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Tesco quits U.S. as profits fall for first time in 20 years

LONDON - Tesco, Britain's biggest retailer, confirmed it will exit its loss-making business in the United States, taking a 1 billion pound ($1.53 billion) write-off that knocked its year profit down for the first time in two decades.

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Found 1 month ago on channel Reuters

Tesco's year-old revamp weaned on fresh food focus

LONDON - After a decade pushing its non-food business, Tesco , Britain's biggest retailer is changing, and a conspicuous focus on fresh produce greets shoppers at its newly styled superstores.

britain business london tesco

Found 1 month ago on channel Reuters

Billionaire Steinmetz sues former adviser over Soros link

LONDON - Israeli billionaire Beny Steinmetz is suing his former London-based business advisers and a British ex-minister in a battle over Guinea's mineral wealth.

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Found 1 month ago on channel Reuters

Consumers Happier With Closure

New research shows that consumers are happier with their choices if they have “closure” after they make a decision, providing implications for both marketers and dieters. Three academics from the London Business School conducted four studies, one of which asked participants to choose a piece...        

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Found 1 month ago on channel Abc News

Feelin' queasy? More air turbulence over Atlantic

LONDON -- Tourists, exchange students, masters of the financial universe and other business travelers: It's time to buckle up....

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Found 1 month ago on channel Associated Press