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The Latest Breaking News from Ken Murphy

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.

Evening Standard

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

The Guardian - UK

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Tesco ups profit guidance after strong Christmas

Tesco gets one over on arch rival Sainsbury

Evening Standard

Protesters occupy Tesco Bank offices in Glasgow with 'Christmas party'

ACTIVISTS with This is Rigged have thrown a “Christmas party” in the foyer of the Tesco Bank offices in Glasgow.

The National (Scotland)

Tesco CEO aims to keep lowering prices as profits climb and food inflation falls

First half like for like sales at Tesco have improved 8.4%

Evening Standard

Tesco staff offered body cameras as abuse by customers climbs

"I want those who break the law in our stores brought to book," Tesco CEO Ken Murphy says.

Fortune

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Police must have ‘zero tolerance’ policy to shoplifting

Policing minister Chris Philp said theft from shops should not be tolerated at any level

The Independent UK

Police ‘must investigate’ shoplifting crimes for goods worth less than £200

Policing minister Chris Philp said theft from shops should not be tolerated at any level.

The Independent UK

Tesco boss calls for change in law after rise in abuse of staff

The supermarket chain has offered body-worn cameras to workers who need them as physical assaults increase

Evening Standard

Tesco workers offered body cameras as violent attacks against employees soar

Tesco boss has called for change in law

The Independent UK

Weaker competition blamed for higher petrol and diesel prices; MPs blast ‘measly’ savings rates – as it happened

Government pledges to expose ‘rip-off’ fuel retailers, after inquiry finds declining competition between retailers led to higher prices at the pumps

The Guardian - UK

Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Tesco boss Ken Murphy said last week there were ‘early signs’ that rampant food price inflation is starting to ease

Evening Standard

Tesco boss has some bad news for shoppers hoping for cheaper food prices

Ken Murphy admits it's hard to predict how much prices will fall for hard-pressed consumers as inflation eases

Daily Mirror

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The National (Scotland)

Tesco boss sees 'encouraging' signs that inflation is easing

THERE are “encouraging early signs that inflation is starting to ease” after shoppers faced soaring food prices, according to the Tesco chief.

Manchester Evening News

Tesco boss issues positive message after shoppers faced soaring food prices

Ken Murphy said there are "encouraging early signs that inflation is starting to ease"

The Guardian - UK

Tesco boss: food inflation has probably peaked but prices will stay high

Ken Murphy says higher costs of grocery imports because of Brexit are partly to blame for rising prices

The Independent UK

Tesco boss says early signs food prices starting to ease

Food prices are at the second highest rate in 45 years

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Evening Standard

Tesco boss offers cautious hope that inflation is easing, as supermarket expects profits of up to £1.8 billion

But he added that bringing down prices was “not all straightforward”

Daily Mirror

Supermarket bosses paid up to 229 TIMES more than workers - see how they compare

Staff at some major UK supermarket chains have received a few pay rises over the last year but how does that compare to the big bosses paychecks?

Evening Standard

Why Tesco should come clean on its CEO’s tax affairs

Comment: CEOs could compete on who pays the most tax

The Independent UK

Tesco boss: Reboot apprenticeships to kickstart economy

Exclusive: Supermarket CEO says ministers must end scandal of public funds meant for young workers being spent on City high-flyers

The Guardian - UK

Tesco boss earned almost £4.5m in 2022 despite profits halving

As shoppers faced price rises, Ken Murphy’s basic salary rose, although his overall pay package fell

The National (Scotland)

Tesco boss is paid 197 TIMES more than the average staff member, says report

THE boss of Tesco received a £4.4 million pay packet for the past year, it has been revealed, as shoppers continue to face record rises in food…

Evening Standard

Tesco boss takes home £4.4 million — pays tax in Ireland

TESCO boss Ken Murphy took home pay of £4.44 million this year, an amount likely to cause anger amidst a cost-of-living crisis and with food inflation running at more than 15%.

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