Tesco

Asda Returns To Profit In 2023 Despite Competition From Rivals

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...

UK grocery inflation fell for a sixteenth month in a row in June, data from market researcher Kantar showed on Tuesday.

Tesco Ireland has reported strong results for the first quarter, as it experienced growth in all channels.

Tesco said its market share was growing more than it has in the past two years as it reported a 4.6% rise in underlying quarterly sales.

Get the app today!