UPDATE 1-Wal-Mart plans sterling benchmark bond -leads
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US retail giant Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) plans to issue a sterling-denominated benchmark bond following investor roadshows next week, lead managers for the deal said on Thursday.
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Wal-Mart Stores Inc.  on  Thursday said it expects growth of 1 to 3 percent for September  sales at its U.S. stores open at least a year, and that  back-to-school shopping had met its expectations.
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U.S. retailers are expected to post  modest November sales this week, with No. 1 retailer Wal-Mart  Stores Inc. already cutting its holiday outlook on high oil  prices and warmer weather.
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Sterling remained solid against both the dollar and the euro -- which dipped below 0.6850 pounds -- as a week of strong data has prompted some re-evaluation of future interest rate expectations.
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Wal-Mart Stores Inc. , the world's largest retailer, said on Saturday it expects a 0.7 percent increase in November sales at its U.S. stores open at least one year, down from a forecast of 2 percent to 4 percent a week ago.
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Sterling inched up against the dollar Thursday as fresh economic data decreased the likelihood that the Bank of England will cut interest rates in the coming months.
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US retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) already cutting its holiday
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Wal-Mart Stores Inc. WMT.N, the  world's largest retailer, said on Saturday that it still  expects a 2 percent to 4 percent increase in November sales at  its U.S. stores open at least one year.
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Sterling made steady gains against the dollar after better-than-expected economic growth figures dampened expectations that the Bank of England will cut interest rates at its next meeting.
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Sterling punched to a 14-year high against a broadly weaker dollar on Thursday, while expectations that world growth will stay strong despite a slower U.S. economy lifted global stock indexes to fresh record highs.
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Retailers, including industry leader Wal-Mart Stores Inc. , reported June sales that topped Wall Street's lowered expectations on Thursday, raising hope for the back-to-school shopping season.
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The pound rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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Wal-Mart Stores Inc. , the world's largest retailer, said on Saturday that it still expects a 2 percent to 4 percent increase in November sales at its U.S. stores open at least one year.
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By Belinda Goldsmith NEW YORK  - Wal-Mart Stores Inc. , the world's biggest retailer, on Monday said December sales would be at the top end of its outlook on better-than-expected post-Christmas spending, sending its shares up 2 percent.
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Business & money: Pound rises and shares fall on announcement as Bank of England takes 'wait-and-see' approach
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Wal-Mart Stores Inc., the world&#39;s largest retailer, said Saturday it expects a 0.7 percent increase in November sales at its US stores open at least one year, down from a forecast of 2 percent to 4 percent a week ago.
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Retailers, including industry leader Wal-Mart Stores Inc. , reported June sales that topped Wall Street's conservative expectations on Thursday, raising hope for the back-to-school shopping season.