Tesco news and analysis – Page 161
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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
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NewsTesco analysts bullish about prospects despite profit forecasts
Analysts expect good news as well as bad in Wednesday’s results
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NewsTesco chairman attacks EU referendum plans
John Allan warns major businesses will move overseas if faced with uncertainty
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NewsTesco pension changes to be fought by union
An official consultation process between Tesco and Usdaw began today and will run for a minimum of 90 days
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NewsDave Lewis ditches Tesco Steering Wheel in favour of Big Six
Lewis has consistently said Tesco’s business has become too distracted from its core priorities but scrapping the Wheel is a bold move
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NewsTesco buys up remaining stake in Euphorium Bakery
Tesco has bought up the remaining slice of the Euphorium Bakery business, despite reports that it planned to scrap the venture.
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NewsTesco Mobile sends Samsung Galaxy 6 into space (almost)
The phone was launched on a space balloon from a secret location in the Peak District yesterday and the journey to the edge of space took over 2 hours