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Tesco interims to dominate Wednesday's agenda as markets looks for reassurance
Shore Cap analyst Clive Black has forecast a first-half profit for Tesco of £948mln
Company
Tesco PLC
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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UK food prices could rocket £1.7bn as carbon dioxide costs surge 3,000%
In the first quarter, pubs, supermarkets and farms already had to pay approximately 71% more for gas than in the comparative period of 2021
Tesco results to reveal state of play for the grocery market after Morrisons horror-show
In the retailer’s first-quarter update, the group kept its profit and cash guidance unchanged
List of stores to close on Monday for the funeral of Queen Elizabeth II
Most shopping centres are expected to remain open, leaving the final decision to the individual retailers
Coca-Cola, Tesco and McDonald's in dirty dozen of worst UK packaging polluters, survey shows
"Despite public sustainability commitments, these dirty brands are failing to take meaningful action to stop this harm,” said Hugo Tagholm, chief executive of Surfers Against Sewage
Tesco 'a core holding' with storm clouds ahead, says broker
The grocer is executing its strategy well said Shore Capital
UK consumers cut back in their millions on food and essentials: ONS data
Two out of five people who earn between £10,000 to £30,000 are cutting back on food and essentials
Tesco and other grocers 'unwilling' to cut petrol prices in line with wholesale costs
Drivers are currently paying an average of 183p per liter at pumps, which means some motorists may be paying more than £9 a tank
Tesco and Sainsbury duel over petrol prices - but who really wins?
The short answer is neither side. However, one of our two big grocers comes out of the price war far less scarred
Tesco halts Whiskas and Pedigree pet food supplies in fresh price dispute
The move comes close on the heels of a dispute with Kraft Heinz
Tesco kicks off share buyback
The move comes after Tesco received the go-ahead earlier this year
FIVE at FIVE: FTSE 100 down nearly 150 points, Ketchup wars, strike action and hydrogen lorries in Essex…
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Tesco refuses to carry the can for Kraft-Heinz
When it is big companies getting the squeeze from Tesco, (nearly) everyone cheers. When it puts the boot into smaller suppliers, the reaction is very different.
Asda says shoppers are limiting spending as inflation bites
All the largest UK supermarkets are aware customers’ loyalty is low, with shoppers prepared to hop around based on the best offers
Soaring food prices add £380 to household supermarket bill
Research from Kantar revealed grocery price inflation reached 8.3% over the past four weeks, up 1.3 percentage points on a month ago
Tesco’s update underlines why it’s so worried about Aldi
"Keeping its ranges wide and its prices low has to be the strategy now"
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Tesco to restore a bit of calm to the retail sector on Friday
ASOS, Boohoo and Halfords all issued profit warnings on Thursday but analysts are not expecting any such bad news from the supermarket giant
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FTSE 100 reverses gains to close in red as traders take flight from shares
Britain's blue-chip benchmark finished down around 28 points on Friday, or 0.41%, at 7,016
Supermarkets accused as petrol prices row escalates
Ascona Group operates 59 forecourt sites across the UK
Tesco and Lidl to spend at at least £2.35mln in logo copyright dispute
The German discounter insisted UK's largest supermarket exploited the background of its trademarked logo – a blue square with a yellow circle inside it and a thin red border – for its own Clubcard discounts
What will Tesco's and other retail results tell about cost of living crisis?
The UK's largest grocer has been enjoying strong momentum, but like-for-like sales are expected to fall compared to last year
Tesco rapped for 'misleading' vegan burger environmental claims
The watchdog said the UK supermarket could not back up statements about the green credentials of its non-meat burgers
Supermarkets experiencing a pre-Jubilee surge in spending
Britons are set on ensuring the Queen's platinum celebration goes off with a bang, or failing that, a banger
How do real wage and unemployment figures compare across the globe?
