Tag: Tesco
Tesco criticised as chief pockets £4.75m amid soaring prices
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Tesco has been criticised for paying its chief executive £4.75m last year, including the highest annual bonus awarded by the supermarket since 2016, as families struggle with rising food costs. Ken Murphy’s package in...
The Tesco chairman is backing a windfall tax. This is not business as usual
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It’s a delicate moment for a chairman of Tesco, trying to describe reality while maintaining the brand-boosterism that someone in some distant MBA hell decided the shareholders demand. In an interview on the Today pro...
Tesco focused on keeping prices ‘in check’ as profits double
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Tesco doubled pre-tax profits to more than £2bn last year but has warned on profits for this year as it faces a battle to “keep the cost of the weekly shop in check” amid soaring inflation driving up costs and squeezi...
Two Lidl ads banned over ‘misleading’ Tesco price comparison
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Two Lidl adverts claiming shoppers could make big savings compared with Tesco have been banned after a complaint from the rival discounter Aldi. The advertising watchdog said it was banning the ads, one of which claim...
Don’t let dust cloud your judgment: Tesco urges shoppers to buy sandy veg
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Windows and cars were not only the things coated by the recent Saharan dust cloud that made English skies glow orange: supermarkets are urging shoppers not to turn their noses up at dusty peppers and lettuces. Tesco h...
Tesco to stop selling baby wipes that contain plastic in first for UK supermarkets
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Tesco is to become the first of the main UK retailers to stop selling baby wipes containing plastic, which cause environmental damage as they block sewers and waterways after being flushed by consumers. The supermarke...
Tesco chairman warns of food price inflation at 5% by spring
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The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation, as he predicted it will soon hit 5%. John Allan, who has chaired Tesco since 2015, told the BBC’s...
Tesco ditches night shifts, putting 1,500 jobs at risk
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Almost 1,500 jobs are at risk at Tesco as the supermarket ditches night shifts in more than 80 stores and almost 40 petrol stations. The potential job cuts emerged only a day after the UK’s biggest supermarket chain s...
Tesco faces ‘stock shortage’ as threat of strike action widens
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The risk that Tesco will be severely hit by strike action in the crucial pre-Christmas period has escalated dramatically, after the number of distribution centres facing staff walkouts more than tripled to 13 – more t...
Tesco could face empty shelves over pay dispute, Unite union says
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Strike action at Tesco could lead to empty shelves in the run-up to Christmas, the Unite trade union has said, after its members voted to walk out unless they are offered a pay deal that keeps pace with inflation. The...
Tesco website and app back online after hack attempt
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Tesco’s website and app are up and running again after a hack, which left thousands of customers unable to shop online at the weekend. The outage, which meant customers were unable to unable to book deliveries or amen...
Tesco website hit by hackers, leaving thousands of customers frustrated
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Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket. The outage means that its grocery website and app are down for a second day, lea...
Tesco takes on Amazon Go with launch of ‘just walk out’ store
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Tesco is fighting back against Amazon with its first “just walk out” store, where it is possible to buy groceries without having to scan items or visit a till. The supermarket’s GetGo store in Holborn, central London,...
Tesco warns of Christmas panic buying if driver shortage persists
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Tesco has warned government officials that empty supermarket shelves caused by a national shortage of HGV drivers could lead to panic buying across the UK in the lead up to Christmas. “Our concern is that the pictures...
Tesco offers lorry drivers £1,000 signing-on fee due to shortage
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Tesco is offering a £1,000 signing-on fee for lorry drivers who join the company before the end of September, as it scrambles to overcome a desperate shortage of workers that has led to gaps on supermarket shelves. Th...
Tesco Bank to close all current accounts from end of November
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Tesco Bank has announced it is closing all of its customers’ current accounts from the end of November, and that it will write to them in the next fortnight to advise them what they need to do. The banking arm of the ...