Tesco http://www.globalpost.com/taxonomy/term/24295/all en UPDATE 1-Sainsbury led top UK grocers in Christmas sales growth http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* UK grocery market grew 3.2 pct in 12 weeks to Dec. 23<br /> * Sainsbury market share up 0.1 pct pt, Tesco down 0.1<br /> * Strongest growth at discount and premium end - Kantar<br /> * UK retail sales up 0.3 pct in December - BRC<br /> * 2013 to be difficult for retailers - BRC</p> <p> By James Davey<br /> LONDON, Jan 8 (Reuters) - J Sainsbury, Britain's<br /> No.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth" target="_blank">read more</a></p> Aldi Asda Business Economy of the United Kingdom Employment Relation Food industry Grocery store Lidl Morrisons Person Career Quotation Sainsbury's Social Issues Technology Tesco United Kingdom Waitrose Walmart Thomson Reuters Tue, 08 Jan 2013 14:15:04 +0000 Thomson Reuters 5731597 at http://www.globalpost.com Tesco names new UK leader as Xmas sales rise http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-names-new-uk-leader-xmas-sales-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 10 (Reuters) - Tesco, the world's third largest retailer, named a new British leader as it showed signs of a revival in its home market with a rise in underlying Christmas sales.</p> <p>Tesco said on Thursday it had appointed Chris Bush as managing director of the British business, which contributes about two thirds of group trading profit.</p> <p>Bush is currently chief operating officer in Britain.</p> <p>Group CEO Philip Clarke had taken direct control of the British business in March after Richard Brasher departed.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-names-new-uk-leader-xmas-sales-rise" target="_blank">read more</a></p> British brands Entertainment Tesco Tesco Thomson Reuters Thu, 10 Jan 2013 08:15:03 +0000 Thomson Reuters 5732505 at http://www.globalpost.com Tesco leads Britain's FTSE up as sales beat expectations http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-leads-britains-ftse-sales-beat-expectations <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 10 (Reuters) - Britain's blue chip shares gained in early deals on Thursday, with Tesco leading the gainers after Christmas sales beat forecasts, and miners were supported by good data out of China.</p> <p>At 0807 GMT, the FTSE 100 index was up 8.33 points, or 0.1 percent, at 6,106.98, after hitting its highest level since May 2008 in yesterday's session.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-leads-britains-ftse-sales-beat-expectations" target="_blank">read more</a></p> Entertainment Tesco Thomson Reuters Thu, 10 Jan 2013 08:30:46 +0000 Thomson Reuters 5732515 at http://www.globalpost.com UK shares edge up with focus on mixed retailers http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-shares-edge-focus-mixed-retailers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index up 0.1 percent * Tesco among top gainers after good sales growth * M&amp;S, Sainsbury fall after tough Christmas * Gains on China data capped by resistance By Alistair Smout LONDON, Jan 10 (Reuters) - UK shares edged up on Thursday as strength in Tesco, which beat sales expectations over the Christmas period, outweighed weakness in its competitors. At 0807 GMT, the FTSE 100 was up 6.79 points, or 0.1 percent, at 6,105.44, struggling to sustain a break through strong resistance a day after hitting its highest level since May 2008.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-shares-edge-focus-mixed-retailers" target="_blank">read more</a></p> Economy of the United Kingdom Tesco United Kingdom Thomson Reuters Thu, 10 Jan 2013 09:45:16 +0000 Thomson Reuters 5732530 at http://www.globalpost.com China data supports European shares http://www.globalpost.com/dispatch/news/thomson-reuters/130110/china-data-supports-european-shares <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 up 0.1 percent * Miners supported by strong China trade data * Tesco shares trump M&amp;S after trading updates By Tricia Wright LONDON, Jan 10 (Reuters) - European shares were a touch higher on Thursday after more evidence of improving economic conditions in China, though uncertainty ahead of a European Central Bank policy decision later in the session limited gains. The FTSEurofirst 300 was up 0.1 percent at 1,169.06 by 0958 GMT, after gaining 0.7 percent on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/china-data-supports-european-shares" target="_blank">read more</a></p> British brands Entertainment Tesco Thomson Reuters Thu, 10 Jan 2013 10:45:18 +0000 Thomson Reuters 5732545 at http://www.globalpost.com European shares supported by Spain auction, China data http://www.globalpost.com/dispatch/news/thomson-reuters/130110/european-shares-supported-spain-auction-china-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 flat</p> <p>* Strong Spanish bond auction helps sentiment</p> <p>* Tesco shares trump M&amp;S after trading updates</p> <p>By Tricia Wright</p> <p>LONDON, Jan 10 (Reuters) - A leading European share index traded flat on Thursday, holding near two-year highs, after Spain saw good demand at an auction of government debt and following further evidence of improving economic conditions in China.