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The Latest Breaking News from Ken Murphy

Supermarket price war heats up in relief for squeezed consumers

Tesco has signalled that a price war is mounting within the sector.

The Independent UK

Supermarket price war heats up as Tesco hints at more price cuts

Tesco has indicated a growing price war among UK supermarkets, with its chief executive, Ken Murphy, noting an "intensification" of competition and targeting up to £500 million in cost reductions.

The Independent UK

Supermarket price war heats up as Tesco cites ‘very competitive market’

Chief executive Ken Murphy also refused to rule out fresh job cuts as the supermarket targets a further £500 million in savings this year.

Evening Standard

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Tesco enjoys ‘biggest ever Christmas’ as shoppers switch from rivals

Supermarket now controls 28.5% of grocery market, with sales at UK stores up 4% in six weeks to 4 January

The Guardian - UK

Tesco is unbeatable when it concentrates on the day job

Having exited most of its overseas adventures the retailer is an advertisement for the virtues of sticking to the knitting

The Guardian - UK

Tesco boss says new workers’ rights laws must not hurt growth

Bill is likely to include measures such as ending ‘exploitative’ zero-hours contracts and changes to sick pay

The Guardian - UK

Tesco could use AI to encourage Clubcard shoppers to make healthier choices

The Clubcard could ‘nudge’ Tesco shoppers into making healthier choices

The Independent UK

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FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid

Tesco shareholders are today having their say on the £9.9 million pay package awarded to boss Ken Murphy.

Evening Standard

French bonds and stocks rocked by political turmoil – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Tesco CEO’s near £10m pay a ‘slap in the face’ for struggling workers, union says

Package for Ken Murphy more than double previous year’s, with more than half relating to long-term bonus

The Guardian - UK

Tesco profits rocket as food inflation eases

Grocer says it is grabbing market share from rivals

Evening Standard

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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Evening Standard

Tesco ups profit guidance after strong Christmas

Tesco gets one over on arch rival Sainsbury

The National (Scotland)

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.

Evening Standard

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%

Fortune

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.

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The Independent UK

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.

Evening Standard

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

The Independent UK

Tesco workers offered body cameras as violent attacks against employees soar

Tesco boss has called for change in law

The Guardian - 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

Evening Standard

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

Daily Mirror

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

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