Tesco - Latest News and Analysis – Page 240
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World's biggest Spar store opens in China
It's as big as a large Tesco Extra and it sells Mongolian cows' milk. It's the world's largest Spar store - and it's just opened its doors in China. At 107,600 sq ft, the new store is more than 25 times the size of an average Spar...
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Tesco silence over Fresh & Easy reports
Tesco has refused to confirm reports it is planning to enter the US next year under the name Tesco Fresh & Easy.Press reports appearing this week said job ads on a US recruitment website asked for applicants who would...
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In Brief: No HP Revolt; Success for Asda; Retailer in top 30; Mosquito signing; Tesco coffee deal
Heinz has said there has not been a downturn in HP Sauce sales following calls from Clare Short, a Birmingham MP and former secretary of state for international development, to boycott the product. Short called for the boycott...
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Tesco aims to be “good neighbour”
Tesco has set out a ten-point plan in an effort to improve local communities, the environment and the nation's health.Speaking just 24 hours after the Office of Fair Trading confirmed that it would refer the UK grocery sector to the...
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Tesco switches from road to rail
Tesco has pledged to cut as many as 260 lorry journeys a week by moving heavy freight from road to rail, after its logistics firm received £435,000 of government funding. The retailer will work with haulage firm Eddie Stobart to...
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Tesco maps out supply revolution
Group sourcing has been used for non food lines for a while now, but as Tesco employs the same strategy for some of its grocery lines, should the competition be worried? James Durston reports. They say size isn't everything, it's what...
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Tesco chicken sales unruffled by bird flu demo
If the poultry sector was looking for more evidence that the public isn't put off chicken by bird flu outbreaks, it was to be found at a Tesco Metro in Norwich last week. The store - in the same county as two farms where the low...
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Tradesmen network: Asda v Tesco?
Asda and Tesco could be set to go head-to-head again as both consider launching a network of tradesmen to cash in on consumers' fears over cowboy workmen.The service would include a directory of maintenance services, such as...
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Tesco, Asda admit penalty mistakes
Supermarkets are facing increasing pressure from local traders and residents over strict parking penalties at stores after both Tesco and Asda admitted flaws in their charges. Tesco has been forced to do a u-turn over newly imposed...
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Somerfield sharpens up
Somerfield's new trading team is already making a big impact following a series of price cuts to refocus its value position. When former Asda boss Paul Mason and former Tesco grocery trading director Colin Smith joined Somerfield...
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Cantor tips Holmes as next Morrisons chief executive
Tesco's convenience chief executive Colin Holmes is narrowly ahead of its commercial and trading director, Richard Brasher, in the race for Bob Stott's job at Morrisons, according to an analysis of runners' and riders' odds produced...
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Campaign to impress with cress
British salad cress and mustard & cress are to be given a major push by one of the UK's leading growers in a bid to reverse falling sales. Humber VHB, which supplies cress to Tesco, Sainsbury, Somerfield and Waitrose, is...
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Concept store to boost online grocery service...
Tesco has come up with a new concept to boost its grocery offer - but it is a store that customers will never be allowed to enter. The first Tesco.com-only store opened in Croydon, south London, in February. Although from the...
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Tesco shows off best of Scotland
Thousands of people enjoyed a taste of Scotland last weekend as Tesco hosted its inaugural showcase of Scottish Food and Drink Producers at the Edinburgh Hub. At the opening of the event, Tesco chairman David Reid said: "Scotland...
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... as Sir Terry reports £2.2bn profit
Tesco reported record profit this week of £2.2bn, but its growth in recent months slowed to its lowest in four years. Tesco chief Sir Terry Leahy admitted that it was now growing slower than some of its competitors, following...
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Tesco makes bumper profit
Tesco has recorded a 17% increase in underlying profit to £2.25bn in its full-year results.In full-year results to February 25, the retail giant said that its group pre-tax profit increased 16.7% to £2.21bn, on group sales up 13.2% to...
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Tesco results expected
Tesco is expected to reveal full-year profits of £2.2bn tomorrow.Analysts are predicting that the UK's number one supermarket group will unveil group sales of approximately £38bn and pre-tax profit of £2.16bn-£2.2bn.They have also...
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Tesco puts availability on ice
Finally Easter marks the transition between winter and spring. The weather bucks up and the clocks change. Some things, however, stay the same. Somewhere across the country a shopper fails to find something they would dearly like to...
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Tesco sells diamond rings
Tesco has started selling diamond solitaire rings in its stores.The rings, ranging from a £47 1/10th carat stone in a 9ct gold setting, to a £1,297 one-carat diamond in an 18ct gold setting, will be sold in 26 stores.Alison Ladd,...
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Multiples woo the Scots
Scotland looks set to be a key battleground for the supermarkets in the next 12 months as Tesco, Sainsbury, Asda and Waitrose all kick off programmes to stamp their mark north of the border.Tesco plans to spend £75m building its...