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The Latest Breaking News from Ken Murphy

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

IN FULL

The Independent UK

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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

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 Independent UK

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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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 Guardian - 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 Independent 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

The Guardian - 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 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.

Evening Standard

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.

The Independent 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

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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

Evening Standard

FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid

Tesco shareholders are today having their say on the £9.9 million pay package awarded to boss Ken Murphy.

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The Guardian - UK

French bonds and stocks rocked by political turmoil – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Tesco CEO’s near £10m pay a ‘slap in the face’ for struggling workers, union says

Package for Ken Murphy more than double previous year’s, with more than half relating to long-term bonus

Evening Standard

Tesco profits rocket as food inflation eases

Grocer says it is grabbing market share from rivals

Evening Standard

FTSE 100 Live 10 April: Shares near record high ahead of US inflation, Tesco profits up, THG sales dip

Tesco boss Ken Murphy today hailed the supermarket’s strong performance after reporting a 12.8% rise in annual operating profits to £2.8 billion.

The Guardian - UK

US inflation rises to 3.5%, weakening hopes of early interest rate cuts – business live

Rolling coverage of the latest economic and financial news

The Guardian - UK

Tesco cuts ties with food waste processor after row hits progress on environment

Unwanted items the supermarket thought would feed animals were used to generate energy

Evening Standard

Tesco ups profit guidance after strong Christmas

Tesco gets one over on arch rival Sainsbury

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