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Reuters - vor 1 Tag

Tesco chairman says 'no difficulty' defending CEO's $13 mln pay package

UPDATE 1-Tesco chairman says 'no difficulty' defending CEO's $13 mln pay package Recasts with chairman comments at annual meeting By James Davey LONDON, June 14 (Reuters) - The chairman of Tesco TSCO.L told investors on Friday he had "no difficulty" defending the near 10 million pound ($13 million) pay package of the British supermarket group's CEO as it had to be competitive in the global market for top talent.
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Reuters - vor 2 Tagen

Tesco CEO's $13 mln pay package 'competitive' with global market, says chairman

Tesco CEO's $13 mln pay package 'competitive' with global market, says chairman LONDON, June 14 (Reuters) - Tesco TSCO.L chief executive Ken Murphy received a near 10 million pound ($13 million) pay package in 2023/24 year because the supermarket had to be competitive in recruiting top talent from the global market, its chairman told investors. "We do recruit from time to time at very senior levels from the global market and frankly we just have to be competitive with that market," Gerry Murphy
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Reuters - vor 2 Tagen

UK's Tesco 'not unduly worried' by Labour's workers' rights package

UK's Tesco 'not unduly worried' by Labour's workers' rights package By James Davey LONDON, June 14 (Reuters) - Tesco TSCO.L , Britain's biggest supermarket group, is "not unduly worried" by the opposition Labour Party's plan to introduce a new package of workers' rights if it wins the upcoming election, its boss said on Friday. Tesco has about 270,000 UK employees, making it Britain's biggest private sector employer.
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Reuters - vor 2 Tagen

Tesco CEO sees 'gentle improvement' in UK consumer sentiment

Tesco CEO sees 'gentle improvement' in UK consumer sentiment LONDON, June 14 (Reuters) - Tesco expects a gentle improvement in consumer sentiment in Britain and sees food inflation in the low single digits for the rest of the year, chief executive Ken Murphy said on Friday. "Our sense is that there is a gentle improvement, ongoing improvement in customer sentiment," Murphy told reporters.
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Reuters - vor 2 Tagen

European futures indicating small rebound, France struggling

LIVE MARKETS-European futures indicating small rebound, France struggling Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES INDICATING SMALL REBOUND, FRANCE STRUGGLING European equity futures are signalling a slight bounce on Friday, after markets sold off the day before, led by French stocks, which plunged again on Thursday on concerns over the upcoming election.
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Reuters - vor 2 Tagen

UK Stocks-Factors to watch on June 14

UPDATE 1-UK Stocks-Factors to watch on June 14 Updates futures, Adds news items June 14 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .55%. * TESCO: Tesco TSCO.L , 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.
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Reuters - vor 2 Tagen

Tesco Reiterates FY Outlook

BRIEF-Tesco Reiterates FY Outlook June 14 (Reuters) - Tesco PLC TSCO.L : Q1 TRADING STATEMENT UK Q1 LIKE-FOR-LIKE SALES UP 4.6% FOR 2024/25 FINANCIAL YEAR, WE EXPECT RETAIL ADJUSTED OPERATING PROFIT OF AT LEAST £2.8BN Q1 GROUP RETAIL LIKE-FOR-LIKE SALES UP 3.4% REITERATE OUR GUIDANCE FOR FULL YEAR SALES TRENDS IN LINE WITH OUR EXPECTATIONS AND BUS
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Reuters - vor 2 Tagen

Britain's Tesco says 'well-positioned' after market share gains

UPDATE 3-Britain's Tesco says 'well-positioned' after market share gains Says had "strong" Q1 with UK like-for-like sales up 4.6% Seeing "gentle upward tick" in UK consumer optimism Reiterates guidance for full year Shares up 2.7% Adds shares in paragraph 2, CEO quotes in paragraphs 7, 13 By James Davey LONDON, June 14 (Reuters) - Tesco TSCO.L , Britain's biggest supermarket group, said its market share was growing more than at any other time in the past two years as it reported a 4.6% rise in u
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Reuters - vor 2 Tagen

Britain's Tesco keeps profit outlook after quarterly sales rise

Britain's Tesco keeps profit outlook after quarterly sales rise LONDON, June 14 (Reuters) - Tesco TSCO.L , Britain's biggest supermarket group, on Friday maintained its profit guidance for the year as it reported a 4.6% rise in underlying UK sales in its first quarter, winning market share. Reporting by James Davey; editing by Sarah Young
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Reuters - vor 2 Tagen

