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ok, if that is what you saw locally I am in no position to argue, however I would be certain this is a 'local' issue, perhaps more as a result of poor local ordering rather than a company change of policy. There is absolutely no way Charles Wilson would countenance not supplying GB meat in some form, nor the customers to that mind! Suggest you speak to the Store Manager concerned, I am sure they could explain. I no longer work for the business but it is well run to be sure.
I can assure you my comment and observation was WHOLLY CORRECT, walking round the booker meat dept the last time I was there only meat from Brazil was available. I do not doubt what you say, in the past things might have been different but NOT when I was there. I have often bought meat from there but will not buy meat imported from destructed rainforest lands. British farmers deserve to be supported by British retailers and Tesco should do their bit, not to mention all the environmental issues.
That Xmas card story stinks! Wouldn't be a surprise if it turns out to be faked in some way. The message is written in near-perfect English -- by "Chinese prisoners". Found by an angel 6yo with compo face. It all looks too perfect. Too setup.
DEBS1 - unsure as to the the basis of your comments, but I can clarify one thing for absolute certainty, your point re Booker is WHOLLY INCORRECT, I worked for Booker for a period of time and their sourcing of meat products is excellent, they offer a wide variety of meat from a number of countries based on a Good / Better / Best hierarchy and they do sell Brazilian, but also meat from many other countries including the UK. When I was there the UK meat was from Ireland, the exact same factory who supplied M&S, that is fact, they also sold Scottish from time to time too.
Tesco charity Christmas cards are 'packed by Chinese prison SLAVES': Girl, six, discovers chilling note from Shanghai inmates inside £1.50 box
https://www.dailymail.co.uk/news/article-7818775/Tesco-charity-Christmas-cards-packed-Chinese-prison-SLAVES.html
Debs 1 I think your facts are wrong regarding the Bookers Beef . Look at their websites and look where they source their meat from. My son worked for Bookers when he was at University , and British beef along with Argentinian , Australian and New Zealand was available along with some from Brasil . The answer is for all of us to cut down on red meat , if no demand no production , simple. If I go out for a meal , I find it very difficult to find Lite bite meals now . 4 ounces of meat is enough for anybody in a meal not 8 and 16 ounce steaks .
watch out with this share, Tesco are very poor on environmental issues and the word will get out soon. It will show Tesco in very bad light so just take care, even considering selling to get out at what really is a high price. I think the first issue is Bookers - only Brazilian beef available - no uk beef. More rain forest gone.
Tesco is still the best supermarket chain , the variety of products on the shelves far outweigh the others . I am surprised about the Far East possible sale , but if it gives a good profit against investment , and with the instability in the region caused by Chinese aggression , perhaps now is the time to quit. Hopefully some of the money will come back to the shareholders.
To be fair, little known fact -- Milton Keynes is the richest metro area in the UK outside Central London. MK GDP-per-head is on par with New York or Paris. It has hundreds of premium car, tech and e-tail firms in a wealthy cluster, like Mercedes, Red Bull F1, Amazon, etc. etc.
Yup, Tesco is dying. Death by a thousand cuts.
The North American biz is gone. The Asia biz is gone. The UK biz is in going.
Aldi and Lidl are killing Tesco (and all the other major British brands) in the UK. Fifteen years of attrition and accelerating.
UK is going post-retail. Tesco today is like British Leyland from the 1970s. An inept British giant bumbling from one mistake to another and being thrashed by leaner German and American competition. It is toast.
Only buy Manuka honey and very expensive but nice.
Tesco (LON:TSCO) had its target price increased by Goldman Sachs Group from GBX 276 ($3.61) to GBX 280 ($3.66)
Bees are fed sugar during the winter to keep hives going , so it is possible a small amount of sugar syrup would be found in honey collected for bottling . Does anyone know the percentage of syrup that is being claimed to be in the honey ? We put sucrose out for bees in our garden when flowers are in short supply and during weather bad .
