The Gym Group appoints former Tesco director Mark George as CFO
Mark George replaces Richard Darwin, who stepped up to become chief executive officer following the departure of John Treharne
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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Tesco profits dented by sales slump in Europe and Asia
The supermarket group said UK sales performed well but that it had struggled in central Europe and Asia
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
Archive
Tesco resurgent despite the threat from the hard discounters
Tesco might give some more details on its plans for its cheap-and-cheerful chain, Jack's, while Avingtrans should reveal how good an acquisition Hayward Tyler has been
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
Tesco set to deliver 11th consecutive quarter of UK sales growth
Tesco is expected to notch its 11th straight quarter of UK like-for-like sales growth and deliver underlying earnings (EBIT) of around £983mln, according to UBS analysts
Aldi UK to open 130 new stores after returning to annual profit growth
Aldi’s UK and Ireland arm posted a 26% increase in operating profit last year as sales grew 16.4%
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
Tesco tries to out-Lidl the German discounters with Jack's but the portents are not good
Aldi & Lidl are unlikely to be quaking in their boots at Tesco's new discount chain, Jack's. Numerous attempts by the Big Four supermarkets to compete with the hard discounters have not stayed the course
Investments and investor services
FTSE 100 closes higher as trade fears ebb; Kingfisher leads the laggards
The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
Berenberg tells investors to add UK supermarket shares to their baskets
Shares in Tesco, Sainsbury’s and Morrisons have soared over the past year, but Berenberg reckons there is still a way to go
Morrisons may shun retail mega merger kingmaker role to continue online expansion
Morrisons, which has online delivery deals in place with Amazon and Ocado, will likely invest further in e-commerce with the high street in decline
Anglo Asian Mining shares fly higher as it takes steps to identify new targets
A look at some of the top risers and fallers in London on Thursday
Tesco to launch new discount chain called Jack's next week - reports
Sites in Immingham, Liverpool and St. Helens had been earmarked for potential conversions to Jack's outlets, according to reports
Wm Morrison Supermarkets facing equal pay claims worth over £1bn, according to law firm Leigh Day
In a statement published on its website on Tuesday, Leigh Day said that Morrisons had around 80,000 store staff eligible to claim, which could result in a big bill for back pay if the retailer's action are to be found unlawful
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Hilton Food profits boosted by acquisitions and central Europe product launch
Hilton Food bought Seachill, a UK-based fish processor, for £80.8mln last October
Are supermarket price wars about to be shelved for good?
Moves by Tesco and Asda to scrap their price guarantees may lead to the belief that the price wars are coming to an end, however a new, fiercer contest could soon be underway
Competition watchdog kicks off formal probe into merger of Walmart's Asda and Sainsbury's
The competition watchdog will begin a Phase 1 probe to assess how the deal could affect competition for customers
Sainsbury's weakest in latest Kantar data but Love Island and hot weather boosts sales
Hot weather boosted drinks sales and hit reality TV show Love Island boosted demand for men’s skincare products