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Monday 27 April 2015

Retail

Tesco reveals record £6.4bn loss

Tesco, the UK’s largest supermarket, has posted the worst financial results in its century-long history, with £6.38 billion of pre-tax losses in the year to February 28.

Wednesday, April 22nd, 2015 No Comments »

Tesco to unveil biggest loss in its history

UK retailer Tesco will this week announce the biggest losses in its 96-year history, as the company struggles to find its feet after last year’s profit scandal.

Monday, April 20th, 2015 No Comments »

£720m UK online wine market ‘unprofitable’

Just hours after the announcement that Majestic Wines has bought loss-making Naked Wines, an event in London has highlighted the challenges of turning a profit in the UK’s £720m online wine market.

Friday, April 10th, 2015 No Comments »

Tesco names new chairman

Tesco has appointed Dixons Carphone deputy chairman John Allan to lead its board of directors after the departure of Richard Broadbent.

Wednesday, February 18th, 2015 No Comments »

Tesco gives £2m payout to former execs

Tesco has agreed to pay its former CEO and CFO over £2 million in “damages” after they stepped down in October following the company’s profit scandal.

Tuesday, February 3rd, 2015 No Comments »

Tesco plans to slash drinks range

The UK’s biggest supermarket and drinks retailer Tesco is planning to cut its range of wine, beer and spirits by a third, according to reports.

Monday, February 2nd, 2015 No Comments »

New retail standards guide published

An “unprecedented” new body combining the drinks trade and retailers has published its first set of guidelines on alcohol standards in retail.

Friday, January 16th, 2015 No Comments »

Morrisons CEO latest victim of price war

The board of UK supermarket Morrisons has voted to oust its CEO after the retailer performed the worst of the big supermarkets over Christmas.

Tuesday, January 13th, 2015 1 Comment »

Tesco profit warning sees stocks dive

Tesco is predicting its full-year profits will be £400-800 million below market expectations, prompting its stock price to nosedive by 16%.

Tuesday, December 9th, 2014 No Comments »

Minimum unit pricing push in NI

Northern Ireland health minister Jim Wells has said he plans to bring in minimum unit pricing, with plans for a public consultation in the new year.

Wednesday, December 3rd, 2014 No Comments »

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