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The Latest Breaking News from Ken Murphy

Tesco profits halve as customers cut costs

The Cost of Living crisis has hit mighty Tesco as profits halve from £2bn to £1bn for the year.

Evening Standard

FTSE 100 Live: ‘Recession could be back on the table’; shares close up 0.3% on US inflation good news

Superdry and Dr Martens today revealed trading setbacks in a session when the FTSE 100 index has maintained recent progress.

Evening Standard

Tesco boss in ‘parallel universe’ over price rises, says farmers’ union

John Allan said producers may be using inflation as excuse to raise prices further than necessary

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Recession fears fall as M&S and Tesco boom over Christmas

FRESH hope that the UK could narrowly avoid a recession arrived today in the form of bumper Christmas trading figures from both Tesco and Marks & Spencer.

Evening Standard

Tesco cheers bumper Christmas sales as customers face budget squeeze

The UK’s largest supermarket group revealed that group like-for-like sales, excluding fuel, grew by 7.9% over the six weeks to January 7.

The Independent UK

Tesco workers claim they received tubs of Quality Street 'instead of Christmas bonus'

Workers accused the supermarket of 'penny-pinching' - after Tesco's top boss Ken Murphy received a £4.74million pay packet last year

Chronicle Live

No Christmas bonus for Tesco staff – but some get box of Quality Street

Workers say they missed out on cash or vouchers again, though supermarket says staff got doubled discount on certain days

The Guardian - UK

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Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

Tesco announces important Clubcard changes to offer more Christmas savings

The supermarket giants CEO has recently called for cost of living help to be "more targeted" in order to benefit the most vulnerable members of society in the UK.

Edinburgh Live

Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

Tesco announces Clubcard changes to offer more savings

Supermarket’s CEO recently called for cost of living help to be ‘more targeted’ to protect vulnerable

The Independent UK

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news in one place.

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Manchester Evening News

Tesco boss sends message to government over cost of living support

Ken Murphy has noticed a difference in shoppers at Tesco stores since energy bill support was handed out

Liverpool Echo

Tesco makes change to everyone's weekly shop amid cost of living crisis

Tesco's boss has made a promise to shoppers

Wales Online

Tesco boss says people are watching every penny when they shop

The supermarket giant has given its workers another pay rise to help them cope with rising living costs

The Guardian - UK

Twitter’s board deserves credit for Elon Musk’s U-turn

By sticking to its guns the firm has defended the excellent principle that bidders should do what they’ve agreed to do

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The Guardian - UK

White House ‘disappointed’ as Opec+ cuts production by 2m barrels per day – business live

Oil cartel and allies including Russia make biggest cut in output since the start of the pandemic, despite pressure from the White House

Evening Standard

Tesco aims to halve food waste by 2025

Supermarket executive pay will be aligned to ‘key sustainability measures’

The Guardian - UK

Outgoing boss of discount retailer B&M handed £5m payout

Simon Arora’s pay package beats Tesco CEO’s remuneration despite flatlining profits and falling sales

Evening Standard

Worst is yet to come for food price rises, warns ex-Sainsbury’s boss

The former CEO of Sainsbury’s has said “the worst is yet to come” for food prices amid fears that “double digit” inflation could last longer than a year.

Evening Standard

Now supermarket boss must prove he’s worth £4.7m

Boardroom pay questionable at a time when customers and staff are feeling the pinch

Evening Standard

Shoppers face “unprecedented” cost of living pressures, warns Tesco

Tesco said customers are facing “unprecedented” inflation pressures and are trading down to cheaper items as it pledged to do everything it could to support those struggling most.

Wales Online

Tesco says customers are reducing their spending in cost of living crisis

"We are seeing some early indications of changing customer behaviour"

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