UK Stocks-Factors to watch on June 14

UK Stocks-Factors to watch on June 14 June 14 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.3%. * HOUSEBUILDERS: Britain's housebuilders are disappointed with what they see as a lack of radical measures to tackle the country's housing shortage in the election manifestoes of both major parties, industry executives said.
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Reuters - vor 2 Tagen

Tesco board faces heat over CEO's 10 mln pound pay package

Tesco board faces heat over CEO's 10 mln pound pay package By James Davey LONDON, June 14 (Reuters) - The board of Tesco TSCO.L , 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. Investors have become more vocal in their opposition to boardroom pay deals they deem excessive amid a cost of living crisis.
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Reuters - vor 3 Tagen

Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says

Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says By James Davey LONDON, June 13 (Reuters) - Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters.
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Reuters - vor 1 Woche

UK's Asda says TDR Capital to become majority owner

UPDATE 2-UK's Asda says TDR Capital to become majority owner TDR to buy Zuber Issa's 22.5% stake, giving it 67.5% Mohsin Issa retains 22.5, Walmart 10% Zuber Issa to buy EG's remaining UK forecourt business Zuber Issa to step down as EG Group co-CEO Adds TDR quote in paragraph 7, detail in paragraphs 8 to 12 By James Davey LONDON, June 7 (Reuters) - Britain's Asda said on Friday that private equity firm TDR Capital will gain majority ownership of the supermarket group by acquiring Zuber Issa's s
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Reuters - vor 2 Wochen

British Business - June 5

PRESS DIGEST-British Business - June 5 June 5 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Roman Silha, who heads mergers and acquisitions for Kretinsky's investment vehicle EP Group, has met union bosses in an attempt to convince them of the merits of 3.6 billion pounds ($4.60 billion) takeover of Royal Mail's parent company.
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Reuters - vor 2 Wochen

Tesco lasering avocados with product information in test to ditch stickers

Tesco lasering avocados with product information in test to ditch stickers LONDON, May 31 (Reuters) - Tesco TSCO.L , 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. The high-powered lasers remove a minute section of the top layer of avocado skin, leaving a tattoo that shows information for customers and cashiers, such as the size or variety of the fruit.
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Reuters - vor 2 Wochen

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales set for Euro 2024 fillip, says NIQ UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ Ocado, Lidl and M&S are UK's fastest growing grocers Nearly half of UK households interested in Euro 2024 LONDON, May 31 (Reuters) - The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday.
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Reuters - vor 2 Wochen

Tesco Signs New Deal To Take 150GWh Of Power From Stranoch Windfarm Every Year

BRIEF-Tesco Signs New Deal To Take 150GWh Of Power From Stranoch Windfarm Every Year May 30 (Reuters) - Tesco PLC TSCO.L : SIGNED A NEW DEAL TO TAKE 150GWH OF POWER FROM STRANOCH WINDFARM EVERY YEAR Further company coverage: TSCO.L
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Reuters - vor 4 Wochen

UK grocery price inflation falls to 2.4%, says Kantar

UK grocery price inflation falls to 2.4%, says Kantar Grocery inflation at lowest level since Oct 2021 Ocado is again fastest growing UK grocer Tesco and Sainsbury's both gain market share By James Davey LONDON, May 21 (Reuters) - UK grocery inflation fell for the 15th month in a row in May to hit its lowest level since October 2021, industry data showed on Tuesday.
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Reuters - vor 4 Wochen

UK supermarket Asda's sales growth slows in latest quarter

UK supermarket Asda's sales growth slows in latest quarter By James Davey LONDON, May 17 (Reuters) - Asda, Britain's third largest supermarket group, said on Friday its underlying sales rose 1.4% in the first quarter - a slowdown from growth of 2.2% in the previous quarter and an underperformance versus its bigger rivals. The grocer, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said total revenue, excluding fuel, rose 6.6% to 5.3 billion pounds ($6.7 billion) in
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Reuters - vor 4 Wochen

British grocer Sainsbury's partners with Microsoft to use AI for data insights

British grocer Sainsbury's partners with Microsoft to use AI for data insights LONDON, May 17 (Reuters) - Britain's Sainsbury's SBRY.L said on Friday it has agreed a five-year strategic partnership with Microsoft MSFT.O that will use the technology company's artificial intelligence capabilities and the supermarket group's rich data. Seeking revenue gains and cost savings, more retailers are using generative AI to boost personalised shopping experiences for consumers and make staff working practi
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