Sainsbury's chief executive, Mike Coupe, has predicted discount supermarkets are set to gobble up nearly 15 per cent of the market by 2022.
Clydesdale Bank is to be split from its Australian parent company and then floated. The Glasgow-based lender, which includes Yorkshire Bank, is to have 70% to 80% of its shares transferred to existing shareholders of National Australia Bank (NAB).
TOKYO (Reuters) - Asian stocks slipped early on Thursday, taking a lead from weaker Wall Street, while a continuing rise in euro zone debt yields amid a global bond rout kept the euro hovering at a two-month peak versus the dollar.
One of Britain's largest tobacco companies is blaming its recent decline in sales on the instability caused by Islamic State (ISIS) in the Middle East.
May 6 (Reuters) - Life insurer Prudential Financial Inc reported a 64 percent jump in quarterly profit, helped by an increase in income from its U.S.