Tesco

Tesco has donated more than 2M bowls of cereal to hungry children

Tesco provides 2M charity magic breakfasts

By Laurence Gibbons

Tesco donated more than 2M bowls of cereal to the charity Magic Breakfast clubs during the 2014/15 school year, according to the retailer.

Plant bread sales are expected to decline further

Is the decline of packaged bread terminal?

By John Wood

A report questioning whether packaged bread manufacturers in the UK could be facing a terminal decline in sales of their products, has been published by Euromonitor International.

Tague predicts the business will turnover £4.8M by 2018

Sainsbury ceo canvassed to stock Tags crisps

By Nicholas Robinson

Former Seabrook Crisps boss John Tague has sent a letter directly to Sainsbury ceo Mike Coupe to persuade him to stock his Tags brand of crisps, following a £125,000 investment from the BBC’s Dragons’ Den stars.

Tague: 'We aim to be the biggest snack food company by 2025'

Dragons’ Den stars pump £125,000 into Tags crisps

By Nicholas Robinson

Former Seabrook Crisps md John Tague walked away with a £125,000 investment after four of the BBC’s Dragons’ Den stars battled it out to get their hands on a slice of his £760,000 crisp business.

The survey found Tesco to be the worst at following the Groceries Code

Suppliers need training on the Groceries Code

By Nicholas Robinson

Few supermarket suppliers are adequately trained in the Groceries Supply Code of Practice (GSCOP), limiting their ability to use the full force of the law that’s there to protect them against retailer mistreatment, it has been revealed.

The hard discounters continue to grow their market share

Food Manufacture Survey

Here’s what state you think the industry’s in

By Rick Pendrous

Competition from limited assortment discounters (LADs) continues to cause problems for the food and drink manufacturers and their supermarket customers, according to our exclusive annual Food Manufacture survey.

Tesco's sales dropped by 1.7% for the same period last year

Tesco’s haemorrhaging sales slow

By Nicholas Robinson

Tesco boss Dave Lewis has slowed the retailer’s haemorrhaging sales, as his plans to regain customers from the discounters Aldi and Lidl achieved a dip of just 1.3%, its first quarter results show.

Big four retailers will never be the same again

Big four’s market share ‘gone for good’: analyst

By Nicholas Robinson

Tesco, Asda, Sainsbury and Morrisons will never recover the market share they have lost to the discounters Aldi and Lidl, because they remain “too big and too slow” to react effectively, a leading analyst has claimed.

The discounters opened more stores than the Big Four last year

Discounters open more stores than big four

By Nicholas Robinson

The discounters, such as Aldi and Lidl, are opening twice as many stores as the big four, new research from the Local Data Company (LDC) has shown.

B&M will open 60 new stores in the UK, it announced in its financial results

500 new jobs at discounter B&M

By Nicholas Robinson

Northern discounter B&M will create 500 jobs at two new warehouses, it confirmed after reporting 2014 sales of £1.6bn last week.

Aldi's and Lidl's fast growth could be their downfall

Aldi and Lidl on a path to destruction?

By Nicholas Robinson

Discounters Aldi and Lidl could be on a path to destruction, potentially becoming “the person they tried to beat”, if their growth is mismanaged, leading city analysts have warned.

Elements For Life decided not to supply its products to Waitrose

Why small food firms should shun major retailers

By Laurence Gibbons

Small food and drink businesses should shun the big four supermarkets and consider other routes to market that might be more suitable for their product, according to a number of firms.

Bright Blue Foods is launching nine Aunt Bessie's cake lines into Tesco stores

Bright Blue Foods targets £100M in sales

By Rod Addy

Bright Blue Foods is targeting £100M in sales within four years as the cake business gears up for further growth after restructuring and investing £2M in its Shadsworth bakery in Blackburn.

Tesco reported an annual pre-tax loss of £6.38bn

Signs of hope after Tesco’s ‘dismal’ year

By Rod Addy

Tesco has suffered a ‘dismal’, ‘nightmare’ year, “struggling to reassert its dominance”, but is showing signs of hope for the future, according to analysts.

There are signs that Tesco's recovery is damaging some rivals

Tesco stirs again as incomes rise, says expert

By Rod Addy

Tesco is reawakening as incomes rise and volume sales start to rise in the UK grocery market, according to Clive Black, director and head of research at Shore Capital.

Bakkavor job cuts top our food industry headlines

Good week, bad week (Wk 9)

By Laurence Gibbons

Grim news for food manufacturing jobs leads our selection of the top headlines of the past seven days in the latest edition of Good week, bad week.

Tesco remained quiet on reports of up to 10,000 job cuts

Tesco tight lipped on ‘10,000 job cuts plan’

By Michael Stones

Tesco is remaining tight lipped about widespread media reports that Britain’s biggest retailer is planning to cut up to 10,000 jobs in a bid to revive its flagging fortunes.

Tacon may be hampered by the limitations of her office

GCA constrained over Tesco probe

By Rod Addy

Groceries Code Adjudicator (GCA) Christine Tacon’s investigation of Tesco will be limited by a lack of cash and the period of time she can examine, one food industry commentator has warned.

