Tesco - Latest News and Analysis – Page 267
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Tesco to raise more cash
Tesco is said to be in talks to sell up to £600m of property to Topland, the private property group run by Sol Zakay, through the sale and leaseback of its stores.According to a report in The Times, the deal could involve Tesco selling about...
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Tesco expands in Scotland
Tesco has opened its largest store in Scotland and its first to offer self-scan checkouts north of the border.Tesco Extra in Cumbernauld will compete with a nearby Asda to offer shoppers a 24-hour service. Meanwhile, Asda has won...
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End of a London empire
Tesco’s takeover of Adminstore would mark the end of one of the leading c-store chains in and around London.MD Jitu Patel started out in 1979 when he began to build a chain of seven stores trading as Crispins Food and Wine and joined...
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Tesco stuns withchain coup
Tesco stunned the convenience store sector with a £53.7m offer for upmarket London chain Adminstore this week.Tesco corporate affairs director Lucy Neville-Rolfe said that the multiple had been negotiating with the owners of the Adminstore...
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C-store chiefs fight deal
C-store bosses have called on the OFT to prevent Tesco from marching unopposed into the convenience sector.Musgrave UK executive chairman Eoin McGettigan, Spar UK MD Jerry Marwood and Big Food Group CEO Bill Grimsey said they would be sounding...
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Multiples fuel the forecourt battle
Forecourts face a challenging year as the UK’s big food retailers move up a gear with expansion plans, says Siân HarringtonPetrol forecourts are shaping up to be the big battleground for the multiples this year. Last week, Tesco chief...
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Asda gets price cutting
Asda became the latest multiple to announce a round of new year price cuts this week.Following the £70m of cuts announced by Tesco on January 5, Asda said it was taking £85m off prices, including £2m of cuts to offset VAT on 200 medicines. The...
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Cynful NPD on Guernsey
Guernsey’s last remaining brewery is planning a range of new product development on the back of winning a national listing with Tesco for its mild ale.Randall’s Brewery won a trial listing with the supermarket last year for Cynful ale after...
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Tesco expresses offer for Adminstore
Tesco has offered Adminstore £53.7m for its 45 convenience stores which trade as Europa, Harts and Cullens.Tesco said customers liked its Tesco Express format and the deal would bring “the Tesco shopping experience to more local...
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Exotic Passion kicks off limited editions
Diageo is planning a series of initiatives to promote the roll-out of the latest flavour of Archers Aqua and generate excitement. The Exotic Passion variant, which went into Tesco’s stores in an exclusive arrangement before Christmas, is the...
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Dunnes takes on Foley over nappies
Dunnes Stores is taking legal action against Irish consumer affairs watchdog Carmel Foley over the Groceries Order – at a time when she has started proceedings against both it and Tesco for alleged breaches of the order.The Dunnes action, to be...
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Tesco winner at Christmas
More than half of all UK households shopped at a Tesco store during the four-week run up to Christmas, according to ACNielsen Homescan TradeTrak data which measures grocery and non-food spend.In the four weeks to December 27, 53.3% of all...
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The smart way to do business
The barcode’s successor is moving mainstream at a rapid paceWhen Tesco announced a massive rollout of radio frequency ID tagging, it was a wake-up call to UK manufacturers and retailers. Suddenly it was less a matter of ‘if’ RFID...
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Tesco’s Asian aisle rolls
Tesco is rolling out its dedicated Asian food aisle concept to another 75 stores and expanding the range’s shelf space in existing outlets by a half.The 250-strong range, launched in September last year and currently in 100 outlets, includes...
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Tesco gets chewing
n Tesco has muscled in on the Wrigley-led chewing gum and breath-freshening strips markets with new own label products.n Its peppermint and spearmint gum, produced in Denmark, comes in...
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Bags must be reusable, not degradable
from John Bunnell, East Portlemouth, DevonSir; I am dismayed that Tesco has agreed to buy degradable bags. The justification for degradability is suspect and the effectiveness more so.I was the MD of Alida Packaging in the...
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Retailers unfazed by wait for Atkins
Tesco and Sainsbury head a list of leading retailers that will have to wait until September to stock a new range of official Atkins products.The Grocer revealed last month that US-based Atkins Nutritionals, the company behind the controversial...
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Tesco challenge to Boots
Tesco is to launch a £70m price-cutting campaign to focus mainly on its health and beauty range. The UK’s leading grocer said it would lower the price of more than 600 health, beauty and baby products, such as toothpaste, medicines and baby...
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Snacks join the party
Tesco moves up to the top of the chart this week, forcing Sainsbury down to second place although there are fewer than two percentage points between them. Both retailers are really strong on promotions on alcoholic drinks with price promotions...
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join the club
n Tesco has global ambitions for its data warehouse giving suppliers access to critical marketing information says Ed Bedington Tesco's understanding of its customer has been a key factor in the retailer's meteoric rise. But can the use of the same...