Tesco staff to split £30 million pot in share scheme
Some 20,000 Tesco PLC (LSE:TSCO) workers are set to split a bonus of £30 million, using funds which have been generated through the supermarket's share scheme. An employee who has invested the typical £68 per month over the last five years is on track to receive £6,640 for their £4,080 investment, netting them a profit of £2,560.
Tesco and Sainsbury seeing pressure from improving Morrisons, says US bank
Tesco and Sainsbury are coming under pressure from a resurgent Morrisons, according to an analysis of the grocery sector's latest numbers by JP Morgan. Morrisons' improving shape is driven by better execution and self-help, says the US bank.
Tesco market share gains to continue, predicts analyst
Tesco PLC (LSE:TSCO) is expected to continue eating up market share as the supermarket sector enters a “normalised environment”, analysts at Citi believe. Shares in the country's largest supermarket lifted by more than 2% on Friday after its first-quarter results highlighted market share gains and volume growth.
Tesco shares pop as analysts praise 'exceptional' performance
Tesco PLC (LSE:TSCO) shares have jumped more than 2% on the back of its first-quarter results, making it one of the FTSE 100's top risers today. Markets welcomed the group's ability to post another quarter of market share gains, helped by rising volumes, a focus on value and better-than-expected sales growth in Ireland.
Tesco flexes market share and volume growth despite weaker wholesale business
Tesco PLC (LSE:TSCO) said it underwent a fourth consecutive quarter of market share gains in the first three months of the financial year, helped by growing volumes, despite mixed sales in the period. The country's largest supermarket increased its market share by 59 basis points to 27.6%, helped by growth in all its channels including food sales which rose by 5.1% year-on-year and was helped by "strong volume growth" in fresh food.
Britain's Tesco says 'well positioned' as market share grows
Tesco , Britain's biggest supermarket group, said it was "well positioned" for the balance of the year, as it reported a 4.6% rise in underlying quarterly sales in its home market and reiterated its guidance.
Tesco board faces heat over CEO's 10 mln pound pay package
The board of Tesco , Britain's biggest supermarket group, will be asked to justify chief executive Ken Murphy's near 10 million pounds ($13 million) pay package when it faces shareholders at its annual meeting on Friday.
Tesco share price rally has stalled but June 14th will be crucial
The Tesco (LON: TSCO) share price has continued to fire on all cylinders this year as its performance remained steady. It has jumped by over 11% this year, outperforming other British retailers like Marks and Spencer (MKS) and Sainsbury (SBRY).
Tesco recalls chocolate bars over allergy risk
Tesco PLC (LSE:TSCO) has been forced to recall chocolate bars which may contain peanuts as the allergy risk was not declared on the label. An urgent health safety warning was issued by the country's largest supermarket for its own-brand Nutty Nougat Caramel Chocolate Bars Multipack and Dreamy Caramel Chocolate Bars Multipack.
Tesco results to show boost from disinflation and share gains
Tesco PLC (LSE:TSCO) is expected to highlight the impacts of disinflation, market share gains, tough European operations and the success of its wholesale business when it reports first-quarter results next Friday. Sales during the first three months of the financial year are expected to lift by between 5-6% in the UK, by 2.5-3.5% in Ireland and by 0-1% in central Europe, according to Shore Capital's veteran retail analyst Clive Black.
Tesco adds marketplace to online channels
Tesco PLC (LSE:TSCO) has launched a new online marketplace which will give customers the chance to purchase third-party products while they do their weekly shop. It is part of a wider plan to make Tesco.com “a one-stop shop for everything customers need,” the supermarket explained.
Tesco lasering avocados with product information in test to ditch stickers
Tesco , Britain's biggest supermarket group, is using lasers to etch product information on some of its avocados to avoid using barcoded stickers, in a trial it says will reduce plastic waste.
