Tesco on track to be Number 1

Tesco is on track to become the UK's number one non-food retailer, a new report says.

Tesco is on track to become the UK's number one non-food retailer, a new report says. Its expansion into clothing, electricals, entertainment and homeware has boosted its share of the £168bn sector.

Meanwhile the supermarket chain appeared to have Las Vegas in its sights after a newspaper report detailed further potential expansion by the chain in the United States.

The chain has already revealed plans to open mini-supermarkets along the West Coast.

Pensions pick-up boost for Aviva

NORWICH Union owner Aviva said half-year profits rose by 27% after benefiting from a strong pick-up in the UK pensions market.

Aviva said sales in UK long-term savings rose 43% to £6.9bn, helped by an 86% increase in individual pensions business following regulatory changes and amid industry-wide warnings of potential retirement shortfalls.

Broadcaster's profits up 12%

BELEAGURED broadcaster ITV announced a rise in profits yesterday, but said it continued to battle an increasingly tough advertising market. The group reported a 12% rise in pre-tax profits to £173m for the six months to June 30, but anticipated a 14% fall in advertising revenue in the three months to September.

Enodis shares price slumps

KITCHEN equipment group Enodis saw its share price slump 17% after a three-month takeover saga went off the boil. The fall came as Enodis and its US bidder Manitowoc failed to reach a "mutually acceptable" solution to tackling certain regulatory risks relating to a potential tie-up.

Virtual help is a real success

A NUMBER of businesses across the North-East have reaped the rewards of real success in international trade with the help of UK Trade & Investment's Virtual Export Manager programme.

The project, part funded by the European Regional Development Fund, has completed its first year of operation during which 18 companies have received support, totalling more than 475 days of assistance from their export experts.

Journalists

David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer