Tesco Share News (TSCO)

British lawmakers to quiz Asda co-owner over fuel price competition

LONDON, July 13 (Reuters) - British lawmakers will next week question Mohsin Issa, the co-owner of British supermarket Asda, to clarify comments made by one of his lieutenants about the group's fuel pricing strategy at an earlier hearing.

UK food price inflation to be 9% in December, industry researcher cautions

LONDON, July 13 (Reuters) - Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in December, a prominent grocery industry researcher said on Thursday.

Investors target consumer goods makers on fears of customer exodus over high prices

LONDON/NEW YORK, July 12 (Reuters) - Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers.

Investors target consumer goods makers on fears of customer exodus over high prices

LONDON/NEW YORK, July 12 (Reuters) - Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers.

WANdisco secures GBP200,000 renewal by Tesco for software support

(Alliance News) - WANdisco PLC on Monday said its software support and maintenance contract with Tesco Stores Ltd, part of Tesco PLC, has been renewed for a further two-year term.

BoE chief backs steps to tackle retailers over-charging

(Alliance News) - Bank of England Governor Andrew Bailey has said there was evidence that some retailers are overcharging shoppers and backed regulator moves to tackle so-called price gouging.

UK electricals retailer AO World looks to plug into Frasers

Mike Ashley's Frasers has bought 22.2% AO stake

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Supreme hails new vaping pact and yearly revenue improves

(Alliance News) - Supreme PLC on Wednesday said its annual profit decreased, but its revenue surged, and it struck a distribution deal with two large vaping brands.

Sainsbury's "sweet as nectar" but Tesco still preferred grocery play

(Alliance News) - J Sainsbury PLC on Tuesday reported an improved first-quarter amid simmering political scrutiny as supermarkets come under the spotlight.

Higher wages to temper UK food inflation fall, says Sainsbury's boss

LONDON, July 4 (Reuters) - Food prices in Britain will not return to where they were before Russia's invasion of Ukraine because a permanent rise in labour costs will mitigate the easing of commodity and energy pressures, the boss of Sainsbury's said on Tuesday.

Sainsbury's says UK fresh food prices falling, packaged goods to follow

Q1 like-for-like sales up 9.8%

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UK demands better deal for drivers in road fuel market

CMA says road fuel price competition has weakened

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Britain to change law to help improve competition in road fuel market

LONDON, July 3 (Reuters) - The British government said on Monday it will change the law to force road fuel retailers to provide price information to help strengthen competition in the market after the regulator found drivers were paying high prices due to increased margins. (Reporting by Kylie MacLellan, writing by Sarah Young)

UK watchdog says weaker competition for fuel to blame for higher prices

LONDON, July 3 (Reuters) - Britain's antitrust regulator said on Monday drivers have been paying more for fuel since 2019 due to weakening competition between retailers, publishing the results of a year-long investigation into competition in the road fuel market. (Reporting by Sinchita Mitra in Bangalore and UK bureau, writing by Sarah Young; editing by William James)

New Tesco chair brings wealth of experience in UK consumer space

(Alliance News) - Gerry Murphy's board experience with a wealth of firms in the consumer space makes him a solid choice by Tesco PLC as the grocer's next chair.