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/european-shares-supported-spain-auction-china-data" target="_blank">read more</a></p> Bank of America Business Entertainment Tesco Thomson Reuters Thu, 10 Jan 2013 14:30:21 +0000 Thomson Reuters 5732583 at http://www.globalpost.com Tesco gains help keep Britain's FTSE higher http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-gains-help-keep-britains-ftse-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index gains 0.1 percent</p> <p>* Tesco top points gainer after good sales growth</p> <p>* Conversely, M&amp;S weak after tough Christmas</p> <p>* Miners gain on China trade data</p> <p>By Jon Hopkins</p> <p>LONDON, Jan 10 (Reuters) - Britain's top share index held firm on Thursday lifted by strength in retail giant Tesco, which beat sales expectations over the Christmas period, outweighing falls by its competitors.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-gains-help-keep-britains-ftse-higher" target="_blank">read more</a></p> Economy of the United Kingdom FTSE 100 Index Tesco Thomson Reuters Thu, 10 Jan 2013 14:30:47 +0000 Thomson Reuters 5732588 at http://www.globalpost.com WRAPUP 1 -UK retailers fight for scraps over tough Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130110/wrapup-1-uk-retailers-fight-scraps-over-tough-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Kate Holton and James Davey</p> <p>LONDON, Jan 10 (Reuters) - Department stores chain John Lewis and deep discounter Aldi emerged as winners on Thursday after British retailers fought it out for every pound in a tough Christmas.</p> <p>Elsewhere Tesco showed signs of life, John Lewis and Next proved as reliable as ever, but Marks &amp; Spencer was left looking embarrassed when its poor results were leaked a day early.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/wrapup-1-uk-retailers-fight-scraps-over-tough-christmas" target="_blank">read more</a></p> Business Economy of the United Kingdom Human Interest Sports Technology Tesco United Kingdom Thomson Reuters Thu, 10 Jan 2013 15:00:25 +0000 Thomson Reuters 5732641 at http://www.globalpost.com UPDATE 3-Tesco says back on form with Christmas sales rise http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-tesco-says-back-form-christmas-sales-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Names Chris Bush UK managing director</p> <p>* UK sales ex fuel and VAT up 1.8 pct in 6 wks to Jan 5</p> <p>* CEO says UK "back on form"</p> <p>* Sainsbury says Tesco "a bit disingenuous"</p> <p>* Shares up more than 2 pct, hit highest in a year (Adds detail, CEO, analyst, shareholder, Sainsbury comment, updates shares)</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-tesco-says-back-form-christmas-sales-rise" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment Human Interest Tesco Tesco Plc United Kingdom Thomson Reuters Thu, 10 Jan 2013 08:30:20 +0000 Thomson Reuters 5732507 at http://www.globalpost.com FACTBOX-How UK retailers fared over Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130116/factbox-how-uk-retailers-fared-over-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds French Connection, N Brown and Thorntons) LONDON, Jan 16 (Reuters) - With British shoppers fretting over job security and a squeeze on incomes, retailers found the going tough in 2012. Following is a summary of how they fared in the Christmas trading period: RETAILER/RIC/PERFORMANCE SECTOR Burberry Sales up 9 pct in 3 months to Dec. 31. Luxury goods Co-operative Group Food Like-for-like sales, inc VAT, ex fuel, up 2.2 pct in 3 weeks to Jan. 5.