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Supermarkets absorb news that Amazon will lower prices at Whole Foods Market.
J Sainsbury shares gained in early Tuesday trading after the supermarket reported better-than-expected first quarter sales.
Slumping U.K. consumer confidence, which fell to a one-year low Friday amid signs of a slowdown in spending, has sent domestic retail stocks into a tailspin.
Aided by favorable political news-flow and an absence of adverse economic or earnings data, Europe's benchmarks posted some of the strongest gains seen in the last two months.
Amazon's blockbuster buy of Whole Foods knocks down supermarket shares in Europe, as the big grocers fear the implications of the U.S. deal in their home markets.
European stocks rebounded with a bang Friday as recent central bank actions fell by the wayside and markets took heart from the latest bailout deal between Greece and the EU.
Premier Foods stock gained Monday after it said it had renewed its license agreement with Mondelez
Wm Morrison stock gained in early Thursday trading as sales growth gathered pace in the first quarter, with same-store sales up 3.4%.
Stocks were mixed across Europe as investors responded to the latest raft of corporate earnings while also remaining cautious ahead of the Federal Reserve
J. Sainsbury's posted modestly stronger full year earnings Wednesday even as sales rose by more than 12% in the country's fiercely competitive grocery store market.
Britain's biggest supermarkets see market share trimmed as competition from low-cost competitors heats up.
Ocado shares surged to their highest level of the year Tuesday after reports of a possible tie-up with Marks & Spencer.
Commodity exposure drove London higher, Paris broke even and Frankfurt dipped
London benchmarks rise on commodity exposure while Paris and Frankfurt pare losses.
Sharp rise in food price inflation and increasing competition from low-cost rivals hits supermarket's bottom lines
This is your round-up of the financial news from around the world.
The U.K.'s biggest supermarkets, saw sales fall in the 12 weeks to March 26, according to industry data, as inflation bites and low-cost competitors shine.
Britain is the second largest market for Google, generating $7.8 billion primarily from advertising in 2016.
Google intends to go on a hiring spree to combat extremist content and introduce more safeguards for advertisers
Google's treatment of extremist content is coming under fire as more companies temporarily pull advertising from Google's YouTube and programmatic advertising platforms.
Sainsburys posted a slowdown in overall group same-store sales in its fiscal fourth quarter amid increasing questions about the strength of the British consumer and the impact of rising inflation.
Walmart's U.K. division was the only supermarket to see declines in the 12 weeks to Feb. 26, supermarket industry data show
U.K. consumers, hit by rising inflation, are foregoing larger purchases to spend on essentials, according to data published Tuesday from the British Retail Consortium
Consumer confidence in the U.K. fell in February as shoppers contend with increased prices and Brexit uncertainty, new figures show, sending supermarket stocks down.
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