Tesco gives below-inflation wage rise to shop workers
7th Apr 2022 15:30
(Sharecast News) - Tesco announced a 55p-per-hour pay rise for its supermarket staff on Thursday, bringing the UK's largest private employer into line with its discounter competitors in terms of pay.
Read moreGrocery inflation hits 10-year high
29th Mar 2022 10:21
(Sharecast News) - UK shoppers are increasingly turning to cheaper own brand products, industry data showed on Tuesday, as grocery inflation rose to a near decade high.
Read moreMorgan Stanley prefers Tesco over Sainsbury, says it's best placed for rising inflationary environment
25th Mar 2022 10:16
(Sharecast News) - Analysts at Morgan Stanley reiterated their preference for shares of Tesco over rival Sainsbury, arguing that the former was better placed to adapt to the expected higher food inflation and to protect its margins.
Read moreSunday share tips: Tesco, DS Smith
13th Mar 2022 13:50
(Sharecast News) - The Financial Mail on Sunday's Midas column recommended shares of five companies to readers, pointing out that history proved that the best time to buy shares was often when everyone else was running scared.
Read moreGrocery sales stabilise as challenges mount
8th Mar 2022 13:53
(Sharecast News) - UK grocery sales stabilised last month, industry research showed on Tuesday, as the sector continued to rebound from the worst of the pandemic.
Read moreLidl, Aldi benefit from grocery inflation as supermarket spending falls
1st Mar 2022 09:14
(Sharecast News) - Spending in UK supermarkets fell over the last three months, but still remained above pre-pandemic levels, even as grocery prices continued to surge.
Read moreSunday newspaper round-up: Tesco, Vodafone, Bank of England
6th Feb 2022 19:22
(Sharecast News) - The head of Tesco, John Allan, thinks the worst of food price inflation "is yet to come", predicting that it will soon rise to 5%. In remarks to the BBC, the chairman of the grocer said: ""In some ways the worst is still to come - because although food price inflation in Tesco last quarter was only 1%, we are impacted by rising energy prices. Our suppliers are impacted by rising energy prices. We're doing all we can to offset it ... but that's the sort of number we're talking about. Of course, 5%." - Guardian
Read moreTesco puts 1,600 jobs at risk by scrapping night shifts
1st Feb 2022 10:43
(Sharecast News) - Tesco said about 1,600 jobs were at risk as the supermarket chain decided to scrap night shifts in many of its stores and petrol stations.
Read moreSupermarket prices rise as cost of living mounts
1st Feb 2022 08:57
(Sharecast News) - Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount.
Read moreGetir to spend £100m, add 6,000 jobs in UK this year
24th Jan 2022 14:14
(Sharecast News) - Hurried grocery delivery firm Getir took the wraps off bold UK expansion plans on Monday, involving up to 6,000 new jobs.
Read moreTesco lifts annual guidance again, but inflation dampens outlook
13th Jan 2022 07:03
(Sharecast News) - UK supermarket chain Tesco on Thursday lifted annual profits guidance for the second time in four months after better-than-expected third quarter and Christmas sales but warned of inflation hitting operating costs.
Read moreAuchan mulling fresh bid for rival Carrefour
5th Jan 2022 16:52
(Sharecast News) - France's Auchan was reportedly mulling a fresh bid for rival grocer Carrefour in order to face down competition from rivals Aldi and Lidl.
Read moreTesco wins as supermarkets back in favour over Xmas - Kantar
5th Jan 2022 08:56
(Sharecast News) - UK supermarkets became popular once again as sales their highest level since March 2020 over Christmas with Tesco emerging as the main beneficiary.
Read moreJust Eat strikes grocery deal with Tesco's One Stop chain
22nd Dec 2021 11:04
(Sharecast News) - Just Eat Takeaway strengthened its position in the UK groceries-on-demand space on Wednesday, striking a deal with the Tesco-owned convenience brand One Stop.
Read moreTesco averts another strike with Usdaw pay deal
14th Dec 2021 15:01
(Sharecast News) - Tesco has averted another potential strike in the middle of the busy pre-Christmas trading period, it was reported on Tuesday, as it reached a new pay agreement with the Usdaw trade union.
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