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At one point today, Tesco saw £2bn wiped off its share value after issuing its fourth profit warning – and has now had to admit its end-of-year profits will be around £500m less than expected.
The longer this goes on without answers, the resilience of hundreds of thousands of Tesco employees, who thought they were working for an iconic, stable British institution, will be tested.
When I speak to Tesco’s boss I will ask him… oh, wait. We’re not getting an interview. But he has some explaining to do about the company’s 92 per cent pre-tax profit slump.
After outgoing Tesco Chairman Sir Richard Broadbent blanks questions on his leadership, new CEO Dave Lewis does agree to talk to Channel 4 News’ Economics Editor Paul Mason about the company’s woes.
Tesco’s shares keep on falling, and the company continues to lose grocery sales to its supermarket rivals.
Four senior Tesco executives are suspended after expected profits were overstated by £250m at Britain’s biggest retailer. What happened and why does it matter?
A group of town halls urge the government to tax major out-of-town supermarkets to help fund upgrades to local shopping areas. Twenty councils want a so-called “Tesco tax.”
Tesco suffers its worst trading in four decades, with sales from UK stores open at least a year falling 3.7 per cent in the past three months.
Is Tesco’s ban on sweets at the checkout the sign of changing times, or a gimmick to generate good headlines? Science Editor Tom Clarke investigates – with the help of the experts….
Britain’s biggest supermarket posts a 6.9 per cent fall in annual profit to £3.05bn – its second straight year of decline.
Supermarket giant Tesco has revealed a fall in pre-tax profits for the first half of its financial year of 24.5 per cent – a fall of £430m.
As Asda and Tesco apologise for selling “mental patient” and “psycho ward” outfits, mental health patients hit back online by tweeting pictures of themselves to challenge stereotypes.
Siobhan Kennedy
As questions are raised over the way some of Britain’s biggest businesses recruit their staff, a Tescos whistleblower tells Channel 4 News workers were forced to take a pay cut – or lose their jobs.
Labour’s Chris Bryant MP is forced to back down on claims about Tesco and Next. But Channel 4 News speaks to foreign Tesco workers who say he might just have had a point.
Labour sets its sights on Tesco’s employment practices, accusing the supermarket giant of employing cheap workers from eastern Europe, in a speech attacking “unscrupulous employers”.