Tate & Lyle CFO Nawaz to join Tesco
7th Oct 2020 07:33
(Sharecast News) - Tate & Lyle's Chief Financial Officer Imran Nawaz has resigned from the company to become CFO of Tesco after little more than two years at the food and drinks ingredients company
Read moreTesco ups dividend as first-half profit falls
7th Oct 2020 07:09
(Sharecast News) - Tesco increased its first-half dividend as the supermarket group posted a drop in core profit after Covid-19 related costs and a banking loss more than outweighed rising sales.
Read moreTuesday newspaper round-up: Covid-19 claims, company failures, Google
30th Sep 2020 08:16
(Sharecast News) - Insurers risk sending struggling companies to the wall if they appeal against a High Court ruling on Covid-19 claims, the industry has been warned. Businesses were told yesterday that they may have to wait until next year for a verdict on claims on business interruption policies because insurers were considering an appeal against this month's test case judgment. The latest development potentially shatters hopes that businesses would receive swift payouts. - The Times
Read moreTesco sets sales for plant-based meat substitutes at 300%
29th Sep 2020 08:31
(Sharecast News) - Tesco is set to become the first UK retailer to set sales targets for meat alternatives that are plant-based.
Read moreTesco limits purchases as Covid-19 concerns mount
25th Sep 2020 11:36
(Sharecast News) - Tesco has joined Morrisons in restricting purchases of toilet roll and other staples as shoppers show signs of bulk buying after the government introduced new limits to stem a surge in Covid-19 infections.
Read moreTesco CEO calls on retailers and governments to reduce food waste
24th Sep 2020 10:01
(Sharecast News) - Tesco CEO Dave Lewis said that companies and governments should take advantage of the opportunity the global pandemic has provided to tackle food waste as focus on global supplies increases.
Read moreWaitrose to close four more supermarkets
16th Sep 2020 13:35
(Sharecast News) - Waitrose & Partners is to shut four stores, the supermarket chain said on Wednesday, putting 124 jobs at risk.
Read moreWednesday broker round-up
16th Sep 2020 13:18
(Sharecast News) - Morrison: JP Morgan downgrades to underweight with a target price of 160.0p.
Read moreSector movers: Relief rally in Hiscox after High Court ruling, fresh gains for grocers
15th Sep 2020 16:36
(Sharecast News) - A sharp rebound in shares of non-life insurer Hiscox pushed its sector to the top of the leaderboard after the High Court's ruling on so-called Business Interruption costs in the wake of the pandemic.
Read moreGrocery spending slows as shoppers dine out during August
15th Sep 2020 11:13
(Sharecast News) - Around £155m was wiped off UK grocery sales in August, industry research showed on Tuesday, as consumers took advantage the government's Help Out to Eat Out scheme and the easing of lockdown restrictions.
Read moreTesco to add 16,000 staff as online sales rocket
24th Aug 2020 12:53
(Sharecast News) - Tesco said on Monday it would be creating 16,000 permanent roles as it is now serving 1.5m customers a week online, up from 600,000 at the start of the Covid-19 pandemic.
Read moreShoreCap upgrades Tesco to 'buy', spies return to dividend payouts
5th Aug 2020 16:07
(Sharecast News) - Analysts at ShoreCap upgraded their recommendation for shares of Tesco from 'hold' to 'buy' following what they termed a "robust" first quarter trading update from the grocer.
Read moreAmazon plans expansion of UK delivery service
28th Jul 2020 09:51
(Sharecast News) - Amazon is planning a wider UK rollout of its online grocery service by the end of 2020 as it tries to take advantage of consumers' needs during the pandemic.
Read moreUK grocery sales continue to grow at record rate
21st Jul 2020 11:03
(Sharecast News) - British grocery sales recorded the fastest rate of growth on record in the last three months to top £31bn, industry data showed on Tuesday.
Read moreWalmart resumes talks to sell Asda
20th Jul 2020 15:52
(Sharecast News) - US retailer Walmart has restarted talks regarding a potential sale of Asda having halted previous negotiations in the wake of the Covid-19 pandemic.
Read more