Tesco

UK Grocery Inflation Falls To 1.6% – Kantar

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

More than 20,000 Tesco employees will share a windfall profit of more than £30 million from maturing stock schemes, the retailer has said.

Sainsburys reported a 3% rise in first-quarter underlying sales on Tuesday, despite weather-related weakness in non-food categories.

UK supermarket group Asda said on Friday it returned to a pretax profit in 2023 even though it lost market share to rivals in that period.

Total till sales in UK supermarkets slowed (+1.1%) in the last four weeks ending 15 June 2024 on wet weather, according to NIQ.

Morrisons has said that its new chief executive’s strategy to improve price competitiveness and develop a loyalty programme is working.

Tesco Ireland Limited on Monday pleaded guilty to two charges relating to how they displayed the price of products offered to Clubcard users.

NatWest has struck a deal to acquire most of Sainsburys’ banking business in a deal that will increase the lender’s assets by £2.5 billio...

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