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/factbox-how-uk-retailers-fared-over-christmas" target="_blank">read more</a></p> British brands Social Issues Tesco Value added tax Thomson Reuters Wed, 16 Jan 2013 19:29:43 +0000 Thomson Reuters 5735200 at http://www.globalpost.com UPDATE 1-Recovering Tesco puts pressure on rivals - Kantar http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-recovering-tesco-puts-pressure-rivals-kantar <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Tesco sales up 3.3 pct in 12 weeks to Jan 20 * Tesco market share maintained at 30.4 pct * Kantar says Tesco putting rivals under pressure LONDON, Jan 29 (Reuters) - Tesco, Britain's biggest grocer, has maintained its market share and matched the market's growth for the first time since June 2011, according to industry data on Tuesday. Market researcher Kantar Worldpanel said Tesco's sales increased 3.3 percent in the 12 weeks to Jan. 20, giving it a market share of 30.4 percent and putting its rivals under pressure.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-recovering-tesco-puts-pressure-rivals-kantar" target="_blank">read more</a></p> Business Economy of the United Kingdom Social Issues Tesco Tesco United Kingdom Thomson Reuters Tue, 29 Jan 2013 13:02:03 +0000 Thomson Reuters 5740974 at http://www.globalpost.com UPDATE 1-Tesco drops Irish beef baron's firm over horsemeat row http://www.globalpost.com/dispatch/news/thomson-reuters/130130/update-1-tesco-drops-irish-beef-barons-firm-over-horsemeat-row <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Tesco drops supplier of burgers containing horsemeat</p> <p>* Says to use DNA testing to avoid repeat of scandal</p> <p>* Move a blow to Ireland's $2.6 bln beef industry</p> <p>By James Davey and Stephen Mangan</p> <p>LONDON/DUBLIN, Jan 30 (Reuters) - Tesco fired a supplier controlled by Ireland's most powerful beef baron on Wednesday for selling it burgers containing horsemeat and promised to use DNA testing equipment to check the content of products on its shelves.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/update-1-tesco-drops-irish-beef-barons-firm-over-horsemeat-row" target="_blank">read more</a></p> Food and drink Meat Tesco Tesco Ireland Thomson Reuters Wed, 30 Jan 2013 17:02:39 +0000 Thomson Reuters 5741589 at http://www.globalpost.com Tesco vows more openness on supplies after horsemeat scandal http://www.globalpost.com/dispatch/news/thomson-reuters/130215/tesco-vows-more-openness-supplies-after-horsemeat-scandal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* UK's No. 1 retailer promises "world class" food testing</p> <p>* Plans set out in blog from CEO Clarke</p> <p>* Company will build new website to highlight testing</p> <p>By James Davey</p> <p>LONDON, Feb 15 (Reuters) - Tesco, Britain's biggest supermarket chain, has responded to the scandal of horsemeat being sold as beef with a pledge to offer customers insight into its global supply chain.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/tesco-vows-more-openness-supplies-after-horsemeat-scandal" target="_blank">read more</a></p> Food and drink Meat Technology Tesco Thomson Reuters Fri, 15 Feb 2013 18:15:24 +0000 Thomson Reuters 5756945 at http://www.globalpost.com Tesco says to close depot, relocate workers http://www.globalpost.com/dispatch/news/thomson-reuters/130225/tesco-says-close-depot-relocate-workers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 25 (Reuters) - Tesco, Britain's biggest retailer, plans to close a distribution centre near London where 800 people are employed.</p> <p>The firm said the depot in Harlow, northeast of the capital, was one of its distribution centres being closed following a strategic review.</p> <p>It said employees would be offered jobs at other Tesco sites or at two new distribution centres in the south of England where it would created 2,000 jobs.</p> Business Economy of the United Kingdom Labor Law Tesco Tesco Thomson Reuters Mon, 25 Feb 2013 18:45:42 +0000 Thomson Reuters 5766257 at http://www.globalpost.com Britain's Tesco, competition watchdog settle price-fixing probe http://www.globalpost.com/dispatch/news/thomson-reuters/130226/britains-tesco-competition-watchdog-settle-price-fixing-probe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 26 (Reuters) - Tesco Plc, Britain's biggest retailer, will pay a reduced 6.5 million pound penalty to the UK's competition watchdog, after the parties reached a settlement on a price-fixing probe.</p> <p>The Office of Fair Trading (OFT) in 2011 had concluded that Tesco participated in fixing the retail price of cheese in 2002 and 2003, and it originally fined the company 10.4 million pounds ($15.7 million).</p> <p>Tesco had appealed the decision at the Competition Appeal Tribunal.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/britains-tesco-competition-watchdog-settle-price-fixing-probe" target="_blank">read more</a></p> Anti-competitive behaviour Law Office of Fair Trading Technology Tesco Tesco Plc Thomson Reuters Tue, 26 Feb 2013 19:45:36 +0000 Thomson Reuters 5767656 at http://www.globalpost.com