Tesco

Tesco Chief Executive’s Pay Package Doubles In FY23/24

The chief executive of Tesco’s pay package doubled in the 2023/24 financial year to almost £10 million, it was reported on Tuesday.

The UK’s third largest supermarket group Asda has refinanced over £3.2 billion of debt, pushing most of its maturities into the next decade.

Tesco Ireland has unveiled plans to roll out a new meat ‘pillow pack’ in order to reduce plastic waste, it was announced today.

Online retailer Ocado, discounter Lidl and supermarket Marks & Spencer were the UK’s fastest-growing grocers in the Q1.

Sainsburys has forecast up to 10% growth in retail operating profit in its new financial year as it continues to win customers from rivals.

Grocery inflation in the UK fell in March for the 14th consecutive month, according to data from Kantar released today.

Asda reported a 24% rise in annual earnings that reflect a 7.1% rise in total sales from 2023, and added that it had cut its debt.

French company Danone reported stronger-than-expected first quarter sales on Thursday, with volumes rising 1.2%.

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