retail sales

Tesco shares rose as much as 15% today after the retailer announced plans to save £1bn, prompting a wider rally for the troubled supermarket sector.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it cancel its full-year dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

UK retailer Mulberry has issued a profit warning after a "greater than anticipated" decline in wholesale sales.

Is the retail recovery all smoke and mirrors?

UK profit warnings have hit a three-year high after more than 100 warnings were issued in the first half of 2014, according to a new report.

RETAIL

Shares in some of the UK's leading retailers - including Morrisons and Tesco - were tumbling this morning as poor Christmas trading impacted retail bellwethers.

Discount retailer Poundland is reportedly considering an £800m flotation on the London Stock Exchange next year.

Soaring demand from retail investors for Royal Mail shares has pushed the estimated opening share value above £4.00.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.