Real wage growth measures the increase in wages when inflation is taken into consideration
Wheat prices soar on India export ban as geopolitics meets global warming
"As prices rise, the temptation of governments to cut back on exports and supply their domestic markets first becomes irresistible," one analyst said
Tesco CEO Ken Murphy gets £4.74mln pay packet
Murphy was been given a basic salary increase of 2.25%, plus a £3.2mln performance-based bonus
Tesco chairman and Queen's Speech both call for solutions to cost of living crisis
Prime Minister Boris Johnson said the government will be "saying more" on the matter in the coming days
Tesco teams up with Uber to assist with delivery service
Fees will be higher on Uber Eats compared to Tesco’s traditional online grocery service
Sunflower oil sales soar as supermarkets bring in rationing
Publicised scarcity encouraged shoppers to stock up on frying oil in a similar frenzy to pre-pandemic cupboard foods stockpiling
Grocery prices going up despite claims of cuts by big supermarkets
Price rises are being passed on to households, though the volume of products on promotion is going down
Household food bills could rise by £271 this year, research company warns
Shoppers turned to German discounters Aldi and Lidl, which along with Tesco were the only three ‘top 10’ supermarkets to gain market share, as budgets were squeezed further
Tesco to pay out £50mln in bonuses as battle to keep staff intensifies
Some 290,000 Tesco employees are to receive bonuses after the firm revealed its profits more than tripled, though the supermarket chain warned of tougher times ahead amid surging inflation
Why are supermarkets keeping prices low?
Undoubtedly, should inflation continue to rise, there will come a time when these retailers need to reassess their strategy
Tesco delivers new £750mln share buyback but warns of lower profits
Profits are expected to fall in the current year, with cost inflation one of three major factors that could influence the outlook
FTSE 100 edges into the green at the close as US earnings season kicks off
It was another disappointing session for European markets, sliding back after another strong inflation report, this time from the UK, said Michael Hewson, chief market analyst at CMC Markets UK
Tesco still a buy but maintaining guidance is key, says Shore Capital
"There remains asset backing (with yield compression), value growth compounding ahead of new capacity, capital discipline and good FCF [free cash-flow] yields of over 7%," Shore said
Tesco update will give a better view on the supermarket sector than "chilling" update from Morrisons
"Morrisons' comments are, of course, to be noted and cautionary, but they also need to be set within the context of the current financing matters for the Bradford based group," Shore Capital said.
Shoppers turn to own-label brands as food price inflation surges
“Supermarkets with a strong food-on-the-go offer will have enjoyed an added boost that is not reflected in the numbers as people picked up sandwiches, snacks and drinks while out and about again," Kantar said.
Food to add to household squeeze as supermarkets pass on costs
The leading supermarkets are expected to pass on much of their own rising costs to the consumer with lower-income homes most impacted
Tesco gives up on Jack's discount stores experiment
The chain was launched under the previous management and on the plus side, it wasn't the disaster that the US venture, Fresh & Easy was
Retailers are upgrading but investors are downgrading - what's going on?
Some investors and analysts were clearly expecting better, while also eyeing tougher times ahead - but there is a feeling that retailers may be holding back
Tesco cash machine a good haven in inflationary environment, according to Shore Capital
Tesco should remain a business that is capable of producing ongoing free cash flow of roughly £1.5-2.0bn a year, according to Shore's calculations
Tesco raises guidance as online sales boom
Like-for-like sales over the Christmas period were up 3.2% on a year earlier
Tesco, M&S, JD Sports, Whitbread and ASOS set to report as 2022 calendar gets into gear
Retailers including Sainsbury's and Boohoo, consumer favourites likes Games Workshop and housebuilders Persimmon and Taylor Wimpey are among those reporting as the 2022 financial calendar gets busy
Tesco to deliver Christmas by rail
The supermarket giant's new refrigerated rail service will run twice a day, seven days a week, taking 40 lorries off the road for every journey it makes
Tesco makes improved offer to head off strike action
Unite is considering the improved off from Tesco while another union, Usdaw, will resume negotiations with the supermarket giant on Monday
Tesco dispute grows as Usdaw members vote overwhelmingly in favour of strike action
More than half of Tesco's 22 distribution centres now look set to be hit by strike action
