Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTesco Share News (TSCO)

Share Price Information for Tesco (TSCO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 311.00
Bid: 311.10
Ask: 311.30
Change: -0.50 (-0.16%)
Spread: 0.20 (0.064%)
Open: 311.80
High: 311.80
Low: 309.50
Prev. Close: 311.50
TSCO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Retailers urge Welsh govt not to dictate what people can buy in 'fire-break' lockdown

Fri, 23rd Oct 2020 12:08

LONDON, Oct 23 (Reuters) - Retailers in Wales have written
urgently to First Minister Mark Drakeford expressing alarm over
new regulations that restrict the sale of "non essential"
products in essential shops during the country's two-week
COVID-19 lockdown.

Wales' "fire-break" begins on Friday at 1700 GMT and ends on
Nov. 9. Everybody but essential workers will have to work from
home. All non-essential retail, leisure, hospitality and tourist
businesses will have to close.

Retailers that can stay open, such as supermarkets, were
told on Thursday that the regulations require them to only sell
what the Welsh government deems to be "essential" product lines,
partly to protect smaller businesses that do have to close being
put at an unfair advantage.

Supermarket chains Tesco, Sainsbury's,
Asda and Morrisons, which are all big sellers of
clothing, immediately scrambled to adapt their stores to focus
on food.

However, retailers are perplexed because no definition of an
essential product has been forthcoming from government.

In a letter to Drakeford, the Labour leader of the devolved
government which has responsibility for health and sometimes
finds itself at odds with the Conservative government in London,
the Welsh Retail Consortium and the Association of Convenience
Stores called for a rethink of the plan.

The trade bodies also requested an urgent meeting.

"Compelling retailers to stop selling certain items, without
them being told clearly what is and what isn't permitted to be
sold, is ill-conceived and short-sighted," said Sara Jones, head
of the Welsh Retail Consortium.

James Lowman, Chief Executive of the Association of
Convenience Stores, said the regulations were badly thought out.

"Retailers must not be forced to stop making products
available to customers just because ministers don't think
they're essential," he said.
(Reporting by James Davey; Editing by Hugh Lawson)

More News
3 Jul 2023 07:21

Tesco brings in Gerry Murphy as its new chair

(Sharecast News) - Retail giant Tesco announced on Monday that Dr Gerry Murphy would join its board and assume the role of chair from 1 September.

Read more
2 Jul 2023 15:18

Sunday newspaper round-up: Google, M&S, Tesco

(Sharecast News) - Google's new quantum computer is capable of instantly making calculations that would take current supercomputers 47 years to complete. Such compouters, proponents argue, will be capable of battling climate change and creating breakthrough drugs. Their ability to break encryption systems now utilised on the other hand makes them a threat to national security. - The Sunday Telegraph

Read more
1 Jul 2023 14:14

Britain's Tesco to appoint Gerry Murphy as next chair

July 1 (Reuters) - Britain's largest supermarket operator Tesco has appointed Gerry Murphy, current chair at Burberry and Tate & Lyle, as its new chairperson, it said on Saturday.

Read more
30 Jun 2023 10:51

Britain's Tesco launches new round of price cuts

LONDON, June 30 (Reuters) - Tesco, Britain's biggest supermarket, cut the price of more than 500 essential items on Friday, in the latest sign that a surge in grocery inflation will moderate this year.

Read more
29 Jun 2023 08:48

LONDON MARKET OPEN: Tough talk from central bankers sends stocks lower

(Alliance News) - Stock prices in London were lower on Thursday morning after major central bank chiefs made it clear on Wednesday that global interest rates will keep rising.

Read more
29 Jun 2023 00:01

Britain's Ocado follows rivals in cutting some prices

Ocado cuts prices of over 100 essential items

*

Read more
27 Jun 2023 14:37

Britain's supermarkets reject 'profiteering' charge

UK food price inflation was 18.7% in May

*

Read more
27 Jun 2023 11:31

UK supermarket bosses reject 'profiteering' charge

LONDON, June 27 (Reuters) - British supermarket bosses rejected allegations they were profiteering through a cost of living crisis on Tuesday, telling lawmakers they were not passing on cost rises in full to customers in order to remain competitive.

Read more
27 Jun 2023 11:28

UK's Tesco and Sainsbury's reject idea of price caps on essential groceries

LONDON, June 27 (Reuters) - Britain's two biggest supermarkets Tesco and Sainsbury's are not in favour of price caps on essential items, executives said when asked about the issue at a parliamentary committee examining inflation and retail profits.

Read more
27 Jun 2023 11:12

British supermarkets deny profiteering, acting as a cartel

LONDON, June 27 (Reuters) - Britain's biggest supermarkets denied profiteering from food inflation or acting as a cartel when questioned about grocery prices by lawmakers on Tuesday.

Read more
27 Jun 2023 08:00

Online's share of UK grocery market dips as heat pushes shoppers to stores

Online was 10.4% of total UK grocery market in June

*

Read more
26 Jun 2023 10:45

UK's Sainsbury's cuts more prices, adding to signs of abating inflation

Sainsbury's cuts price of chicken, pasta and rice

*

Read more
20 Jun 2023 10:10

Grocery price inflation eases to slowest monthly rate this year - Kantar

(Sharecast News) - Grocery price inflation has eased to its lowest monthly level this year, according to industry data released on Tuesday.

Read more
20 Jun 2023 08:30

TOP NEWS: UK grocery inflation fades to year-to-date low - Kantar

(Alliance News) - UK grocery price inflation eased to its lowest level since last year, numbers on Tuesday showed, though it remained in robust shape, helping boost the market share of discounters.

Read more
20 Jun 2023 08:00

UK grocery inflation edges lower for third straight month -Kantar

*
UK grocery inflation 16.5% in four weeks to June 11

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account