Ken Murphy news, comment and insight – Page 15
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NewsCity snapshot: Tesco first quarter sales top record 2020 lockdown surge
Tesco has grown its first quarter sales despite the unprecedented surge in demand during the first coronavirus lockdown period in the corresponding quarter last year. Plus, ONS retail sales figures show surprise May slowdown and all the rest of the latest news from the City.
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Comment & OpinionWhy have Tesco and Carrefour bid adieu to their buying alliance?
Extraordinary times and a failure to appreciate the clout of French competition authorities didn’t help. But was the strategy flawed?
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NewsTesco and Carrefour call time on buying alliance
The UK’s biggest retailer and the French hypermarket empire said they wanted to focus on “their own opportunities”
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Comment & OpinionTesco’s Metro closures reflect its failure to reinvent the format. What’s next?
The writing has been on the wall since Tesco launched a review of its Metro lineup two years ago
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NewsExecutive pay plunges at Tesco as Covid costs and bank charges hit bonus targets
The supermarket declined to pay an annual bonus to its leadership team as it failed to hit profit targets
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NewsTesco says coronavirus still a key risk to the business
Tesco has warned there is still “uncertainty” over the long-term impact of the Covid pandemic
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NewsTesco CTO Guus Dekkers joins executive committee
The promotion ‘reiterates the growing importance we assign to technology & digitalisation’ said group CEO Ken Murphy in an email to Tesco staff
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Analysis & FeaturesCan Tesco entice suppliers to cut carbon emissions to net zero?
Tesco is offering incentives to suppliers who report and reduce emissions. So what does it mean for suppliers, and is there a catch?
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NewsCampaigners abandon AGM revolt after Tesco makes new obesity pledges
ShareAction was planning to stage a revolt at next month’s Tesco annual meeting
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NewsCo-op own-label food and drink to be carbon neutral by 2025
The move is part of a new 10-point climate plan to hit net zero carbon emissions by 2040
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Comment & OpinionTesco should reduce meat sales if it’s serious about tackling climate change
Selling industrial meat at the rate Tesco does is simply not sustainable, says Greenpeace executive director John Sauven
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NewsEnding free workplace Covid testing dubbed ‘short-sighted’ by food and drink industry
From June, the government will no longer provide lateral flow testing kits to businesses
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NewsBuyout funds eyeing ‘undervalued’ UK supermarkets
Global buyout funds are eyeing the opportunity to take more UK supermarkets back into private hands after Covid left the major grocers undervalued
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Comment & OpinionThe flipside of the ‘coiled spring’ of unlocking is the nasty kickback of Covid
A new generation of shoppers will remain stuck indoors: too poor and/or too fearful to go out
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Comment & OpinionHow Tesco can improve the health of its peers, as well as the nation
Shareholder support for corporate action on healthier diets could translate into many more companies setting similar targets, says Paul Lindley, Ella’s Kitchen founder and chair of London’s Child Obesity Taskforce
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NewsMedia Bites 15 April: Tesco, Asda, Deliveroo, pubs
The first annual results delivered by new CEO Ken Murphy gets blanket coverage in the papers this morning.
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Comment & OpinionEnd of in-store social distancing will be down to the government, not Tesco
Ken Murphy is in ‘no hurry’ to get rid of social distancing – but Tesco’s shareholders will be, given the £900m knocked off profits
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NewsKen Murphy: Tesco in ‘no hurry’ to end social distancing
Tesco predicted it would face at least another £200m of pandemic costs in the current financial year
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NewsTesco says it is finding it ‘challenging’ to roll out Covid tests for staff
Tesco chief people officer Natasha Adams has written to staff, encouraging them to take up the offer of free testing by local authorities