page
Share sale fuels rumours that Newcastle United owner is preparing to offer emergency loan to Rangers

Mike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.

The sale of the 15.4m shares, which will reduce his total stake to 55%, is likely to fuel rumours that the Newcastle United owner is preparing to offer cash-strapped Scottish football team Rangers a £10m emergency loan.

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Tesco kicks off fightback with cost cuts and asset sales 9.1.2015 Latest News
Tesco will slash costs and sell assets to fund lower prices and mend its finances, Britain's biggest retailer said on Thursday, as its new boss set out his plan to fight back from years of market share losses and an accounting scandal.
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Tesco kicks off fightback with cost cuts and asset sales 9.1.2015 Sify Finance
By James Davey and Neil Maidment
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European shares rally on "patient" Fed, Tesco 8.1.2015 Sify Finance
* FTSEurofirst 300 index rises 2.5 pct after Fed minutes
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European shares rise on Fed minutes, Tesco jumps 8.1.2015 Sify Finance
LONDON, Jan 8 (Reuters) - European shares rose sharply on Thursday, tracking gains in the United States and Asia, as retail stocks rallied and the minutes from the Fed's recent meeting reassured
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European shares advance on Fed minutes, Tesco rallies 8.1.2015 Sify Finance
* Pan-European FTSEurofirst 300 index rises 1.3 percent
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European shares advance on Fed minutes; Tesco rallies 8.1.2015 HBL: Markets
European shares rose sharply on Thursday, tracking gains in the United States and Asia, as retail stocks rallied and the minutes from the Fed’s recent meeting reassured investors that it was not i...
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Tesco announces turnaround plan – business live 8.1.2015 The Guardian -- Front Page
8.06am GMT Tesco’s final salary pension scheme is being axed Tesco final salary pension scheme to close - one of the last in FTSE100 but in deficit to tune of £3.4 billion. 8.04am GMT Many of the 43 stores being axed will be Tesco’s smaller outlets. Tesco say significant proportion of closures will be express - means job losses lower. Seems odd closing convenience. 8.03am GMT Shares in Tesco have jumped by 5.5% at the start of trading in London to 191p, as investors give their initial response to today’s news. But shares in M&S are down 3% after it reported disappointing results this morning. 8.00am GMT Can we have more details on the 49 Tesco projects that are being cancelled? Most of the projects we won’t go ahead with are very large stores, Lewis replies. 7.58am GMT How many employees are still suspended while the investigation into Tesco’s profit misstatements are conducted? Three. 7.56am GMT Does Lewis’s plan for a 30% cut in overhead costs equate to 30% job cuts at headquarters? No. 7.56am ...
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European Factors to Watch-Shares seen opening sharply higher 8.1.2015 Sify Finance
LONDON, Jan 8 (Reuters) - European stocks were seen opening sharply higher on Thursday, with financial spreadbetters expecting Britain's FTSE 100 to open 72 to 76 points, or as much as 1.2
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UK Stocks-Factors to watch on Jan. 8 8.1.2015 Sify Finance
LONDON, Jan 8 (Reuters) - Britain's FTSE 100 index is seen opening up by 72 to 76 points, or as much as 1.2 percent higher, on Thursday, according to financial bookmakers. For more on the factors
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Retailers help European shares halt 3-day slide 7.1.2015 HBL: Home
European shares halted a three-day slide early on Wednesday, helped by a rise in retailers after a strong showing by British supermarket Sainsbury's and estimate beating German sales data.
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UK’s FTSE halts losing run as supermarket shares rise 7.1.2015 HBL: Home
Britain’s top equity index recovered on Wednesday, lifted by a rise in the shares of major supermarket operators following better-than-expected figures at Sainsbury’s.The blue-chip FTSE 100...
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From Apple to airports: the movers and shakers of the next 12 months 4.1.2015 The Guardian -- Front Page
Our writers nominate the big names that they believe are likely to dominate the headlines in key sectors of the business world over the coming year

From curing the eurozone’s ills to turning around Britain’s biggest retailer, there are stiff challenges facing senior figures in the worlds of business and economics this year. Two newcomers, the incoming chair of Barclays and the new boss of Centrica, face particularly difficult tasks in winning back public trust for their industries. Others, such as Angela Ahrendts of Apple and former Thomas Cook boss Harriet Green, are due a return to the spotlight. These are the names to watch out for in 2015.

ANGELA AHRENDTS Senior vice-president of retail and online stores, Apple

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Retailers offer 'Click & Pick' to join e-party 29.12.2014 TOI: All Headlines
Retailers offer 'Click & Pick' to join e-party
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Bata, Fabindia & Evok going for the plan to cash in on online shopping craze 29.12.2014 ET: Retailing
The move comes at a time when a burgeoning number of Indian consumers are shifting a good part of their shopping to e-commerce players.
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Supermarkets to square off amid festive fervour of year’s biggest trading day 23.12.2014 The Guardian -- Front Page
Visa expects Britons to load £1.3bn on their cards as the final Christmas trolley dash gets underway in key moment for retailers

After a year of escalating supermarket price offensives, Tuesday – the biggest trading day of the year – is when the defining battle will be fought.

Visa estimates Britons will load £1.3bn on their credit cards as the final Christmas trolley dash gets under way.

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Tesco and PwC face fresh inquiry over £263m overstatement of profits 22.12.2014 The Guardian -- Front Page
Accountancy watchdog to examine role of PwC and the work of individuals at auditor and Tesco in preparing accounts from 2012

Tesco’s financial team and its auditor, PwC, face a formal investigation by the accountancy watchdog over the supermarket’s £263m overstatement of profits.

In the latest blow to the ailing retail group, the Financial Reporting Council (FRC) said it would examine the role of PwC as well as the behaviour of individuals at the auditor and at Tesco in relation to the preparation, approval and audit of accounts going back to February 2012.

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Retail grows to $560-bn in 2014, FDI hopes hang in balance 21.12.2014 Latest News
Chasing the magic figure of $1 trillion, retail industry has managed to cross the halfway-mark this year
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