User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jun 24 2015 12:43 IST RSS 2.0
 
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Ramadan's 'Iftar' gives Britain's big supermarkets 100M pounds sales boost 24.6.2015 New Kerala: World News
London, June 24 : With around three million UK Muslims breaking their fast in evenings during Ramadan, Britain's biggest supermarkets have benefitted 100 million pounds sales uplift.
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Tesco’s Indian arm undertakes layoffs across various levels to reduce costs 20.6.2015 ET: Retailing
In last three months, at least 100 employees have been told to leave, number may go up to 600 soon.
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Co-op commits £125m to slash prices of fruit and veg 17.6.2015 The Guardian -- Front Page

Co-operative Group makes pledge as it battles rival supermarkets and discounters to grab larger slice of retail sector

The battle among grocers for Britain’s shopping baskets has moved up a gear, with the Co-op ploughing £125m into cutting the prices of fresh fruit and vegetables in its 2,800 UK stores.

The move by Co-operative Food – in its attempt to become the UK’s number one convenience retailer – will escalate the price war between the big five supermarkets, in the face of the ongoing threat posed by discounters Aldi and Lidl.

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Sainsbury's sales fall for sixth consecutive quarter 10.6.2015 The Guardian -- Front Page

Supermarket vows to fight back against rivals after like-for-like sales excluding petrol fell 2.1% in the three months to 6 June

The supermarket price war has taken a further toll on Sainsbury’s as the chain reported its sixth quarter of falling sales.

Like-for-like sales at the supermarket group fell 2.1% in the three months to 6 June excluding petrol, which is slightly better than analysts’ expectations. Including petrol, sales were down 3.7%.

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UK Stocks-Factors to watch on June 9 9.6.2015 Sify Finance
LONDON, June 9 (Reuters) - Britain's FTSE 100 index is seen opening down by 6 to 8 points, or as much as 0.1 percent lower on Tuesday, according to financial bookmakers. For more on the factors
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Tesco scandal puts spotlight on UK's annual company audit checks 29.5.2015 Sify Finance
By Huw Jones
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Tesco scandal puts spotlight on UK's annual company audit checks 29.5.2015 All International Stories
Tesco's book-keeping scandal has prompted Britain's accounting policeman to turn a spotlight on annual reports in the retail sector to check for similar irregularities.
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Trent posts Q4 net profit at Rs 11 crore 27.5.2015 All Companies Stories
The retail arm of the Tata group, Trent today reported a standalone net profit of Rs 11.44 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 24.96 crore for the March period of the previous fiscal, Trent said in ...
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The multiplier effect of analytics 26.5.2015 HBL: New Manager
Big Data is a key raw material, and processing it can make or break an enterprise
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Why the free ride? 25.5.2015 HBL: Home
This refers to your edit, ‘Cutting the knot’ (May 25). The government should allow 100 per cent FDI in multibrand retail. Allocating some percentage for FDI and allowing a joint venture be...
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UK tops chart of EU food waste 22.5.2015 The Guardian -- World Latest

France has announced measures to tackle food waste as reports show that billions of tonnes of food is wasted each year around the world - and the UK is one of the worst offenders

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'Will Consider Repealing 51Percentage Multi-brand FDI' 22.5.2015 newindianexpress.com
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Demand for rapeseed oil turns farmers' fields to gold 17.5.2015 The Guardian -- Front Page
Number of British farms growing rape increases rapidly as consumers turn to cheaper, healthier alternative to olive oil It is a heart-warming sight that deserves to be bottled. On a sunny May morning in east Suffolk as far as the eye can see, the flat but gently rolling fields are a vibrant shade of yellow. Bees and butterflies are flitting around the blooming rape flowers which will gradually die off, leaving the seedpods to be harvested in July and August. This scene of expanding fields of gold is being replicated across the UK as farmers turn more of their land over to growing rapeseed. Retail experts report it is now the fastest growing vegetable oil in the UK, with supermarkets expanding their ranges to meet shoppers’ appetite for a cheaper, healthier alternative to olive oil. Rapeseed oil has the lowest saturated fat content of any edible oil – just 6% compared with 14% in olive oil and 51% in butter –is rich in Omega 3 – which is good for blood circulation and young brains – and contains Omega 6 ...
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After Walmart exit, Bharti explores brand new biz plans 14.5.2015 Rediff: Business
After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
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States opposed to multi-brand retail FDI in favour on paper 13.5.2015 Latest News
Both BJP and AAP are opposed to FDI in multi-brand retail as entry of international players could mean significant loss of business for neighbourhood stores
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Has Bharti finally found its retail strategy? 13.5.2015 Features
After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
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Tesco to close last six UK Homeplus stores with loss of 450 jobs 12.5.2015 The Guardian -- Front Page

Supermarket group abandons attempt it started in 2005 to create non-food store chain as part of cost-cutting measures

Tesco is to close its last six Homeplus stores in the UK with the potential loss of about 450 jobs, bringing the curtain down on a business it had hoped to build into a new chain selling non-food goods.

The outlets in Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston will close on 27 June.

Related: Tesco timeline – the retail giant's rise and fall

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Future-Bharti merger to lead to further consolidation in retail 4.5.2015 News
Future Retail-Bharti Retail merger is expected to lead to further consolidation in the $ 500 billion retail industry which is starved for funds
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The average supermarket is chilly, fluorescent-lit hell. Here’s how to fix it 27.4.2015 The Guardian -- Front Page
My radical plan to reinvent Tesco: a supermarket that promotes sociability, shares its data and looks after your health ‘There are some stores,” Tesco’s beleaguered boss Dave Lewis suggested last week, “where we might want to put a giraffe in there.” The thought was only marginally less surreal than the loss he had just announced: at £6.4bn it was the largest writedown in British retail history . It was only after a moment’s puzzlement that the non-specialist journos in the room realised he was talking about a restaurant, not a quaduped. Tesco, it turns out, not only owns the Giraffe restaurant chain ; it has a stake in the coffee shop Harris & Hoole and the Euphorium bakery, all of which run concessions in or near Tesco stores. Lewis inherited the acquisition of these family-focused cafe brands from the same management team whose stewardship led to Tesco having to restate its finances, submit to a serious fraud inquiry and report a giant loss. And though he’s ditched much of the old strategy, Lewis is ...
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Tesco to go slow on India operations 27.4.2015 Latest News
Move follows record global loss, seen as a setback for multi-brand retail
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