Tesco vows to remove 1bn pieces of plastic from own-brand products
Big supermarket chains produce more than 800,000 tonnes of plastic packaging waste every year
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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Former Treasury boss John Kingman set to head up Tesco Bank
Kingman was previously mooted as a possible next governor of the Bank of England, but has said that he does not want the role
Tesco boss Dave Lewis announces shock departure
Grocer reports 0.4% decline in half-year like-for-like sales, compared to the 0.2% LFL growth seen in the first quarter
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FTSE 100 posts biggest drop for over 3 years as global growth, trade wars, Brexit, Trump worries create perfect storm
The UK blue-chip benchmark tanked by 3.2% on the day, or 237.78 points, to close out at 7,122.54
Tesco interims top of the list for Wednesday
Investors in Britain's largest supermarket will be focusing in on whether the firm has managed to beat its target of increasing operating margins to 3.5%-4%
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FTSE 100 closes modestly lower as sterling ticks higher; US stocks recover from Friday drop
At the close, the UK blue chip index was off 18.00 points at 7,408.21, above the session low of 7,402.20 but well below the peak of 7,439.62
Aldi to open new UK store every week as profits hit by price cuts and expansion
Aldi and fellow German discounter Lidl have been chipping away at the market share of the UK’s big four as they draw customers in with low prices and open new stores.
UK grocery sales fall for first time in three years as alcohol and ice cream sales plunge
Last year’s heatwave meant us Brits forked out more on things such as beers, cider and ice cream, but with the weather much duller this summer, grocery sales have dropped
Morgan Stanley turns bearish on global stocks as 'downside risks' build up
Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months
Sainsbury’s boss Mike Coupe set to face a frosty reception at tomorrow’s AGM
The troubled CEO looks set for a pasting on Thursday as questions over strategy and executive pay are likely to bubble over
US investor Fortress frontrunner in Majestic Wine bidding war, media reports
The investment group, owned by Japan's Softbank, has also apparently been courting wine retailing bigwig Dan Jago to run the stores following the sale
Tesco, Sainsbury's, Asda and Morrisons lose more market share to Aldi and Lidl
Kantar said a wet start to the summer, compared to last year’s heatwave, has dented supermarket sales
Why Tesco’s Finest* convenience stores make perfect sense
Aldi and Lidl have been the runaway success stories in the supermarket sector in recent years, but the likes of Waitrose and Fortnum & Mason have more than held their own
SDCL Energy Efficiency Income Trust inks deals with Tesco for portfolio of rooftop solar projects
The trust said Tesco will enter a power purchase agreement for each individual site, with SDCL to be responsible for installing, operating, and maintaining each project
Tesco says it aims to improve margins and enhance cash growth
In a statement issued for its Capital Markets Day, Tesco said it has “further cost reduction and mix opportunities that allow us to offset inflation, improve our customer offer and/or increase margin”
Tesco sales growth slows without hot weather and royal wedding
Total sales, excluding fuel, rose 0.4% to £13.9bn with like-for-like sales up 0.2% in the 13 weeks to May 25.
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FTSE 100 closes near flat as global markets appear uninspired
Footsie closed up nearly a point at 7,368, while mid-cap cousin FTSE 250 shed over 77 points at 19,172
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Tesco’s first quarter set to face tough comparisons
Tesco, DS Smith and PZ Cussons are the standout names in Thursday's diary.
Tesco makes significant headway against sceptical market, says UBS
The Swiss bank repeated a ‘buy’ recommendation on the stock and raised its target price to 315p from 305p ahead of the supermarket group's first-quarter trading update on Thursday
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FTSE 100 closes higher as trade tensions ease
The UK's index of leading shares finished the first day of the trading week around 46 points higher at 7,378