Tesco results – what the analysts say Subscription
Tesco today announced a sharp drop in first-half profits but also revealed a recovery in volumes. Here is what leading City and retail analysts had to say about the results
Tesco’s first half profits halve as sales stabilise Subscription
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
Tesco has reported that volumes and transactions have grown during its first-half helping to slow the decline of like-for-like sales in the UK but its profits have halved. Alsp, AB InBev has tabled a £68.2bn improved offer for SABMiller; Diageo and Heineken have agreed disposals worth £515m in Jamaica, Malaysia, Singapore and Ghana; and Conviviality has completed its £200m reverse takeover of Matthew Clark.
Tesco moves to simplify supplier payment terms Subscription
The changes, effective from the end of June 2016, were announced this afternoon by CEO Dave Lewis at the IGD conference
Tesco told The Grocer today it was conducting trials at stores in Northern Ireland of a revamped version of Price Promise
Tesco boss Dave Lewis has axed one of the three key CSR pledges launched by his predecessor Philip Clarke
Tesco has faced criticism from the NFU after AHDB Beef & Lamb revealed the proportion of British lamb on its shelves fell…
The retailer is expecting a £30m a year windfall from the plastic bag charge
The 600-strong TSDG is currently the subject of a major review
Tesco culls Carlsberg lines as part of Project Reset Subscription
Tesco will only stock four-packs in 200 stores from now on
This is the latest move by CEO Dave Lewis as he seeks to shore up the supermarket giant’s finances
The German discounters, Aldi and Lidl, reported sales growth of 17.3% and 16% over the period
Softly, softly: how chief product officer Jason Tarry is resetting Tesco
Suppliers fear being dragged into the ongoing Serious Fraud Office investigation, a top negotiation expert claimed
Tesco has teamed up with agricultural purchasing group Anglia Farmers to launch a new ‘Producer Club’ for suppliers…
Tesco has hit back at criticism over the display of New Zealand lamb on shelves underneath a Scottish banner
Tesco sells Homeplus to investors for £4.2bn Subscription
The sale marks another step in the scaling down of the global empire built by Sir Terry Leahy and Philip Clarke
City snapshot: Tesco agrees to sell Homeplus Subscription
Tesco has agreed to sell its South Korean retail arm Homeplus to a consortium led by MBK Partners for £4.24bn, plus Associated British Foods warns over sugar and currency impact and all the rest of the news from the City.
Tesco layout rethink reflects menu planning at home Subscription
Tesco is trialling new layouts in 50 stores as part of chief executive Dave Lewis’ Project Reset
Ginsters and Soreen owner Samworth Brothers has appointed former senior Tesco executive Richard Marris to the newly created role of brands director.
Tesco has named a consortium led by South Korean buyout group MBK Partners as the preferred bidder for its business in the country, according to reports.
The retailer will pay suppliers 29.93 pence per litre until 28 February 2016
Tesco and Sainsbury’s have recalled own-label bran flakes over fears they may contain pieces of plastic.
The SFO launched its investigation into the £263m black hole in Tesco’s finances in October
Tesco and Morrisons join new logistics initiative Subscription
Tesco, Morrisons and Boots have joined forces to smooth out inefficiencies in inbound logistics
Tesco’s delisting of Carlsberg boils down to the theory of probability
Availability is probably the most important and definitely the most undervalued facet of grocery retailing
Attentive staff help Tesco shine Subscription
Tesco Beckenham scored fantastically this week, featuring a “spacious and logical” store
Darren Swain, Tesco Beckenham: G33 store of the week Subscription
”When I started more than 30 years ago it was drilled into us that everything Tesco did was about the customer”
Can the Groceries Code Adjudicator compel suppliers to give evidence against Tesco?
Tesco yet to sharpen its Grocer 33 pricing pencil Subscription
It’s back to school week, and normally that signals the start of a fresh price war
Sources suggest the chain is wary of alienating shoppers through implementing the SKU cull too quickly
Tesco Finest Free From Carrot Cake: acid test Subscription
Part of Tesco’s premium Finest range, this wheat and gluten-free cake is made with rice flour, potato flour and…
Tesco’s pioneering move was portrayed as a witch-hunt against childhood favourites
Tesco to rid supermarket checkouts of that phrase Video Subscription
Tesco has been nothing if not prolific when it comes to reinventing great British traditions of late – and, no, we’re not talking about Ribena…
Tesco’s Dave Lewis knows in-store traffic will fuel a return to growth
Aggressive price competition on four-pint bottles of milk has been a staple of the supermarket milk price war for years…