Tesco chief joins calls for energy firms to face windfall tax amid deepening cost-of-living crisis May 10, 2022 Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease pressure on households.
Grocers see more than £1bn wiped off value after Tesco profit warning April 14, 2022 Supermarkets had a total of more than £1bn chipped off their market value on Wednesday, after a warning over inflationary pressures from Tesco. Grocers including Ocado and Sainsbury’s suffered poor performances on Wednesday, after Tesco warned that profit could be hammered by rising costs and shifts in shoppers’ behaviour. Ocado took a hit on the [...]
Investment group backed by ex-Tesco boss probed over allegations of £2m Covid loan misuse May 11, 2022 We Are Nova, a start-up investment group with support from ex-Tesco chief Sir Terry Leahy, is being probed over claims it misused Covid loans. According to The Times newspaper, companies associated with We Are Nova netted almost £2m through the government’s bounce back loan scheme. However, the firms did not seem to be eligible for [...]
Tesco opens new check-out free store October 19, 2021 Tesco has launched GetGo, its first checkout-free store in central London. The new store trial will allow customers to shop and pay without scanning a product or using a checkout. It is rolling out the technology to Tesco Express High Holborn. Customers with the Tesco.com app will now be able to check-in, pick up their groceries walk straight [...]
Tesco launches zero-waste trials in stores September 13, 2021 Tesco has launched zero-waste shopping trials at ten stores where customers can buy goods in reusable packaging so they can be returned and used again, in partnership with Loop, a waste management company. Customers shopping in the ten Tesco stores, all in the east of England where the initiative is being tested, will be able to [...]
Tesco chief Ken Murphy collects £4.7m: 224 times overall pay of median staff member May 13, 2022 Ken Murphy, the chief of supermarket giant Tesco, received a £4.74m pay packet for the past year, the group has revealed in its annual report. The report, which was filed on Friday morning, said Murphy’s bumper total pay deal was 224 times the overall pay of the median member of staff at Tesco. It comes [...]
Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Antivaxxers targeting Tesco Christmas ad set to complain to advertising watchdog November 17, 2021 The antivaxxers who began the #BoycottTesco trend at the weekend have reportedly arranged a campaign to complain to the Advertising Standards Authority. Tesco became the latest subject to antivax protest after it included a double vaccinated Santa in its Christmas advert. Antivaxxers, those who have been against the Covid-19 vaccine rollout, took to Twitter to [...]
Tesco chief: ‘The worst is yet to come’ as energy crisis set to push food prices higher February 7, 2022 Tesco chairman John Allan issued a stark warning on rising food prices yesterday, cautioning “the worst is yet to come” in the coming months. While the supermarket boss said it was troubling people were facing heating or eating, Allan said Tesco had also been hit with soaring energy costs. The average amount of household income [...]
Tesco to axe 1,600 jobs in fresh restructuring plans as union enters consultation talks February 1, 2022 Around 1,600 roles could be axed by Tesco as the supermarket has announced further cuts. The supermarket is planning to restructure its night stock replenishing operations, as well as the closure of some in-store counter services and the Jack’s store format. Tesco said it was moving overnight re-stocking to the daytime in 36 large stores [...]