Tesco Share News (TSCO)

TOP NEWS: Tesco Chair Allan to step down after touching allegations

(Alliance News) - Tesco PLC on Friday announced that Chair John Allan will resign from his role and as director on June 16.

Tesco chair John Allan to step down

(Sharecast News) - Tesco announced on Friday that chair John Allan will step down at the company's annual general meeting on 16 June, as the supermarket chain said recent allegations of misconduct "risk becoming a distraction".

Tesco announces further price cuts on pasta and cooking oil

(Alliance News) - Tesco PLC has announced another round of price cuts on its own-brand pasta and cooking oil as it sees deflation making its way through to cupboard essentials.

UK competition watchdog steps up examination of grocery prices

CMA says no evidence pointing to concerns so far

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UK competition watchdog steps up work on grocery sector

LONDON, May 15 (Reuters) - Britain's CMA competition watchdog said it was stepping up its work looking at the grocery sector, but had so far not seen evidence pointing to specific competition concerns.

Sunday newspaper round-up: Tesco, National Grid, Morrisons

(Sharecast News) - Tesco's pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. Yet the grocer had no plans to pay more into the pension plan with a spokesman saying that the scheme was "in a strong position", "well-funded" and employing a different measure for estimating contributions then it was in fact "in surplus". - The Financial Mail on Sunday

With UK food price inflation at 46-year high, lawmakers launch probe

LONDON, May 12 (Reuters) - British lawmakers launched an investigation on Friday into the fairness of the country's food supply chain, seeking to understand why households are facing the highest levels of food price inflation since the 1970s.

UK's Guardian newspaper says Tesco chairman accused of inappropriate behaviour

LONDON, May 10 (Reuters) - The Guardian newspaper reported on Tuesday that John Allan, the chairman of Britain's biggest retailer Tesco, was facing claims of inappropriate behaviour from four women.

UK's Guardian newspaper says Tesco chairman accused of inappropriate behaviour

LONDON, May 9 (Reuters) - The Guardian newspaper reported on Tuesday that John Allan, the chairman of Britain's biggest retailer Tesco, was facing claims of inappropriate behaviour from four women.

Tesco chair accused of inappropriate behaviour - report

(Sharecast News) - The chair of Tesco has been accused of inappropriate behaviour, it was reported on Tuesday.

Tesco Chair John Allan denies inappropriate touching allegations

(Alliance News) - John Allan, the chair of supermarket chain Tesco PLC, has denied allegations of inappropriate touching by two women.

Britain's Sainsbury's cuts price of bread and butter

LONDON, May 9 (Reuters) - Sainsbury's, Britain's second largest supermarket group, has cut the price of bread and butter, in another sign that a surge in food inflation is set to abate and even reverse in the coming months.

IN BRIEF: Tesco Chief Product Officer Prasad sells GB450,000 in shares

Tesco PLC - Hertfordshire, England-based retailer - Chief Product Officer Ashwin Prasad sells 160,000 shares at GBP2.81 each, worth GBP449,600, in London on Friday.

UK dividends calendar - next 7 days

Investors managing $10 trln urge faster corporate action on plastics

Amundi, Pictet, Bailard among those signing statement

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