Tesco PLC announced on Tuesday that after reaching an agreement with the union workers, it will increase 9.07% the hourly pay rate to leave it at £12.02, starting in April.
According to the British multinational grocery retailer, this salary increase is considered as a "record investment," as it marks...
Tesco Plc. announced on Friday that it has agreed to sell its retail banking business to British multinational bank Barclays Plc. for roughly £700 million, with the merger expected to be completed in the second half of 2024.
"This strategic relationship with the UK's largest retailer will help create new...
Tesco PLC announced on Sunday it decided to appoint Gerry Murphy, Burberry Group plc and Tate & Lyle plc chair, as its next chairman, confirming earlier media reports.
Murphy will take on the role from September 1, replacing interim chairman, Byron Grote, who will return to his previous role as...
Tesco PLC is expected to appoint Gerry Murphy, Burberry Group plc and Tate & Lyle plc chair, as its next chairman, Sky News reporter Mark Kleinman tweeted on Saturday.
He will be succeeding John Allan, whose departure was announced back in May 2023. Allan's alleged "inappropriate behavior"...
British retailer Tesco plc announced on Monday that it will increase wages for its store workers from April by 7%, pushing the rate to £11.02 an hour.
One of the largest retailers worldwide noted that it will dedicate over £230 million to cover for the costs of the latest decision.
Tesco employs...
Tesco PLC announced on Tuesday in a statement that it will be restructuring its management and shutting down remaining counters and hot delis in supermarkets in the United Kingdom from February 26. The move is expected to affect around 2,100 jobs.
The UK retail giant said it is aiming to...
Tesco PLC stated on Tuesday that it is changing its overnight roles in some stores, which could affect 1,600 jobs. The supermarket chain is moving its overnight stock replenishment to daytime trading hours in 36 large stores and 49 convenience stores.
"We aim to offer alternative roles at Tesco for...
Tesco plc and Carrefour S.A. stated on Monday that they do not intend to renew their purchasing alliance after its operational framework expires at the end of 2021. The British and French supermarket chains agreed to cooperate in 2018 on their "strategic relationship with global suppliers, the joint...
Amazon.com Inc. is expected to become the largest retailer in the United Kingdom by 2025, City A.M. reported on Thursday.
According to Edge Retail Insight research read by the business newspaper, the tech giant's revenue in the UK is seen increasing more than 100% to £77 billion, which would...
Tesco plc confirmed on Monday that it will pay out £4.9 billion to its shareholders via a special dividend of 50.93 pence per existing ordinary share of the company.
The announcement comes following the completion of Tesco's Thailand and Malaysia businesses sale for the net amount of £7.8 billion. The...
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