All Tesco articles – Page 237
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NewsGrocery giants upbeat on recovery prospects
Tesco and Sainsbury’s chiefs gave hope to the high street in the run-up to Christmas with rare optimism that the UK is recovering from the slump that has undermined consumer sentiment.
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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OpinionRivals’ inroads haven’t done Tesco much harm
Sir Terry Leahy may be many things, but he isn’t known for being a ray of sunshine in the industry. So it was interesting to see him cutting a more bullish figure about recovery prospects this week than others like Sir Stuart Rose and Simon Wolfson have been.
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NewsSainsbury’s launches financial services campaign
Sainsbury’s has unveiled a campaign to drive shoppers to its financial services products.
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NewsTesco hits £1.4bn profits
Tesco has reported a 1.5% rise in group first half pre-tax profits to £1.4bn.
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NewsTesco unveils sale and leaseback
Tesco has carried out a new sale and leaseback transaction worth £514m in the latest phase of its ongoing programme to release value from its UK property portfolio.
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NewsTesco launches online fashion shop
Tesco has launched its standalone online fashion shop and hopes that sales will grow to account for 10% of total clothing turnover.
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NewsCompetition test to limit grocers’ local expansion
The Competition Commission has said it will press ahead with tougher planning hurdles to stop supermarkets dominating local markets.
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Analysis
Employee bonuses on a budget
Money might be too tight for pay rises, but there are other ways to reward staff says Liz Morrell
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NewsTesco retreats from Holmfirth superstore plan
Plans for a Tesco superstore in the West Yorkshire town of Holmfirth, home of the BBC comedy series Last of the Summer Wine, have been axed after a campaign by residents and local independent retailers.
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NewsTesco ‘in talks to sell £400m property portfolio’
Tesco is reportedly in talks to sell a £400m portfolio of properties to a newly formed investment company seeking to take advantage of the opportunities of the recent falls in the value of UK commercial property.
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OpinionThe empire strikes back
Tesco publishes its first-half results a week on Tuesday. Sainsbury’s follows with its second-quarter numbers a day later. And this year the pair’s performance – even though not over comparable periods – will be even more of a needle match than usual.
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NewsTesco promotes fresh food chief Colin Holmes
Tesco has promoted its fresh foods chief to the executive committee.
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NewsRetail stock interest expected to continue
Stores rebounded after the recent bout of profit taking and outperformed the market, but food retail stocks remained mired ahead of results from Tesco and Sainsbury’s.
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AnalysisHow retailers are minimising fuel costs
Volatile fuel costs are having a major impact on the retail supply chain. Alison Clements discovers how retailers are attempting to minimise costs without jeopardising service
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News
Retail suffers as gloom outweighs IPO hopes
General retail stocks headed south and underperformed the market, despite rising speculation that a raft of IPOs - including a £1.7bn flotation of fast fashion group New Look - looks likely in the new year.
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NewsRetail chiefs predict ‘flat’ Christmas
Andrew Higginson, chief executive of Tesco’s Retailing Services division, said the market will be “flat at best” for UK retailers over Christmas.
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NewsPrimark named UK’s ‘most feared’ retailer
Cut-price fashion leader Primark is replacing Tesco as Britain’s “sharpest and most feared” retailer , says retail analyst Verdict Research.
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NewsTesco UK finance chief moves to Virgin Media
Tesco UK finance director Eamonn O’Hare has left to join Virgin Media as chief financial officer.
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NewsTesco muscles in on digital market
Tesco is gearing up to relaunch its entertainment website Tesco Digital, as it seeks to give its brand credibility in the highly competitive digital market.