Tesco teams up with Uber to assist with delivery service
Fees will be higher on Uber Eats compared to Tesco’s traditional online grocery service
Company
Tesco PLC
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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Sunflower oil sales soar as supermarkets bring in rationing
Publicised scarcity encouraged shoppers to stock up on frying oil in a similar frenzy to pre-pandemic cupboard foods stockpiling
Grocery prices going up despite claims of cuts by big supermarkets
Price rises are being passed on to households, though the volume of products on promotion is going down
Household food bills could rise by £271 this year, research company warns
Shoppers turned to German discounters Aldi and Lidl, which along with Tesco were the only three ‘top 10’ supermarkets to gain market share, as budgets were squeezed further
Tesco to pay out £50mln in bonuses as battle to keep staff intensifies
Some 290,000 Tesco employees are to receive bonuses after the firm revealed its profits more than tripled, though the supermarket chain warned of tougher times ahead amid surging inflation
Why are supermarkets keeping prices low?
Undoubtedly, should inflation continue to rise, there will come a time when these retailers need to reassess their strategy
Tesco delivers new £750mln share buyback but warns of lower profits
Profits are expected to fall in the current year, with cost inflation one of three major factors that could influence the outlook
FTSE 100 edges into the green at the close as US earnings season kicks off
It was another disappointing session for European markets, sliding back after another strong inflation report, this time from the UK, said Michael Hewson, chief market analyst at CMC Markets UK
Tesco still a buy but maintaining guidance is key, says Shore Capital
"There remains asset backing (with yield compression), value growth compounding ahead of new capacity, capital discipline and good FCF [free cash-flow] yields of over 7%," Shore said
Tesco update will give a better view on the supermarket sector than "chilling" update from Morrisons
"Morrisons' comments are, of course, to be noted and cautionary, but they also need to be set within the context of the current financing matters for the Bradford based group," Shore Capital said.
Shoppers turn to own-label brands as food price inflation surges
“Supermarkets with a strong food-on-the-go offer will have enjoyed an added boost that is not reflected in the numbers as people picked up sandwiches, snacks and drinks while out and about again," Kantar said.
Food to add to household squeeze as supermarkets pass on costs
The leading supermarkets are expected to pass on much of their own rising costs to the consumer with lower-income homes most impacted
Tesco gives up on Jack's discount stores experiment
The chain was launched under the previous management and on the plus side, it wasn't the disaster that the US venture, Fresh & Easy was
Retailers are upgrading but investors are downgrading - what's going on?
Some investors and analysts were clearly expecting better, while also eyeing tougher times ahead - but there is a feeling that retailers may be holding back
Tesco cash machine a good haven in inflationary environment, according to Shore Capital
Tesco should remain a business that is capable of producing ongoing free cash flow of roughly £1.5-2.0bn a year, according to Shore's calculations
Tesco raises guidance as online sales boom
Like-for-like sales over the Christmas period were up 3.2% on a year earlier
Tesco, M&S, JD Sports, Whitbread and ASOS set to report as 2022 calendar gets into gear
Retailers including Sainsbury's and Boohoo, consumer favourites likes Games Workshop and housebuilders Persimmon and Taylor Wimpey are among those reporting as the 2022 financial calendar gets busy
Tesco to deliver Christmas by rail
The supermarket giant's new refrigerated rail service will run twice a day, seven days a week, taking 40 lorries off the road for every journey it makes
Tesco makes improved offer to head off strike action
Unite is considering the improved off from Tesco while another union, Usdaw, will resume negotiations with the supermarket giant on Monday
Tesco dispute grows as Usdaw members vote overwhelmingly in favour of strike action
More than half of Tesco's 22 distribution centres now look set to be hit by strike action