Tesco and Heinz resolve pricing war with products set to return to shelves July 8, 2022 Tesco and Heinz announced they had resolved a pricing war today and said “lorries full of Heinz products” will “hit the road shortly”, after the grocer pulled the firm's products from shelves at the end of last month.
Whiskas and Pedigree owner halts supplies of pet foods to Tesco in latest price dispute July 5, 2022 Tesco shoppers looking for pet food brands Whiskas and Pedigree have been left disappointed after supplies were paused in another price row involving the UK’s largest grocer. The supermarket explained empty shelves by arguing it had refused to “pass on unjustifiable price increases” to its shoppers, The Guardian reported. In images posted by Steve Dresser, [...]
Tesco kicks off £150m share buyback programme July 4, 2022 Tesco announced today it will kick off a £150m share buyback programme as bosses look to put excess cash back in shareholders' pockets.
Tesco Mobile set to introduce EU roaming charges despite initial claims it wouldn’t June 20, 2022 Tesco Mobile have announced they will introduce EU roaming charges from 2023 onwards as telecom giants grapple with a post-Brexit landscape.
Retail chiefs to meet with Treasury amid fears of fading interest in online sales tax June 20, 2022 Top retail bosses will meet with a Treasury minister later this week with the hopes of reigniting government interest in launching an online sales tax and reforming the current rates system. According to a report by Sky News, executives from retail powerhouses including Amazon, Asda, ASOS, Currys and JustEat Takeaway, are to meet with the [...]
Tesco profit guidance ‘unchanged’ despite 1.5 per cent fall in sales amid ‘incredibly challenging’ environment June 17, 2022 Tesco said its profit guidance for the coming year remained “unchanged” despite experiencing a 1.5 per cent fall in underlying sales in the first quarter of 2022. Britain’s biggest grocery store recorded its sales for the first 13 weeks up until the end of May, and said its profit and cash outlook will stay the [...]
Battle of the brands: Lidl accuses Tesco of copying logo in High Court dispute June 13, 2022 Lidl has accused rival Tesco of copying its logo to “ride on the coattails of Lidl’s reputation as a discounter.” The claim was made by the German supermarket chain during a High Court dispute, in which Lidl said the logo for Tesco’s Clubcard Prices was too similar to its own – a yellow circle with [...]
Tesco to reveal consumer spending habits with update this week June 12, 2022 Supermarket giant Tesco is set to shed more light on how customer spending is holding up as shoppers deal with rapidly increasing food inflation. The UK’s biggest grocer will reveal how trading has performed over the three months to May when it updates shareholders on Friday June 17. Tesco has been resilient despite pressure on [...]
‘Misleading’: Watchdog bans Tesco Plant Chef ads after lacking environmental evidence June 8, 2022 Adverts for Tesco’s plant-based burgers ‘Plant Chefs’ have been banned for its “misleading” claims about its environmental impact compared to meat. In October and November 2021, Tesco ran ads which featured a woman about to eat while hearing the words on TV about the benefits of the Tesco Plant Chef burger. “The planet is continuing [...]
City veteran John Allan prepares to step down as Barratt chair June 4, 2022 Titan housebuilder Barratt is planning to begin a search for a new chairman, with City grandee John Allan to step down. According to reports by Sky News, Allan, who also chairs the country’s largest supermarket, Tesco, is readying to hand over the reins of the construction giant. Barratt has reportedly asked headhunters at Russell Reynolds [...]