Tesco news and analysis – Page 147
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NewsDave Lewis could make over £6.5m a year from pay deal
The total, which is dependent on performance, would be over five times his annual salary
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NewsTesco first to commit to sugar reduction programme
The Grocer can reveal the supermarket giant is to promise a 5% year-on-year, open-ended reduction in sugar across its soft drinks range
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NewsMedia bites 12 May: Tesco, Ahold, Tate & Lyle
Tesco’s decision to axe PwC as its auditor after 32 years gets plenty of column inches in today’s papers.
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NewsTesco ends PwC relationship after 32 years
The retailer said following the conclusion of a formal tender process Deloitte would take over auditing duties
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NewsDave Lewis to bring out Tesco's 'personality and passion'
Lewis broke with tradition from previous years for the event, held at Wembley last week, by providing the keynote address and holding an extended networking session with his entire UK management team and suppliers
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NewsIrwin's bakes up Tesco deal
Irwin’s will supply more than a million packs of Joeys to Tesco annually and the listing of the two lines increase the Co Armagh bakery’s annual business with Tesco by 10%
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NewsMetro Group’s sales rise 2.5% in second quarter but losses widen
German supermarket Metro Group has reported growing sales in its second quarter, but the negative impact of currency movement helped its losses expand to €394m during the period.
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NewsCity snapshot: Tesco knocks back £4bn approach for South Korean arm
Tesco has knocked back a £4bn for its South Korean business, according to weekend reports.
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NewsTesco Direct links with Sportfolio for Rugby World Cup apparel
Shoppers on Tesco Direct can order home delivery or free click & collect items in store, including official Rugby World Cup sports clothing and equipment
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NewsTesco hands most of own-label soft drinks supply to Refresco Gerber
Cott Beverages ditched as Tesco carries out consolidation play devised by CEO Dave Lewis
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NewsTesco unveils new bonus scheme in 'Turnaround' plan
Tesco staff are to get rewards of up to 5% of their annual income if they help CEO Dave Lewis meet his targets for recovery
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NewsTesco appoints high-flying new brand director
Michelle McEttrick, who has been appointed group brand director, is a former director of BBH, the advertising agency brought in by Lewis in January
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NewsTesco store staff 'could not cope' with boom in online orders
Announcing a £6.4bn loss, the largest in retail history, Lewis said he was encouraged by a reversal in the fortunes of its Extra stores
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NewsDave Lewis hails Tesco Extra turnaround
Lewis claims the stores are now “worth the trip again” and “not the dinosaurs that people made them out to be”
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NewsDave Lewis quizzed by store manager in YouTube video
Manager presses for reassurance over pension plans
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Comment & OpinionHidden Tesco story is the Extra turnaround
Behind the shocking headline numbers, the “dinosaur” Extra stores are bucking the accepted industry narrative
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NewsTesco posts worst results in its history with £6.38bn loss
However Tesco said its trading profits were in line with expectations at £1.4bn, while UK like-for-like sales volumes rose for first time in over four years
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NewsTesco results: What the analysts say
Reactions are coming in thick and fast to Tesco’s record losses
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NewsCity Snapshot: Tesco shares rise slightly despite biggest-ever loss
With all the bad news coming out at once, the City’s reaction seems to suggest that Tesco’s future is brighter, a notion backed up by the first like-for-like sales volumes rise in over four years
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NewsTesco Broadband down for most customers
Tesco says it is working “as hard as possible” to restore services to thousands of broadband customers who have been without a connection for a large part of today