logo-loader
Market ReportTRENDING-old

Torrent of tweets on toxic Tesco

To say opinions are divided on Tesco would be to imply that someone actually likes them ...

Dave Lewis, Tesco CEO
"Drastic" Dave just before he read his Twitter feed

Supermarket titan Tesco PLC (LON:TSCO) was the worst blue-chip performer this morning, and it has not been doing too well on Twitter either.

Some are not happy about their employment policies.

Others believe the “obscene profits” are illusory.

REGISTER with Proactive Investors to receive a daily round-up of news

They are not impressed by “Drastic” Dave Lewis, the chief executive, either.

While Chris Bailey offers some interesting insight into why the supermarkets are building shops of the sort of size they used to have back in the sixties.

What was it Marvin the Paranoid Android from “Hitchhiker’s Guide to the Galaxy” said?

“Loathe them or ignore them; you can’t like them”.

Except that’s not strictly true:

In contrast, fellow retailer WH Smith Plc (LON:SMWH) gets off relatively lightly.

Apparently, the hashtag #OffendEveryoneIn4Words is trending. Lots of people seem to think Tesco has managed it in one.

I thought this person was talking about tea at first and was about to complain rabidly, but it looks like their strange habit applies to breakfast cereal.

Never mind, Tesco; there are always some people more unpopular than you …

Take Sports Direct International PLC (LON:SPD), for instance.

It’s not a well-loved company, but it received some positive coverage today after appointing its first workers’ representative to attend board meetings.

Unite, Britain’s biggest union, dismissed it as a public relations exercise and said the newly appointed board member would “face an uphill struggle to have workers’ concerns heard and to resolve the deep-rooted problems across the business”.

Slightly more parochial concerns are voiced by “The Mag”, the self-styled independent voice of Newcastle United since 1988.

Sports Direct decision to pay Newcastle United for advertising appears to be reversed,” the online fanzine reported.

“Since taking over the club in 2007, Mike Ashley has used NUFC to advertise and promote his retail empire, with no money being paid to the football club in return,” the fanzine fulminates.

“St James Park was even shamefully renamed and given SD branding, once again with Sports Direct shareholders benefiting but not Newcastle United,” the column continues.

Well, that’s as maybe, but at least we pedants no longer had to wince at the absence of a possessive apostrophe every time we read “St James [sic] Park”.

Apparently, the fans were promised that Sports Direct would start paying for advertising, but a rummage through the company’s accounts indicates that they it has not.

On the plus side, at least the club is not turning out in the Sports Direct colours of blue and red.

REGISTER with Proactive Investors to receive a daily round-up of news

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Keywords Studios sees 'very strong first half growth' as...

Keywords Studios PLC's (LON:KWS) Andrew Day speaks to Proactive London's Andrew Scott to discuss the group's interim results to June 2019. The firm reported an adjusted pre-tax profit of €18.4mln, up 14.3% on the prior year, while like-for-like revenues at constant currency climbed 17.3% to...

36 minutes ago

4 min read