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Tesco warns over full-year trading pressures as shoppers ‘watch every penny’

City

Tesco posts lower profits and warns over full-year trading pressures

Supermarket giant Tesco has revealed falling half-year profits and warned that annual earnings will be towards the lower end of expectations amid soaring inflation and as customers trade down in the cost crisis. The group warned of “significant” ...

05 Oct 2022 at 12:07

City

Tesco boss Ken Murphy handed £4.74m pay packet

The boss of Tesco received a £4.74 million pay packet for the past year, the supermarket group has revealed in its annual report. It comes as food prices for customers continue to rise amid a host of intensifying pressures on household budgets. ...

13 May 2022 at 09:25

City

Price pressures easing ‘substantially’ as profits jump, says Tesco

Tesco has said price pressures have eased “substantially” as the supermarket giant revealed a jump in profits. However, the UK’s largest grocery firm said it still saw “sticky” inflation on popular items such as chocolate, potatoes and coffee. ...

10 Apr 2024 at 11:08

City

Tesco says shoppers buying more after inflation ‘lessened substantially’

Tesco said inflation in the grocery sector has “lessened substantially” as it revealed higher sales and profits for the past year. The UK’s largest supermarket group posted an adjusted operating profit of £2.83 billion for the year to ...

10 Apr 2024 at 07:32

City

Tesco chief’s pay more than doubles to nearly £10m

Tesco boss Ken Murphy has seen his pay deal more than double to almost £10 million for the past year. It means the chief executive has been paid 431 times the wage of the average Tesco worker – £23,010. The supermarket giant’s annual ...

14 May 2024 at 17:33

City

Tesco says consumers in ‘good shape’ as it reveals jump in premium shoppers

Tesco has said consumers are in “reasonably good shape” as a surge in demand for premium products and food price cuts helped lift its sales. The UK’s biggest supermarket said shoppers were buying more items than they were last year. ...

04 Oct 2024 at 09:15

City

Tesco toasts sales growth as it sees surge in premium shoppers

Tesco said shoppers have been buying more fresh food and premium items this year as it reported an increase in sales and profits. The UK’s largest supermarket said it is forecasting its full-year profit to be slightly higher than ...

03 Oct 2024 at 07:35

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