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UK: Non-food helps Sainsbury's Q2 sales rise 5.3%

UK supermarket retailer J Sainsbury Plc today (8 October) posted a 3.9% rise in like-for-like sales for the first half of its fiscal year after sales accelerated during its second quarter.

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World business in brief: British grocer Tesco reports rise in profits

Tesco PLC, Britain's largest grocer, reported Tuesday that its profits for the first half of its fiscal year rose 10.7 percent, despite the difficult retail environment. Net profit for the six months to Aug. 23 was $1.88 billion, up from $1.70 billion the first six months of last year.

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UK: Tesco eyes non-food recovery as H1 profit rises 10.3%

The boss of UK retail giant Tesco Plc today (30 September) said he believes there is "room for recovery" in non-food sales growth as the retail giant announced an increase in underlying first-half profit of 10.3%.

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Bumper profits at Tesco exceed expectations

Tesco Plc, the U.K.'s biggest supermarket company, reported first-half profit that beat analysts' estimates after cutting prices to retain British shoppers concerned about their finances.

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Wal-Mart small grocery stores set for Arizona start

PHOENIX (Reuters) - Wal-Mart Stores Inc plans to open its "Marketside" small-scale grocery stores in the Phoenix, Arizona area on October 4, setting up a showdown with rival Tesco Plc in the market for fresh groceries and prepared foods.

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Wine retailer offers City a refreshing sup

After an exhausting week of financial mayhem, the City probably needs a long drink. Luckily, Majestic Wine is well positioned to offer such services. The wine retailer...

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Food prices should slow down at year end, says Morrison chief

Shoppers can expect food price rises to slow by the end of the year, Morrison Supermarkets chief Marc Bolland said yesterday, although fears about falling consumer spending were enough to send shares in the company down sharply.

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Jeremy Warner's Outlook: Supermarkets make hay while others struggle

Marc Boland, chief executive of Wm Morrison Supermarkets, must be wondering what he has to do to please the markets in their present bearish mood. Yesterday, he delivered sector-busting growth in like-for-like sales for the first half of 7.6 per cent, excluding fuel. Yet the shares fell by more than 6 per cent. How come?

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Morrison sees more market share gains

LONDON (Reuters) - Wm Morrison Supermarkets met forecasts with a 19 percent rise in first-half profit and said it was well placed to continue taking market share as cash-strapped Britons flock to its budget-focused stores.

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Morrison Supermarkets first half profit dips 3%, revenue up

LONDON (MarketWatch) -- William Morrison Supermarkets said Thursday that first-half net income declined to 218 million pounds, from 225 million pounds last year. Revenue rose 13.5% to 7.1 billion, from 6.0 billion a year ago. "This is a solid set of interim results in the toughest trading environment seen for many years," said Chairman Ian Gibson. The company said that it is confident that it will...

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Morrison to top growth league

LONDON (Reuters) - Wm Morrison Supermarkets is set to post a 19 percent rise in first-half underlying profit on Thursday and confirm it is taking market share from bigger rivals as cash-strapped shoppers flock to its lower price stores.

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Morrison to top grocery growth league

LONDON (Reuters) - Wm Morrison Supermarkets is set to post a 19 percent rise in first-half underlying profit on Thursday and confirm it is taking market share from bigger rivals as cash-strapped shoppers flock to its lower price stores.

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September offers from Majestic Wine

Majestic Wine is offering 25% off 2 or more bottles of Spanish Wine this month including Rioja from Marques de Caceres amongst others and a goodly range of Spanish regional wines. PLUS 25% off ARGENTINA e.g.Benmarco Malbec 2006 Dominio del Plata, Mendoza “A deep, rich red, this wine has a palate of black cherry, currants and blackberries [...]

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Majestic Wine Warehouse

Majestic Wine Warehouse08/23/2008 in

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Tesco sells property as it eyes expansion

Tesco PLC said Thursday that it has sold 605 million pounds ($1.1 billion) worth of property in leaseback deals, filling the coffers of Britain's biggest retailer for potential further overseas