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Tesco sales – signs of things starting to turn around?
It says something about Tesco’s predicament that its shares have risen this morning because first quarter sales were bad, but not as bad as they could have been.
The UK’s largest retailer, Tesco has announced its first full year of growth for seven years. Interview with Tesco Chief Executive Dave Lewis on the forecast for the company.
Tesco’s UK arm has agreed to pay just under a quarter of a billion pounds in a deal with the authorities over the accounting scandal that rocked the company in 2014.
It says something about Tesco’s predicament that its shares have risen this morning because first quarter sales were bad, but not as bad as they could have been.
Clearly in a vicious cut-throat pricing environment, like the one we’re in now, all the power incorrectly lies with the supermarket and it’s the suppliers who get abused. That has to change.
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.
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.
For some days Tesco have been considering their response to Channel4 News as debate continues over a card viewed by some as offensive currently on sale in Tesco shops.
We FactChecked the Food Standards Agency’s response to the horsemeat scandal last week and found it wanting. Has the agency kept its promise to make the food industry get its house in order?
The firm might have expected its promise to create 20,000 jobs over the next two years to be enthusiastically endorsed – or at least, to borrow from its own slogan, to be embraced with the verdict “every little helps”. But few are prepared to take what Tesco says on trust. Do these figures strip out jobs lost? Are they full-time posts? Over to the team.