Tesco’s suppliers face resistance to price increases and higher demand for new product development at no further cost, after the supermarket revealed it was cutting a reported 1,200 head office jobs.
Morrisons boss David Potts has boosted the ailing retailer’s sales and market share for the first time since December 2011, after heading the business for just four months.
Morrisons has been forced to launch an investigation after a family reportedly found a sharp piece of plastic in a packet of the retailer’s minced beef.
Morrisons’ former treasurer and head of tax, Paul Coyle, has been charged with two offences of insider dealing by the Financial Conduct Authority (FCA).
Discount retailers Aldi and Lidl are continuing to win sales and have seen their market share hit new records, at the expense of Tesco and Morrisons, according to the latest grocery share figures from Kantar Worldpanel.
Morrisons has denied claims it will suffer from Netto’s re-entry onto the British supermarket scene, despite analyst claims it could prove vulnerable to a renewed round of price cutting.
