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The Latest Breaking News from Ken Murphy

Tesco says shopper sentiment hit by Iran war but prices not affected

It came as the FTSE 100 firm revealed a weaker-than-expected increase in sales for the past three months.

Evening Standard

Tesco sales growth slows amid ‘uncertainty’ linked to Iran conflict

The retailer revealed that total sales increased by 1% to £16.8 billion over the 13 weeks to May 30, compared with a year earlier.

Evening Standard

Tesco boss gets a £1m pay rise after supermarket sales and profits soar

Cheif Executive Ken Murphy saw his total pay and bonus package rise from £9.8m in 2024-25

The Independent UK

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Tesco boss rings up £10.8 million in bumper pay and bonuses

Ken Murphy saw his total pay and bonus package rise to £10.8 million from £9.8 million in 2024-25.

Evening Standard

Tesco boss’s pay rises by more than £1m to £10.8m after market share surge

Ken Murphy’s pay could rise even higher following scrapping of food waste target and weakness of rivals

The Guardian - UK

Tesco will do ‘whatever it can’ to keep down food prices amid Iran war

Tesco said that profits could dip over the current year as it flagged increased uncertainty linked to the conflict in the Middle East.

Evening Standard

UK could face gaps on supermarket shelves by summer if Iran war continues

Ministers drawing up contingency plans for ‘reasonable worst-case scenario’ if supply of CO2 is disrupted

The Guardian - UK

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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

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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The Guardian - UK

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

International Business Times 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?

The Independent UK

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

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The Guardian - 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

Evening Standard

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

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

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.

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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