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The Latest Breaking News from Ken Murphy

Tesco plans head office shake-up with 180 jobs cut, but new roles created

The UK’s biggest supermarket said it recognises the changes will come as ‘difficult news’ to staff members affected by its proposals.

Evening Standard

“Another Tradition Down The Drain”: Kids’ Picture Day Risks Ending Over Epstein Files Revelation

“This whole situation feels like something out of a horror movie.”

Bored Panda

“Lifetouch is not named in the Epstein files.” US school photography giant Lifetouch issues statement after Epstein investor ties create parent confusion and panic

“Lifetouch does not – and has never provided – images to any third party,” the company said after online parent panic

Digital Camera World

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UK sleepwalking into joblessness epidemic, Tesco boss warns

Ashwin Prasad says far fewer people in work than there could be with ministers just ‘tinkering at the edges’ of problem

The Guardian - UK

Retailers dish up strong Christmas food sales but fashion lags behind

Tesco, Sainsbury’s and Marks & Spencer were among those to deliver good news about their festive grocery sales.

Evening Standard

Tesco sees busiest-ever days over Christmas period as sales soar

The UK’s largest supermarket also reported some surprising changes in consumer behaviour over the festive period

Evening Standard

Tesco boss lends weight to calls for business rates support for pubs

Chief executive Ken Murphy has urged the Government to completely overhaul the business rates system, which be branded ‘fundamentally unfair’.

Evening Standard

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Tesco aiming for bumper 2026 after best Christmas market share in decade

Chain reports strong sales but shares drop 5% after analysts say third quarter performance was behind expectations

The Guardian - UK

The return of ‘Tescopoly’? How Britain’s biggest retailer dominates everyday life

Supermarket chain has quietly got its groove back to grab even more of shoppers’ spending this year

The Guardian - UK

Tesco Defies Market Pressure with Soaring Profits — Should You Buy In Before It Peaks?

Tesco has raised its full-year profit forecast after a strong first half, driven by price cuts, loyalty schemes, and digital expansion. With profits soaring, investors are asking: is Tesco stock a buy before it peaks?

International Business Times UK

Supermarket boss declares ‘enough is enough’ ahead of Autumn budget

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The Independent UK

Tesco predicts price war before Christmas amid ‘pressure on household budgets’

Retailer raises full-year profit expectations by £100m after luring shoppers with price cuts over summer

The Guardian - UK

Tesco sees off threat from Asda as it boosts market share and lifts profit guidance

Britain’s biggest retailer said it now expected operating profit for the full year of between £2.9 billion and £3.1 billion

Evening Standard

Do not make it harder for grocers to lower prices, Tesco boss urges Government

Households budgets remain squeezed and shoppers are increasingly seeking out value, according to the UK’s biggest supermarket.

Evening Standard

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The Independent UK

Tesco boss issues warning to Rachel Reeves over ‘what lies ahead’

Tesco says household budgets are squeezed and shoppers are increasingly seeking out value

The Guardian - UK

CEO pay at UK’s top companies is 52 times that of typical worker, report finds

High Pay Centre thinktank says median pay of FTSE 350 chief executive was £2.4m in 2023-24 financial year

The Independent UK

Tesco stores set to close early as part of new trial

The UK’s largest supermarket is understood to be trialling shorter opening hours in some Tesco Express stores

The Guardian - UK

British Gas owner suffers shareholder rebellion over CEO pay packet

Nearly 40% of Centrica investors vote against board’s pay plans as energy bill payers struggle with record debts

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The Independent UK

Supermarket price war heats up in relief for squeezed consumers

Tesco has signalled that a price war is mounting within the sector.

The Independent UK

Supermarket price war heats up as Tesco hints at more price cuts

Tesco has indicated a growing price war among UK supermarkets, with its chief executive, Ken Murphy, noting an "intensification" of competition and targeting up to £500 million in cost reductions.

Evening Standard

Supermarket price war heats up as Tesco cites ‘very competitive market’

Chief executive Ken Murphy also refused to rule out fresh job cuts as the supermarket targets a further £500 million in savings this year.

The Guardian - UK

Tesco enjoys ‘biggest ever Christmas’ as shoppers switch from rivals

Supermarket now controls 28.5% of grocery market, with sales at UK stores up 4% in six weeks to 4 January

The Guardian - UK

Tesco is unbeatable when it concentrates on the day job

Having exited most of its overseas adventures the retailer is an advertisement for the virtues of sticking to the knitting

The Guardian - UK

Tesco boss says new workers’ rights laws must not hurt growth

Bill is likely to include measures such as ending ‘exploitative’ zero-hours contracts and changes to sick pay

The Independent UK

Tesco could use AI to encourage Clubcard shoppers to make healthier choices

The Clubcard could ‘nudge’ Tesco shoppers into making healthier choices

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