Looking at the 5 year graph , the trend is your friend and it certainly looks in an upward channel, and apart from one year in the last 5 it’s gains 50-60p in the new year . So hopefully a base at the 235 area and a good Xmas we can climb to 285 around may. The big danger is Aldi and Lidl as with the recent data and new stores ever eating away at the big 4. Stroke of genius getting booker but by god if we hadn’t we’d be around 180! Any thoughts as I’ll certainly dissolve 33% of my holding around 280
I was about to buy some Tesco shares. As part of my research I was in high Wycombe so visited the large store, to be honest it looked downmarket and lacking on stock. I was in the market for a simple mobile phone but the ones on display that I liked were out of stock. Now seeing your discussion on jobs I won't be investing. Thanks for your honesty.
Uncle Doug,
You have a point in terms of footfall. However, it isn't all down to Aldi and Lidl. There are staff shortages in most stores who do home shopping. An incredible lack of pickers and drivers even though agency drivers are often used. The service is creaking at the seams with many stores capping delivery slots. Still it limits the costs of this loss making part of the business. It isn't Aldi and Lidl who are causing the shortfall it is lazy customers hence the arrival of Clubcard Plus to get customers back in store.
Update from June. Looks like Tescos Corporate have £15bn to lend to the group. Who knows where the money will go. Tescos sold their mortgages to Lloyds.
Last June statement from treasury company here.
https://www.tescoplc.com/media/754718/tesco-corporate-treasury-services-2019-final.pdf
Dividends up but growth down.
Any comments on the £15,000,000,000. mentioned in RNS yesterday. I thought someone would have posted something by now.
Keep the Red Flag flying … …
Boom
So I see today that 10 executives on the board have received awards pending a good performance going forward in 2021 ( latest runs) roughly 400k-500k each a nice bonus to have guys and totalling almost £5 million . Now let’s see hmmm, what do the Ga’s in 2021 get bonus wise for working hard sticking with the company loyalty to save staff churn oh feck all ! Nice one Tesco bossses/board / committee/ union talk about double standards,it’s a case of we will keep ours and take away yours. Unbelievable
Uncle doug copying and pasting motley fool posts hardly constitutes an opinion much less a recommendation! personally on balance doing the opposite of what the motley mob recommend is the only influence i allow that site to have on my decisions. Tesco is a massive truck trying to make a turn into another direction,IT TAKES TIME... 27% market share compared to 6% is for the German discounters! Oh and any worries about EU sourcing post Brexit or pound value yada yada remember the discounters entire model consists of sourcing cheap Eu produce any "hiccoughs" post Brexit would seem to me liable to affect Aldi and Llidl MORE than Tesco but im just an old fool not a motley one.
The good thing about Aldi/Lidl competition is that my local Tesco is a lot less busy than it used to be - I can whizz round the aisles in no time, there's never any queues at the checkout and I get to park really near the entrance. The downside is their food like the current SP is overpriced.
I believe you matee- I work there and they employ bunch of looney Managers - dont have a clue and often they employ their friends and family -
According to the research house, while Britain’s supermarkets enjoyed a welcome return to growth in the 12 weeks to September (up 0.5% year-on-year), Tesco’s checkouts became that bit quieter. Sales there dropped 1.4% in the period, dragging its overall share of the market 0.5% lower to just below 27%.
Kantar’s latest release underlined the devastation the German discounters are wreaking on the former monopoly of the Big Four grocers. Sales at Aldi rocketed 6.3% in the three months while those at Lidl jumped 9.2%, in turn dragging its market share to record highs of 6%.
The likes of Tesco can expect the bricks-and-mortar disruptors to continue their stunning ascent beyond the near term too. For one, they are likely to continue on their programme of aggressive new store openings and site refurbishments well into the next decade. And in the meantime, worsening economic conditions in the UK look set to drive cost-conscious shoppers through their doors in ever-greater numbers as well.
Lol. My uncle worked at Tesco in the 1990s and told exactly the same stories of "jobs chaos" and "agency staff chaos" and "relentless staff turnover". Nothing has changed in quarter of a century!
Uncle was lucky to get in early, during the boom years. His cheap Tesco stock options were worth ~£200k when he retired.
Wouldn't want to work at Tesco now, though. Aldi and Lidl are crushing them in food, Amazon is crushing them in non-food, while the overseas business is in freefall.