Asda reports sales growth for third quarter in a row on strong Christmas trading
The supermarket chain reported a 0.5% increase in like-for-like sales in the fourth quarter
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 Tesco UK boss Matt Davies to join N Brown as chairman
Matt Davies will join N Brown at the start of May, replacing Andrew Higginson
Investments and investor services
FTSE 100 ends in positive territory with precious metals miners leading the way
The blue-chip index closed at 7,214, up 46 points on the day
Tesco shares rally despite record £4bn equal pay lawsuit
Lawyers accuse Tesco of paying its male-dominated warehouse staff more than its predominantly female store workers, even though the value of the work is comparable
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
Tesco loses market share as Lidl and Aldi outperform again
Like Tesco, big four rivals Asda and Morrison both experienced sales growth of 2.2%, though lost market share for the 12 weeks to 28 January 2018
FTSE 100 closes 2.64% lower as stock chaos continues
FTSE 100 closed 2.64% lower, or 193 points, at 7,141 amid chaotic US trading
Tesco confirms final dividend and says Booker CEO will head retail arm after merger
Tesco confirmed it will pay a final dividend of 2p and expects to report a profit of at least £1.575bn
Morrisons to slash 1,500 management roles and focus on customer service
The move comes after similar action taken by rivals Tesco and Sainsbury
Tesco to cut 800 jobs as it streamlines operations amid tough competition
Tesco said it hopes to improve efficiency with the job cuts, which will affect 1,700 employees
Investments and investor services
Prospex Oil and Gas boosted by new discovery, Petro Matad pinched by US$16mln placing
A look at some of the top risers and fallers in London today.
Investments and investor services
FTSE 100 closes on a high but latest UK stats weigh on retailers
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
M&S simplifies distribution network with new centre as part of overhaul
The new logistic centre will open in Hertfordshire next year
Food inflation helps UK grocers to deliver record Christmas sales but caution remains over general merchandise
Top spot in the Proactive grocer awards goes to Morrisons, while there was only real candidate for the wooden spoon – M&S
Booker sees sales jump 3.8% in final few months of 2017; Tesco shareholders set to vote on takeover in February
The sales are probably the least important bit of news in today’s update, investors will be more interested in the timeline of the Tesco takeover
Tesco slides despite strong food sales driving it to record Christmas
Like Sainsbury’s on Wednesday, Tesco has told investors it enjoyed a record festive season with UK sales rising 2% in the month leading up to Christmas day
FTSE 100 closes at third successive new high but retailers lag
FTSE 100 closed in London around 14 points higher at 7,762
Investments and investor services
How will Tesco and Marks and Spencer follow Morrison Supermarkets and J Sainsbury’s when they report on Thursday?
Tesco, Marks & Spencer and ASOS are next on the agenda.
Eat my shorts: Morrisons gives short sellers a lesson after strong Christmas trading news
According to the website www.shorttracker.co.uk, Morrisons is the seventh-most shorted stock in the UK – meaning traders are betting that the share price is primed to fall - with some 11.5% of its shares on loan, according to publicly decla