Tesco

Tesco creates 16,000 new permanent roles

Tesco has unveiled plans to create 16,000 new permanent roles to support the growth of its online business. These 16,000…

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Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda

Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According…

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Grocery growth slows as market eases out of lockdown

The latest grocery market share figures from Kantar show take-home grocery sales growth slowed to 14.4% year on year during…

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Alex Russo appointed B&M CFO

Discount retailer B&M has appointed Alex Russo as CFO and executive director, with effect from 16 November 2020. Further to…

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Tesco demands large supplier discounts as it preps for ‘price war’

Big Four Grocer Tesco has reportedly demanded discounts of up to 50% from suppliers as it prepares for a price…

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Tesco sales soar as online business booms

Tesco saw sales surge in the first quarter of trading, with like-for-like sales up 8.2% despite the pandemic and nationwide…

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Tesco offloads Polish arm

Tesco has confirmed the offload of its Polish business through its sale to Salling Group A/S.  The transaction includes the…

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Covid-19 to add £5.3bn to UK e-commerce in 2020

The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this…

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FRC closes five-year investigation into Tesco

The Financial Reporting Council (FRC) has announced the closure of a five-year investigation into the accountants working within ‘Big Four’…

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Tesco CFO Alan Stewart announces plans to step down

Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30…

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