Tesco’s annual results may have been overshadowed by the steps it is taking to cope with the coronavirus pandemic, but the nitty-gritty of today’s numbers deserve a closer look. The supermarket’s latest preliminary results cover the year to 29 February and do not cover the spell of mass panic buying in the last few weeks. … Read more
Tesco’s sales are up almost a third in a month because of coronavirus stockpiling but Britain’s biggest retailer will still grab a controversial tax break worth up to £700million, it was revealed today. The Government has been urged to rethink its taxpayer-funded 12-month business rates holiday for Britain’s largest supermarkets, who will together save an estimated £3billion … Read more
Tesco’s monthly sales are up 30 per cent because of ‘significant panic buying’ during the UK’s unprecedented coronavirus lockdown, it was revealed today. Britain’s biggest retailer also says its annual pre-tax profits hit £1.3billion in the year to February – down 19% mainly due to poor performance in European stores – but shareholders have still been promised … Read more
British Airways pilot forced to take ‘£40,000 pay cut’ when he was stopped from flying by coronavirus starts new job as Tesco delivery driver Peter Login has ditched Boeing 747s for a Tesco Mercedes Sprinter delivery van British Airways pilots were told to take a 50% pay cut in addition to unpaid leave He was … Read more
Savers’ lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend By Matt Oliver For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Tesco is expected to press ahead with a £550m dividend for shareholders this week. The supermarket giant is likely to post … Read more
Tesco benefits as shoppers rush to stock up on everything from loo roll to pasta during coronavirus lockdown By Daily Mail City & Finance Reporter Published: 21:58 BST, 3 April 2020 | Updated: 21:58 BST, 3 April 2020 Panic buying has dominated the headlines during the coronavirus pandemic as shoppers rushed to stock up on … Read more
Tesco is expected to post a surge in profits to £1.8billion as supermarket boss David Lewis prepares to step down after six years in charge. The supermarket giant is set to record pre-tax profits, for the year to February, up from £1.56billion last year. It will be the final full-year for Mr Lewis, 54, who … Read more
Aldi, Morrisons and Waitrose have become the first supermarkets to ease product restrictions brought in to cope with stockpiling – as Tesco ramps up its home delivery service during the coronavirus lockdown. All the major supermarkets imposed restrictions this month keep shelves full after Brits panicked due to the pandemic and stocked up on supplies. … Read more
Aldi, Morrisons and Waitrose have become the first supermarkets to ease product restrictions brought in to cope with stockpiling – as Tesco ramps up its home delivery service during the coronavirus lockdown. All the major supermarkets imposed restrictions this month keep shelves full after Brits panicked due to the pandemic and stocked up on supplies. … Read more
Shoppers were pictured in full protective gear as they ventured out to get essentials amid the coronavirus lockdown today. Britons donned gloves and facemasks on trips to supermarkets nationwide today, after the death toll from the virus reached 1,019 over the weekend. One cautious shopper was even pictured with a respiratory unit covering his entire … Read more