Good week, bad week charts who was up and who was down in the UK food industry over the past seven days

Food industry firms: Good week, bad week (wk 6)

By Michael Stones

That was the food industry week that was – good for some and bad for others. In our sideways look at the past seven days, we chart the firms with something to celebrate and those that may prefer to forget the week.

Food manufacturers remain in the firing line, warned Business Leaders' Forum chair Paul Wilkinson

Business Leaders’ Forum

Supermarket price wars in focus at business forum

By Michael Stones

The impact of the supermarket price war on food and drink manufacturers, politics and the prospect of a food tax all featured in Paul Wilkinson’s summary of 2014 at the Business Leaders’ Forum in central London.

M&S aims at 100% double-bagging of whole chickens

M&S moves to 100% double-bagging of whole chickens

By Paul Gander

With the November test report on campylobacter highlighting levels of contamination on whole chickens in UK retail averaging 70% over six months, at least one retailer said it was on-track to have all its birds wrapped in an ovenable roast-in bag to avoid...

Tesco received some praise for better-than-expected figures

Tesco: analysts' view

Tesco’s leadership gap must be plugged

By Rod Addy

Tesco must plug its leadership gap to aid its turnaround, as the retailer’s suspension of key players in the light of its accounting crisis has weakened it, one analyst has claimed.

Tesco boss Dave Lewis said the retailer was taking 'the first important steps in the right direction'

Tesco reveals sales fall and big cost-cutting plan

By Michael Stones

Tesco has unveiled another fall in like-for-like sales (LFL) and a major cost-cutting programme, including the closure of 43 stores, in financial results covering the 19 weeks to January 3.

Sainsbury reported a 1.7% fall in like-for-like retail sales, excluding petrol

Sainsbury at low ebb, vulnerable to Tesco recovery

By Rod Addy

Sainsbury’s suffering can “only intensify” according to one analyst, as the retailer’s poor third financial quarter (Q3) results highlighted its vulnerability should Tesco begin to recover from a tough 2014.

Tesco faces a second financial probe, this time by the Financial Reporting Council

Tesco finances face new probe

By Michael Stones

Troubled supermarket giant Tesco faces a fresh probe into its accounts by the Financial Reporting Council (FRC).

Tesco has issued another profit warning

Tesco issues yet another profit warning

By Michael Stones

Troubled supermarket giant Tesco has posted another profit warning, declaring that its full-year results will be significantly below expectations. 

Tesco boss Dave Lewis: 'We are reviewing all opportunities to generate value'

Tesco set to review its store ranges

By Rick Pendrous

Tesco looks set to simplify its store offerings, cutting down on the number of stock keeping units (SKUs) it holds, but ensuring their better availability to customers, as it attempts to cut costs and restore profitability. This emerged as Tesco published...

Saunders: If your main customer is Tesco, you are the subject to its fortunes

Tesco's bungle could bash suppliers

By Michael Stones

Tesco’s embarrassing £250M accounting discrepancy, admitted last month, will punish shareholders not suppliers but underlines the dangers of over reliance on any one retailer, said retail analyst Conlumino.

Aldi bosses Roman Heini (left) and Matthew Barnes (right) celebrate a 65% increase in profits

Aldi’s caviar plan to catch wealthy shoppers

By Nicholas Robinson

Aldi will attack the premium end of the food market by targeting wealthy consumers this Christmas, bosses have said, after announcing a 65% increase in its UK profits to £260.9M.

Tesco has put back its interim results statement while it deals with the issue

Tesco admits embarrassing financial error

By Rod Addy

Analysts have been left “flabbergasted” by Tesco’s admission that it may have overstated its expected half-year profit by as much as £250M in an interim statement last month.

Morrisons is working hard to close the price gap between traditional supermarkets and discounters

Supermarkets target fresh food to fight discounters

By Rod Addy

Fresh food is the first battleground as traditional supermarkets such as Tesco and Sainsbury fight against stiff competition from discounters Aldi and Lidl, according to a leading food analyst.

Mash Direct was set up just 10 years ago

Mash Direct adds 40 workers

By Rod Addy

Mash Direct has recruited 37 staff in the past year and aims to dramatically increase turnover and target further business wins following a new ready meal contract with Asda.

Hilton's volumes have grown in western Europe despite weakness in consumer spending

Hilton Food Group invests £21.3M to build capacity

By Rick Pendrous

Tesco meat packer Hilton Food Group is investing significantly in its facilities at Huntingdon to meet increased demand from the retailer, which it announced in its results today (September 9) for 28 weeks to July 13.

Marston's is the brewer behind beer brands such as Hobgoblin

Marston’s enlists Tesco directors as non-execs

By Rod Addy

Former Tesco group brand director Carolyn Bradley and former Tesco group HR director Catherine Glickman are to join the board of brewer and pub business Marston’s as independent non-executive directors.

Asda announced plans to create 12,000 jobs in the UK over five years

Tesco and Sainsbury likely to follow Asda price cuts

By Rod Addy

Tesco and Sainsbury will likely follow Asda’s cost- and price-cutting lead to combat discounters Aldi and Lidl, according to food industry commentator Clive Black, responding to Asda’s latest results.

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