Tesco shoppers could face empty shelves at Christmas as logistics staff plans strike
The supermarket chain is offering the workers a 4% pay increase, below the current RPI inflation rate of 6%
Tesco and Sainsbury's lagging Aldi in this year's Christmas race
Aldi’s Christmas ad campaign featuring Kevin the carrot and Marcus Rashford is knocking the others into a cocked hat,
Christmas shopping starts early as UK gears up for bigger celebrations but inflation bites
Grocers have seen a rise in sales of mince pies, Christmas puddings and frozen poultry during October
Tesco to trial fast-delivery service Gorillas
As of Thursday, Tesco products will be available to purchase on the Gorillas app and delivered to customers in a selected area
Tesco back online after weekend cyber attack
The grocery giant said an "attempt was made to interfere" with its systems
Tesco trials security barriers for alcohol aisles to prevent shoplifting
If the trial is successful, the scheme could be rolled out to other stores
Tesco target hiked by Credit Suisse
Results last week showed the supermarket group performed strongly in the first half of the year
Supermarket trends, Entain update and Hut Group's big pitch on offer on Tuesday
Many gold bugs are also biting their nails with anticipation about Greatland Gold's pre-feasibility report
Tesco starting to win over the sceptics
"We remain of the view that the digitalisation of the grocery space warrants greater staying power to legacy players," said broker, Jefferies
Tesco 'attractive' again after 10 long years, analysts say following bumper results and £500mln share buyback
The shares opened 4% higher to top the FTSE 100 list of risers early Wednesday
Tesco takeover is not out of the question but there are significant obstacles
Most people seem to think Sainsbury's will be the next UK supermarket to attract a bid from private equity, but why not Tesco?
Tesco and Amazon warn lorry driver shortage could disrupt Christmas - report
The government is resisting calls for temporary visas for EU drivers
UK agrees on deal with CO2 producer to tackle shortage
CF Industries is the UK’s largest supplier of carbon dioxide, used in food and drinks production
Tesco to report a "clearly positive" set of interims but will Christmas be cancelled?
Barclays is expecting profits to rise strongly and robust cash flows.
Turkeys, pumpkins and festive cheer set to be in short supply this winter
It looks like a Dickensian Christmas is in prospect. Does that mean we will be eating goose or does it mean stores will be asking, "Please sir, may I have some more?"
Tesco seeks to bypass union in Booker lorry drivers dispute
The end of days must be approaching ... a government representative has (anonymously) sided with the Unite union and told companies to whack up the wages of lorry drivers
First Nando's, next it could be pubs to experience the Great British chicken shortage
Some of us still go to the pub for a beer but if you are the sort who goes there for a chicken wrap or burger, you might end up having a beef with the chef
FTSE 100 close to pre-pandemic levels but which stocks look overbought or oversold?
Some of those stocks hardest hit during the pandemic have rallied strongly from their low points but as the Footsie approaches its pre-pandemic level, we look at those that are still in the doldrums
Tesco angers small businesses with exit from prompt payment plan
The grocer did so just before the programme tightened rules to ensure payments are made faster
Tesco bank to close all current accounts due to lack of demand
Tesco Bank said too few current account customers were using it as their primary account
UK government monitoring the situation as 'pingdemic' leaves supermarket shelves empty
Business secretary Kwasi Kwarteng urged workers not to delete the test and trace app from their phones to avoid being pinged
Tesco and J Sainsbury urge people not to panic buy as driver shortages bite
The government yesterday announced plans to ease the driver shortfall
Tesco and Sainsbury in play after Morrisons bid - broker
After Asda's takeover, the Morrisons bid and the investment by a Czech billionaire in Sainsbury, the topic of Amazon’s plans in the UK will be part of the “ongoing discussion”
Tesco short of truck drivers, CEO reveals
"What I’m hearing is we can manage it and we have to play it as we see it,"
Tesco holds up against tough comparatives
The supermarket giant posted a small rise in quarterly sales compared to last year, when it was up against a huge surge in demand during the first COVID-19 lockdown
Shopping in focus as Tesco updates market with UK retail sales figures eyed
The supermarket giant is facing tough comparatives against last year while retail sales should keep improving as restrictions are eased
24/7 store opening heading for the exit aisle as online demand grows
During the 1990s Tesco had more than half its large stores open all the time.
