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Tesco news and analysis – Page 311
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News
Far East: Tesco links with GE for Thai credit card launch
Tesco is teaming up with the Thai division of US giant General Electric to launch a credit card for shoppers in Thailand this summer. Tesco and GE Capital, General Electric's financial arm, will form a £32m joint venture company to set up and...
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Retail crime: hi-tech drive against crime
Tesco is teaming up with South Wales police in a high tech bid to cut crime across the region. Special computer kiosks are being installed in three stores, Talbot Green, Aberdare and Pontypridd, which will contain crime information. The kiosks...
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Tesco: Wasilewski does it again
Analysts are continuing to wrangle over Tesco's accounting policies after ABN Amro analyst Mark Wasilewski again rattled investors with a second research note suggesting Tesco's accounting policy had inflated earnings per share by up to 10%....
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Ireland: Tesco accuses union of jumping gun as store staff v
Tesco Ireland is bracing itself for strike action on June 29 and July 5 after a ballot by unions found 93% in favour of industrial action over low pay. A spokesman from Mandate, which represents over 9,000 of Tesco's 9,500 staff, said further...
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n With the latest results out, is there hard proof Sir Peter
Sainsbury's fortunes have seemed rather like a runaway trolley over the last few years, complete with wobbly wheels. After years of growing market share, it began haemorrhaging customers and profits while arch rivals Tesco and Asda continued their...
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Asda cheapest in survey for fourth year running
Exclusive Sheila Eggleston Asda is still Britain's cheapest food retailer despite facing intense competition from arch rival Tesco. For the fourth year running, the Wal-Mart subsidiary has notched up the highest number of cheapest baskets in...
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Cadbury's Animals 200g Price promotion 69p Gondola end
Cadbury's cake bars 5 Buy one get one half price Gondola end Tesco Cadbury's ice creams Buy one get one free Gondola end Sainsbury Cadbury's Instant Hot Chocolate Break 400g ...
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Tesco: Online help for the blind
Tesco has adapted its online shopping service to cater for blind and partially sighted people, enabling another two million customers to buy goods from Tesco.com. Tesco collaborated closely with the Royal National Institute for the Blind to create...
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South Korea and Hungary: Tesco backs up rapid growth with ne
Tesco is building the infrastructure to support its rapid growth in South Korea and Hungary this year as work begins on two new state-of-the-art distribution facilities due to open in 2002. Tesco's success in Thailand has been attributed in part to...
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Careers: Tesco offers internet access to jobseekers with DoE
Tesco is extending its thrust in the personnel arena to cater for customers shopping for a new career. It has started trials of a free government sponsored internet point for jobseekers. It partnered with the Department of Education and Employment...
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Opinion: Congratulations are in order
The news that six Tesco directors had each pushed home more than £1m in their trolleys after the multiple smashed the £1bn profits barrier sent media pundits into deepest shock horror mode this week. And therein lies a major challenge. How do you...
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Multiples: Tesco staff set to strike after talks break down
Tesco has come under fire from staff and unions on both sides of the Irish Sea this week for paying substandard wage. Tesco Ireland is bracing itself for industrial action after the latest round of talks with unions over the basic rate of pay broke...
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Obituary: Tesco's Hyman Kreitman dies at 86
Former Tesco joint chairman Hyman Kreitman has died at the age of 86. A son-in-law of the multiple's founder, the late Sir John Cohen, he joined Tesco in 1946 as an executive director when the chain had 95 open-fronted shops. He played a major role...
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Republic of Ireland: Tesco blasts RGDATA's price claims
Tesco Ireland has rounded on Irish independents lobby group RGDATA after it accused the multiple of trumpeting price cuts and then quietly hiking prices up again. Corporate affairs manager Sarah Morris accused the lobby group of being...
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Isle of Man: Offshore store wars
Tesco's arrival means times are getting tougher for the Isle of Man's retailers. But the giant is not getting it all its own way says Ed Bedington Dismiss the Isle of Man as a quiet backwater at your peril. On top of overcoming the daily...
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Tesco: Analyst's sell' perplexes the City
ABN Amro analyst Mark Wasilewski's widely publicised sell' recommendation on Tesco has perplexed many of his counterparts in the City. The only broker to issue a sell recommendation on the stock, Wasilewski expressed surprise at the retailer's...
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US online shopping: Rocky ride stateside
Pure players in the US home shopping market have found the trail to profit growing cold while even bricks and mortar based grocers struggle with the logistics. Helen Gregory reports The US was into home shopping long before Tesco Direct vans...
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Republic of Ireland: Strike vote hits Tesco
Tesco's 9,500 Irish staff are to vote on strike action at its 76 stores across the Republic in support of a claim for "significant and substantial pay increases". The two unions involved, Mandate and SIPTU, decided to call a ballot because of what...
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Republic of Ireland: Another round of cuts by Tesco
Tesco has set off another round of price cuts in the Irish Republic its fourth since last September with an average 12% reduction on 120 food and grocery items in its 76 stores. The cuts were immediately matched by Superquinn which also added...
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Republic of Ireland: Tesco aloof as OECD sparks below cost r
A call for the abolition of the Irish Republic's Groceries Order which bans below price selling has re-ignited the long-running dispute over the legislation. The Organisation for Economic Co-operation and Development, an influential European...