Ken Murphy news, comment and insight – Page 17
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NewsMedia Bites 15 Jan: Tesco, ABF/Primark, Scottish seafood
A boom in online grocery shopping delivered £1bn of extra sales for Tesco over the holiday period as the supermarket group toasted a record Christmas
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NewsTesco to employ ‘tens of thousands’ part-time to cope with impact of Covid on workforce
CEO Ken Murphy said the UK’s biggest retailer currently had around 30,000 staff absent because of Covid
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NewsCity Snapshot: Tesco posts Christmas sales growth of 8.1% as Covid costs mount
Tesco has reported a “strong” sales performance in its third quarter and Christmas period, although new coronavirus restrictions have added a further £85m to existing Covid costs. Plus, trading updates from ABF, Bakkavor, Hilton Food Group, Finsbury Food Group and Science in Sport
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Analysis & FeaturesWhitehall Power List: how the political landscape has changed with Covid and Brexit
The key figures who have emerged to drive through not only their own interests, but in some cases those of the entire country
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NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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Analysis & FeaturesCoronavirus business rates relief: which supermarkets are handing it back?
Here’s the list of supermarkets that have agreed to give it back – and the ones that are staying quiet on the issue
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NewsSupermarkets pay back £2bn in business rates as Tesco move sparks chain reaction
Sainsbury’s and Aldi confirmed today that they would pay their business rates this year
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Comment & OpinionTesco’s business rates refund power play puts rivals in an awkward position
Tesco’s decision to refund its controversial business rates windfall has been widely interpreted as a masterstroke
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NewsTesco repays £585m in business rates relief
Tesco has bowed to growing pressure to repay a huge business rates relief windfall from the government
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NewsThe winners of The Grocer Gold Awards 2020
We celebrate the value of the industry’s achievements new and old, and the extraordinary role it has played in response to the pandemic
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Analysis & FeaturesCan supermarkets make subscriptions pay like Amazon Prime?
Amazon isn’t the only one rewarding subscription customers. Grocers are increasingly launching their own models. Will they work?
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NewsCity snapshot: Shoppers spend an extra £260m on supermarket alcohol in preparation for new lockdown
Grocery sales jumped almost 11% in September as shoppers prepared for new lockdown restrictions, with consumers spending an extra £261m. Plus, the latest figures from Nielsen, BRC-KPMG retail sales monitor and Barclaycard spending report.
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NewsTesco’s smooth transition to Ken Murphy wins analyst approval
Ken Murphy on Wednesday revealed that sales soared 6.6% in Tesco’s first half to £26.7bn
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ProfilesHow did ‘continuity candidate’ Ken Murphy fare in first outing as Tesco boss?
The new Tesco boss said he was fully behind its EDLP push, expected the online boom to remain – and showed flashes of charisma
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Grocer 33Tesco Brockworth, Gloucester: Grocer 33 store of the week
“Tesco has invested in a Clubcard champion stationed within larger branches to answer customer queries about how Clubcard works”
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NewsMedia Bites 8 October: Tesco, Ferrero/Fox’s, Greene King
There is a wealth of coverage for Tesco’s half-year results across all the papers today.
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NewsTesco’s new boss Ken Murphy says online surge ‘here to stay’
The supermarket has smashed its record for dotcom grocery orders
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NewsTate & Lyle CFO Imran Nawaz becomes Ken Murphy’s first major Tesco hire
Murphy said there had been an “extensive search” to find the right successor to Alan Stewart
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.