Tesco news and analysis – Page 41
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NewsMarket reacts positively as Tesco beats expectations despite margin squeeze
Tesco’s margins and profits were hit by shoppers cutting back last year, but the market reacted positively to its tightrope walk between protecting margins and market share
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Comment & OpinionLike the Red Bull F1 car, Tesco Clubcard now has an even faster model
Tesco has opened up an unassailable lead in the loyalty card stakes
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NewsBooker proves a star performer for Tesco as sales soar 12%
Over the year it saw a net increase of 451 in the number of retail partners it supplies
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NewsMedia Bites 14 April: Tesco, Asda, Sainsbury’s/milk
Britain’s biggest grocer expects flat full-year profits as inflation continues to take a toll on its customers and suppliers
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Comment & OpinionTesco is the wrong target for profiteering accusations
CEO Ken Murphy says Tesco is getting the balance right between helping cash-strapped shoppers and supporting its staff and suppliers
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NewsAldi and Lidl join Tesco and Sainsbury’s in cutting milk prices
Four pints of milk now costs £1.55
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NewsThe Grocer shortlisted for three PPA Awards
The nominations were the culmination of a hugely successful year and a lot of hard work, said Lorraine Hendle, managing director of William Reed’s retail and manufacturing division
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NewsTesco is doing what it can to support shoppers, says CEO Murphy
The Tesco boss was speaking as the UK’s biggest grocer posted a 5.3% increase in group sales to £57.7bn for the year to 25 February
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NewsTesco profits halved amid ‘incredibly tough year’ for consumers
Tesco’s full-year profits have more than halved as lower sales volumes, cost inflation and writedowns of its property and assets due to economic conditions. Plus Science in Sport decides against sale and trading updates from PZ Cussons and Imperial Brands
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NewsMedia Bites 13 April: Planet Organic, Tesco, British growers
Holland & Barrett is weighing a last-ditch rescue bid for Planet Organic, according to media reports this morning.
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NewsNorwegian salmon prices continue to soar
Rising costs and reduced volume have pushed up prices of Norwegian salmon, which accounts for almost half of UK supply
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NewsTesco to recycle ready meal packaging back into food trays
PET trays collected via kerbside waste will be recycled and converted back into food-grade plastic trays, in what the retailer claimed was an industry first.
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NewsSainsbury’s overhauls Nectar scheme with Clubcard-style discounts
Customers will be offered lower prices on more than 300 products including Heinz Beanz, Nescafé coffee and Coke Zero multipacks
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsFinnebrogue and Belazu partner to launch plant-based meal kits
Plant Perfect One Pan Bolognese was developed by Belazu chefs and has just gone on sale at 345 Tesco stores
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NewsFish Said Fred launches oven-ready range into Tesco
The range includes a Cod Kyiv, Cheesy Smoked Haddock and Sea Bass Fillets with a Creamy Pesto Crumb
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NewsFuture Farm launches new version of vegan Future Burger
The new burger has the same level of protein as its predecessor while offering lower levels of salt, saturated fat and calories
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NewsTesco angers shoppers with increase in online delivery minimum spend
The move, which kicks in from 2 May, comes as the supermarket looks at ways to increase the profitability of its online operations
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Analysis & FeaturesTesco chief Ken Murphy’s plea to the government
Ken Murphy has made three demands for government support
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NewsQuorn expands fakeaway range with chilled katsu fillets
The vegan Katsu Fillets (rsp: £3.75/ 280g) will be available in Tesco from 3 April