The supermarket is on track to reach a 65% healthier food sales target by the end of 2025.
Tesco is to close some stores an hour earlier after being struck by a £235m rise in staff costs from Rachel Reeves’s tax raid.
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Diageo and Tesco were among the FTSE's top fallers after food inflation rose again
All executive positions will continue to report to group CEO Ken Murphy.
Tesco (LSE:TSCO) recently experienced a significant leadership shuffle with Matthew Barnes stepping down, Ashwin Prasad poised to take over as UK CEO, and new executive roles being established. These leadership changes, aimed at guiding Tesco's strategy and transformation, coincided with the company's 7% share price increase over the past month. This upward movement stands out against the broader market, which recorded a 1% decline amid economic uncertainties and fluctuating bond yields. The...
Tesco’s UK chief executive has left the supermarket after just over one year in the post.
The campaign is a response to a challenge set by the King on his 75th birthday.
The UK retail sector is in focus this week, with high street favourites such as M&S due to report, and economic data should shed light on consumer activity.
Tesco, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market. "We source 100% Irish and British beef in Tesco and for the foreseeable future that policy will be the same, we're not planning to change it," Tesco CEO Ken Murphy told Reuters on the sidelines of the World Retail Congress. As market leader, Tesco has a 28% share of Britain's grocery market.
Shareholders appeared unconcerned with Tesco PLC's ( LON:TSCO ) lackluster earnings report last week. Our analysis...
Tesco PLC ( LON:TSCO ) is about to trade ex-dividend in the next 4 days. The ex-dividend date generally occurs two days...
A basket of 79 groceries costs £135.95 at the discount retailer.
Retailers are grappling with a rise in employment costs in the form of higher employer National Insurance Contributions and increased national living wage.
Tesco PLC ( LON:TSCO ) will increase its dividend from last year's comparable payment on the 27th of June to £0.0945...
Tesco (LSE:TSCO) recently reported strong annual financial results, with revenue and net income both showing impressive growth. Despite a decrease in earnings per share from continuing operations, the overall earnings per share increased, and the company completed a significant share buyback program. These positive developments may have helped drive Tesco's share price up by 13% over the past week. In contrast, the broader market remained flat over the same period. The earnings call and...
Sainsbury’s has indicated that profits will be flat over the next year as it faces competition on price and a surge in costs
While uncertainty remains high amid Trump's tariff blitz, Barclays analysts have highlighted six UK stock ideas for the second quarter.
The latest investor updates on stocks that are trending on Thursday.