Tesco strike threat recedes after improved offer
8th Dec 2021 13:35
(Sharecast News) - A strike that could have left Tesco shelves empty over Christmas appears to have been averted after the supermarket chain made an improved offer to its distribution workers.
Read moreCost of Christmas dinner jumps as food prices rise
7th Dec 2021 09:41
(Sharecast News) - Food inflation pushed higher last month, industry data showed on Tuesday, with Christmas staples already costing more.
Read moreTesco faces empty shelves at Xmas as strike threat looms
6th Dec 2021 10:31
(Sharecast News) - Tesco warehouse workers and drivers are preparing to hold a series of strikes over pay which could result in shortages in stores across the country, their union said on Monday.
Read moreSunday newspaper round-up: Taylor Wimpey, BT Group, Boots
5th Dec 2021 18:40
(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday
Read moreRetailers warn over policing on mask mandates in England
29th Nov 2021 13:59
(Sharecast News) - UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Read moreSupermarket visits jump as shoppers look to Christmas
16th Nov 2021 10:34
(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
Read moreSupermarket prices surge as cost pressures bite
9th Nov 2021 10:51
(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Read moreUK retailers want human rights law to protect supply chain workers
22nd Oct 2021 10:23
(Sharecast News) - More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
Read moreTesco starts £500m share buyback
18th Oct 2021 07:22
(Sharecast News) - British supermarket giant Tesco on Monday said it had started its planned buyback of up to £500m in shares.
Read moreUK grocery sales fall as fuel crisis keeps shoppers at home
12th Oct 2021 07:44
(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
Read moreShoreCap stays at buy on Tesco, eyes possible multiple expansion
6th Oct 2021 14:28
(Sharecast News) - Shore Capital's Clive Black reiterated his 'buy' stance for shares of Tesco, telling clients that the business was performing well and that he anticipated ongoing share buybacks or special dividends "reflective of the prevailing share price multiples".
Read moreTesco lifts FY guidance as interim sales, profit soar
6th Oct 2021 07:03
(Sharecast News) - UK supermarket chain Tesco lifted full year earnings guidance after strong first-half sales helped interim profits to more than double against a backdrop of labour shortages and cost pressures.
Read moreWednesday preview: US jobs market, Tesco on investors' minds
5th Oct 2021 14:27
(Sharecast News) - Investors' minds on Wednesday are likely to be on the US jobs market as consultancy ADP releases its closely-followed private sector payrolls report.
Read moreChristmas shortages threat as Tesco staff reject pay offer
17th Sep 2021 14:02
(Sharecast News) - Fears of supermarket shortages ahead of Christmas grew on Friday after truck drivers and warehouse workers at four Tesco distribution centres rejected the company's latest pay offer.
Read moreSupermarket prices rise as cost pressures mount
14th Sep 2021 09:53
(Sharecast News) - Supermarket prices rose sharply in September as grocers cut in-store promotions amid increased cost pressures, a survey showed.
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