Tesco finally says it's in talks to stockpile goods for Brexit

2019-01-10 14:42

The supermarket has remained quiet on Brexit since the referendum result nearly three years ago, but the UK’s biggest retailer has now disclosed it is planning to stockpile in the run-up to the March deadline.

Tesco profit beats estimates

2016-10-05 09:08

Tesco has reported profit that beat analysts’ estimates, showing that chief executive officer Dave Lewis’s plan to revive the grocer is gaining traction.

Tesco dumps Turkish unit at huge discount to make value

2016-06-10 11:27

Tesco has agreed to sell its majority stake in the Turkish Kipa chain, offloading the unprofitable unit at a huge discount to its market value.

Tesco revamps price-match scheme

2015-10-12 10:00

Tesco has revamped its price-matching scheme to give shoppers instant reductions on branded goods at the till, the latest shot to be fired in the current price war.

Mobile makeover for Britain's scandal-hit banks

2015-08-09 13:14

With reputations tarnished by the financial crisis and a string of scandals, Britain's top banks are trying to adapt and move ahead by embracing mobile technology.

Tesco & “Stockspin” – lessons for Pick n Pay & other retailers?

2015-07-02 16:07

We can learn much from Tesco. It posted one of the biggest losses ever recorded in the UK but is implementing measures to help earnings going forward.

Big four UK grocers share of market to fall 4%

2015-06-11 09:45

Britain's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, will lose 4% of their market share by 2020 as fast growing discounters continue to expand.

Tesco paid new boss £4m in first six months

2015-05-21 11:31

Britain's biggest retailer Tesco paid new chief executive £4.1m in the six months after luring him from Unilever and tasking him with turning around the firm.

Law firm rallies Tesco investors to join lawsuit

2015-03-24 20:00

A law firm is asking Tesco shareholders to join a group that wants to bring a lawsuit and seek billions in compensation for losses relating to the UK retailer's profit overstatement.

Morrisons names former Tesco man as new boss

2015-02-25 13:00

One of the UK’s top supermarkets, Morrisons, has named former Tesco executive David Potts as its new chief executive, completing a triumvirate of Tesco men at the top.

 

Tesco CEO knew things were bad, they were about to get worse

2018-10-11 17:13

Tesco Chief Executive Officer Dave Lewis got 1 300 emails from staff calling for change in his first days in the role. The troubled supermarket’s situation was about to get much worse.

Tesco maintains quarterly growth as turnaround momentum

2016-06-23 09:25

Tesco has reported a second straight quarter of UK sales growth, the first time it’s done so in five years as the grocer’s turnaround gains momentum.

McDonald's to contain Arctic cod fishing

2016-05-25 22:00

Food giants McDonald's and Tesco have signed an agreement to not expand cod fishing into untouched parts of the Arctic.

Tesco profit slump shows turnaround task ahead

2015-10-05 20:30

Britain's biggest retailer, Tesco, is expected to report that operating profit more than halved in the first half of its financial year.

What Shoprite, Pick n Pay & Spar get right – Tesco doesn’t

2015-07-15 12:17

Is it time to think about giving the asset wheels a “spin” and head North East… like Woolies did a few years ago, asks Ted Black.

Tesco beats forecasts with improved trading

2015-06-26 10:15

Britain's biggest supermarket Tesco has showed a tentative recovery in its key home market and is starting to move onto a stronger footing.

Tesco to offer unsold food to British charities

2015-06-04 12:40

Britain's biggest supermarket chain Tesco is to introduce a pilot scheme at 10 of its UK stores to give away each day's unsold food to charities.

UK supermarkets face possible probe

2015-04-21 10:30

Britain's embattled supermarkets face a probe by competition regulators after a UK consumer watchdog demanded an investigation into grocers' pricing practices.

Tesco regains ownership of 21 UK superstores

2015-03-20 11:00

Britain's biggest retailer Tesco has regained sole ownership of 21 superstores in a deal that forms part of a plan to strengthen its core UK business.

Tesco names ex-Excel CEO as chairperson

2015-02-18 10:45

Tesco has named its new chairperson, succeeding Richard Broadbent who will step down following the supermarket's £263m profit overstatement.

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