Tesco staff win legal argument against employer in European Court of Justice June 3, 2021 Thousands of current and ex-Tesco workers won a legal argument in the European Court of Justice today, in a fight they argue centres on equal pay. The court today ruled that employees working in stores can compare their roles to colleagues working in distribution centres for the purpose of equal pay. Mostly female supermarket shop [...]
Tesco bags over £10bn in sales as customers still favour home cooking June 18, 2021 Supermarket giant Tesco has taken in over £10bn in UK sales over the last quarter, with customers still in the habit of home cooking over restaurant dining as restrictions gradually lift. The UK, the chain’s main market, brought in a slight 0.5 per cent lift to sales in the 13 weeks to 29 May, in [...]
This week: Tesco set to report higher sales following pandemic boost April 12, 2021 Tesco is expected to post rising sales this week as its supermarkets stayed open throughout the pandemic. The UK’s biggest grocer may also reveal more muted profits in its update for investors on Wednesday, however, as they are forecast to be broadly in line with last year’s profits. Analysts have predicted that the supermarket, which [...]
LinkedIn: Barclays, Tesco and NatWest ranked top three UK workplaces April 28, 2021 Barclays has been crowned the best company to work for, followed by Tesco and NatWest, according to LinkedIn’s list of the 25 top workplaces in the UK. The list ranks workplaces on their capacity to build and sustain a long-term career and have been compiled based on actions taken by the platform’s 30m UK members [...]
Lidl: Big on expansion with plans to open over 200 more stores across London April 24, 2023 Lidl said it was planning to open a further 200 stores across London as soaring food costs continued to drive demand for discount supermarkets. This morning Lidl released its list of priority locations for new stores across London and the wider UK, with some 247 locations across the capital highlighted as potential sites. Lidl, which [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Tesco slapped with £7.56m fine for selling out-of-date food April 20, 2021 Tesco was slapped with a £7.56m fine for selling out of date food at three of its stores by a Birmingham judge on Monday. The judge at Birmingham Magistrates’ Court also ordered the supermarket giant to pay a victim surcharge of £170, alongside the prosecution costs of £95,500, Birmingham City Council said. The penalty was handed [...]
Pret a Manger plots Tesco store launch in bid to shake off City image May 11, 2021 Pret a Manger is planning to open stores in Tesco supermarkets as it looks to shrug off its reputation as a hotspot for office workers. The trial partnership marks efforts by the coffee chain to broaden its appeal, with boss Pano Christou saying he wanted to “bring Pret to the people”. Its first concession will [...]
Supermarkets hike prices to make loyalty card customers feel like they are getting a discount, new study claims September 15, 2023 Supermarkets such as Tesco and Sainsbury’s could be hiking their ‘regular’ prices to make loyalty scheme customers feel they are getting a discount, according to a new report by Which. The consumer choice group analysed 141 Clubcard and Nectar card prices at Tesco and Sainsbury’s and tracked their pricing history back six months. According to [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]