Supermarkets

Tesco profits soar in FY results as inflation eases

Tesco has seen pre-tax profits soar by 159.5% to £2.3bn in its full-year results, up from £882m the prior year,…

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Tesco launches collaborative VC fund with global grocery retailers

Tesco has become one of five leading global grocery retailers to establish a “pioneering” collaborative grocery venture fund, W23 Global.…

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Ocado faces shareholder revolt over proposed £15m bonus for CEO

Ocado could reportedly face a shareholder revolt later this month over a new pay scheme that includes a bonus of…

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Co-op profits fall despite strong performance from food business

Co-op has revealed its group annual pre-tax profits decreased to £28m for 2023, down from £268m the previous year, as…

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Supermarket sales jump 5.4% in March

Total till sales at UK supermarkets grew 5.4% in the four weeks ended 23 March 2024, according to data from…

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Aldi aims to invest over £380m in price cuts in 2024

Aldi has pledged to cut more prices than ever before in 2024 despite already investing more than £125m to reduce…

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Tesco and NatWest join forces to help farmers with decarbonising costs

Tesco and NatWest have launched a new discounted climate and sustainable finance scheme for 1,500 of the retailer’s farmers providing…

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Aldi to open 35 new stores this year

Aldi is planning to open 35 new stores across the UK this year, including new stores that are set to…

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Ocado sales rise 10.6% to £645.3m in H1

Ocado has revealed sales increased 10.6% to £645.3m in the 13 weeks to 3 March 2024, up from £583.7m the…

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Ocado faces shareholder revolt over £15m CEO bonus

Ocado reportedly could see a shareholder revolt over executive pay after a proxy advisor recommended investors vote against the retailer’s…

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