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China Resources Enterprise News

News on China Resources Enterprise (Ticker: 0291) continually updated from thousands of sources around the net.

4 min ago | Just-food.com

UK: Tesco FY profit slides on lower sales, margins

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.

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Tue Mar 25, 2014

Reuters

UPDATE 1-China Resources Enterprise leans on Tesco as profit slumps to 9-year low

China Resources Enterprise Ltd , the country's No.2 supermarket chain, said it will expand in smaller cities and lean on its joint venture with Tesco Plc to turn around a business that posted its lowest profit in nine years.

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Thu Mar 20, 2014

Reuters

UPDATE 1-China Resources Enterprise leans on Tesco as profit slumps to 9-year low

China Resources Enterprise Ltd , the country's No.2 supermarket chain, said it will expand in smaller cities and lean on its joint venture with Tesco Corp to turn around a business that posted its lowest profit in nine years.

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Related Topix: Financial Services, Investment Services

South China Morning Post

China Resources Enterprise profit halved on poor results at retail, food divisions

Net profit at China Resources Enterprise , a retail-focused mainland conglomerate, fell 51.6 per cent to HK$1.91 billion last year from the year before.

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Mon Feb 24, 2014

Asia News Network

BEIJING: Tesco brand reportedly to be dropped in China

Britain's biggest supermarket chain, Tesco Plc, is reportedly dropping its brand in China when it officially enters into a joint venture with China Resources Enterprise Ltd, further consolidating the latter as the largest retailer in the country in terms of market share.

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