Pret a Manger to open cafes in Tesco sites to cope with working from home aftermath
The cafe chain is already selling frozen croissants and granola at Tesco supermarkets
Single-use plastic bags to cost 10p for all retailers in England
The charge has been extended to all businesses, not just supermarkets
Tesco extends healthy food commitment after pressure from shareholders
ShareAction said the grocer has “set a precedent” for other supermarkets to ensure health is a priority
UK supermarkets threaten to stop Brazil imports over proposed land reform
“Over the past year, we have seen a series of circumstances result in extremely high levels of forest fires and deforestation in Brazil"
In-store supermarket sales rise as people leave the house more thanks to vaccine rollout
There is a rise in consumer confidence as COVID-19 infections drop and restrictions are relaxed
Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse
Tesco’s has the highest exposure to the convenience format of the UK supermarkets, which is seen as being most at risk from the new startups
Tesco predicts strong profit rebound after COVID-19 costs dent numbers
Ken Murphy, chief executive, said the grocer had shown incredible strength and agility
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Tesco results to dominate UK diary on Wednesday while Coinbase Nasdaq listing will provide crypto buzz
The supermarket giant will be eyed closely to see how it has held up during the disruption of the coronavirus pandemic
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FTSE 100 ends modestly lower; airlines out of favour after broker comment
The afternoon session was a non-event - not that the morning session was much better.
Is it time to sell out of consumer stocks and into the pharma sector?
Morgan Stanley said it is wary of ‘rotating too hard’ out of cyclicals and into defensive stocks
Tesco increases grocery market share for first time in four years
Households have spent £500 extra on groceries on average during pandemic says Kantar
Tesco shareholders target junk food sales amid growing UK obesity crisis
A coalition of over 100 institutional and individual investors have filed a resolution that, if passed, will require the supermarket giant to develop a strategy to increase its proportion of healthy food sales over the next decade
Online retailers face tax overhaul as Treasury mulls new rules, stores call for 1% sales levy
Downing Street is considering an ‘Amazon tax’ and an ‘excessive profits tax’ while brick-and-mortar retailers have voiced their concerns
Tesco's extra pandemic costs are groundwork for the online future
Shares in the grocer, despite the coming £5bn dividend and ending the drag on cash flow, are lower than where they were before the pandemic
Tesco reports stronger festive sales but coronavirus costs higher
The grocer will return £5bn via a special dividend followed by a share consolidation just before the end of February
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FTSE 100 finds its way to a positive finish; US stocks up in stimulius anticipation
Traders in New York seem to be more interested in the upcoming stimulus announcements from Joe Biden rather than a worse than expected number of jobless claims last week
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Retail and leisure set for Thursday’s spotlight, with updates from Tesco, Primark-owner ABF, Boohoo and Whitbread
Christmas trading and coronavirus lockdown restrictions will be among the key themes as retailers update the market.
Tesco and other grocers join ban on shoppers without facemasks
Morrisons said yesterday it would ban shoppers not wearing masks
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FTSE 100 ends lower on mining sector dip; US tech stocks fall after Trump ban brings additional scruitiny
Rio Tinto Group, BHP Group and Anglo American plc were among the laggards
Retailers warn of price rises if agreement on tariffs is not agreed before Brexit
Will it be all right on the night when Britain leaves the EU? Probably not, if retail bosses are to be believed.
Tesco to pay £5bn special dividend in late February after Thailand approves disposal
Shareholders will first need to approve the deal and dividend at a general meeting on or around February 11, 2021
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FTSE 100 holds up in countdown to Brexit dinner talk; Wall Street reacts to stimulus doubt
London’s leading index advanced 17 points to 6,576
Tesco's grand gesture on business rates disguises an ulterior motive
“Tesco can now pay its Asian special dividend without incurring any flack, whilst impeding its competitors’ financial progress,” said analyst Clive Black at Shore Capital
Tesco's rejection of rates relief sparks surprise and indignation in the City
One analyst said the grocer's statement was “totally contradictory”, while another said it “poses a question” about looming capital return plans
Tesco repays £585mln of business rates relief as 'right thing to do'
"We are financially strong enough to be able to return this to the public, and we are conscious of our responsibilities to society," said chairman John Allan
Tesco sets up solar farms as it brings forward net-zero goals by 15 years
The environmental goals had initially been set for 2050