Tesco

Tesco UK Announces Additional Share Buy-Back Worth £700m

Tesco said today that it intends to return £700 million to shareholders through an incremental share buyback, RTÉ reported last week.

Sainsbury’s has extended its Aldi price-matching scheme to its convenience stores, upping the ante on competitive pricing ahead of Christmas.

British supermarket Sainsburys has said it sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720 million.

Smurfit Westrock has worked with Nestlé to create a new paper sweets ‘tin’ its Quality Street sweets to help drive down emissions.

British shoppers faced increased pressure on their budgets last month as grocery inflation edge higher, data from Kantar showed on Tuesday.

Unilever is spending over €150 million to revamp its European homecare business’s supply chain, a senior executive told Reuters yesterday.

Tesco lifted its annual profit forecast after market share gains drove a 10% rise the first half, giving it momentum ahead of Christmas.

British shoppers impacted by the cost of living crisis will not start spending again until the new government sets out tax and spending plans.

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