Tesco

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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The time for retail to be re-imagined

2020 has seen retailers experience some of their most challenging times, an unprecedented fall or rise in demand during a…

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Tesco Boss Dave Lewis handed £6.42m pay package

Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses.  Lewis, who is set…

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Tesco begins laying off some of its 45,000 temporary workers

Supermarket giant Tesco has reportedly begun laying off some of the 45,000 temporary workers it hired to help meet the…

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