Articles on Tesco

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The supermarket’s in a trolley load of trouble. Andrew Milligan/PA Wire

What is going on at Tesco?

The supermarket giant has posted a record loss. But this could be the start of something new.
Not seeming to get much right at the moment. Chris Radburn/PA Wire

Profits are slashed but Tesco manages at least one thing well

The decline in Tesco’s fortunes in recent weeks has been staggering. Falling sales and an accounting scandal have caused a slump in profits and the supermarket’s share price. Pre-tax profits fell 92% to…
Corporate bicycles allowed. EPA/Faccundo Arrizabalaga

What corporate jets can tell us about a company’s fortunes

The news that Tesco took delivery of a £31m executive jet, bringing its fleet of such aircraft to five, brought fresh embarrassment to the troubled supermarket. Ordered in early 2013 under the aegis of…
Root and Branch review in the offing at Tesco? Facundo Arrizabalaga/EPA

New Tesco CEO might enjoy the benefits of a dramatic debut

“Never let a good crisis go to waste.” The well-known words of Winston Churchill are probably on the mind of Dave Lewis, the new CEO of Tesco. The company faced what many deemed to be the worst crisis…
In the balance. Tesco’s woes draw in its auditors as the shares plunge. Andy Rain/EPA

Trolley load of trouble in store for Tesco and its bean counters

The news that Tesco overstated its half-year profit guidance by £250m has sent the company’s share price tumbling – and poses serious questions about its auditing and corporate governance. The company…
Leaving a sour taste. Tesco struggles to find a value proposition. StefZ

A wicked blueprint for tackling Tesco’s woes

Imagine taking over the reins of a firm which only a few years ago was regarded as one of the best run companies in the UK, but now routinely posted declining market share, moribund profits, and mounting…
Tesco is no longer content with just knowing what’s in your basket. SFB579

Why too much privacy is bad for the economy

Tesco, a British grocer with global status, has this week teamed up with Alan Sugar’s Amscreen to take personalised advertising to the next level. By means of Amscreen’s proprietary facial recognition…
Coles is believed to have applied for an Authorised Deposit-taking Institution licence, which would allow it to take deposits. AAP

Mortgage price check in aisle four as Coles banks on future

The news that Coles may be seeking a banking licence would, if confirmed, put the supermarket group and its parent company Wesfarmers in direct competition with Australia’s major banks. It would allow…
Unexpected item in bagging area. Tesco is striking out into tablets. ell brown

Will consumers say BOGOF to the Tesco tablet?

When Steve Jobs introduced the iPad in 2010, he argued that unless the device was better at doing everyday tasks than smartphones or netbooks, it wouldn’t deserve to exist. Consumers and corporates embraced…

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