Tesco is struggling to stock key staples after price row with Unilever October 12, 2016 Tesco boss Dave Lewis is on a collision course with the company where he earned his stripes after the supermarket revealed it was running out of staple products such as Marmite and PG Tips. The supermarket giant said that it was running low on Unilever products and it is understood that this was as a result of [...]
Autumn Budget 2017: Government to investigate tax on single-use plastics November 22, 2017 Plastics are set to come under scrutiny as the chancellor today announced plans to investigate charges on single-use plastic items. Philip Hammond said he would work with environment secretary Michael Gove to look into how the tax system and charges on single-use plastics could reduce waste. “The UK led the world on climate change agreements [...]
Marks and Spencer turnaround: Retail veteran Steve Rowe must make M&S tills jingle all the way during Christmas period November 9, 2017 Marks and Spencer started this week on a cheery note with the launch of its Christmas advert – but the festive feel didn’t last long for the high-street stalwart. The new advert sent Twitter into a tizzy on Tuesday with some viewers convinced that one of the characters was mouthing a swear word in a [...]
Tesco to build homes on top of London superstores and carparks in bid to raise £400m from extensive property November 20, 2016 Tesco is in talks to build homes on top of its London stores and car parks in a bid to squeeze more value out of its massive land holdings. The supermarket giant hopes that the bold strategy could earn up to £400m. The homes, which could potentially number in the thousands, would take advantage of [...]
Tesco faces £100m damages claim from investors over the overstating of its profits October 31, 2016 Supermarket chain Tesco is facing a £100m damages claim from investors after the firm overstated its earnings in 2014. Bentham Group, which is providing the financial backing for the group's claim, said today that 125 shareholders are involved in taking action against the supermarket when it overstated its profits by £263m. The legal action will seek to [...]
Tesco faces legal action from shareholders over accounting scandal October 3, 2016 Tesco faces fresh legal action over its accounting scandal in 2014. A group of investors are bringing a £150m lawsuit against the retailer, saying they have suffered financially due to the £328m black hole that was discovered in Tesco's accounts two years ago. After it emerged that Tesco had overstated its profits, its share price plunged [...]
Access Denied: The fight against cyber criminals March 5, 2018 Cyber-attacks defy borders and jurisdictions and are recognised as a Tier One threat to national security by the UK government. As the world becomes more connected, the attacks are becoming stronger, more frequent and more sophisticated. Nearly half of UK businesses identified at least one cyber security attack in 2016, according to UK government data, [...]
Three former Tesco executives have pleaded not guilty to fraud charges September 22, 2016 Three former Tesco executives today pleaded not guilty at Westminster Magistrates' Court on charges stemming from the fraud squad's probe into accounting issues at the supermarket giant. Former finance director for Tesco UK Carl Rogberg, 49, ex-UK managing director Christopher Bush, 50, and ex-commercial director for food John Scouler, 48, were each charged earlier this month with one [...]
This stock market index rose 289% but could still be good value March 17, 2018 Over time, smaller company shares have outperformed larger ones, research shows. The FTSE Small Cap index has risen 289% since its nadir in February 2009, compared with a 158% rise for the FTSE 100. Because of their size, “small caps” have the potential to grow more quickly. The quicker a company can grow its earnings [...]
Compass boss Richard Cousins quits after 11 years at the top September 21, 2017 The world’s biggest catering group, Compass, announced this morning that its chief executive Richard Cousins will retire next year. Cousins will step down from his current role in March 2018, and leave the group in September. Chairman Paul Walsh said: “In the past 11 years Richard has transformed Compass into an industry leading organisation that [...]