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UK's Asda says retail veteran Stuart Rose to lead business

UPDATE 2-UK's Asda says retail veteran Stuart Rose to lead business Co-owner Mohsin Issa steps back from leadership role Search for permanent CEO continues Asda has been losing market share Adds latest market share data paragraph 3, detail 10 to 12 By James Davey LONDON, Sept 18 (Reuters) - British supermarket group Asda, which has been losing market share, said its chairman, veteran retailer Stuart Rose, will assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back fr
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UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays UK supermarket sales up 4% in four weeks to Sept. 7 Ocado and M&S are fastest growing grocers Asda remains the worst performer LONDON, Sept 18 (Reuters) - British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer holidays, industry data showed on Wednesday.
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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British Business - Sept 13

PRESS DIGEST-British Business - Sept 13 Sept 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British public debt is likely to soar to triple its current level over the next 50 years if future governments do not take action, due to pressures from an ageing population, climate change and geopolitical risks, the Office for Budget Responsibility said on Thursday.
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Tesco loses UK legal battle over 'fire and rehire' of staff

UPDATE 3-Tesco loses UK legal battle over 'fire and rehire' of staff Tesco cannot 'fire and rehire' to remove increased pay – court Ruling is 'win for the trade union movement', union says Retailer says it wanted to 'ensure fairness' for staff Adds government comment in paragraph 5 By Sam Tobin LONDON, Sept 12 (Reuters) - Tesco TSCO.L was not entitled to terminate some employees' contracts and offer to rehire them on less favourable terms, the United Kingdom's Supreme Court ruled on Thursday.
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