Tesco has been fined after pleading guilty to failing to comply with consumer protection laws concerning the display of prices. The supermarket was fined €1,000 for failing to include unit pricing on Clubcard promotional shelf-edge labels. The display of unit prices is required by law in order to allow consumers to more easily compare similar […]
Tesco shares rise as profit guidance reaffirmed. (ASSOCIATED PRESS) Tesco shares have risen after the supermarket reiterated its full-year guidance in Friday’s trading update. The UK’s largest supermarket firm revealed total retail sales grew by 3.4% to £15.3bn ($19.5bn) in the 13 weeks to 25 May, compared with the same period last year. Tesco says […]
Tesco has lost a Court of Appeal bid in England to overturn a ruling that it had copied Lidl’s yellow circle logo. Lidl had accused Tesco of trying to “deliberately to ride on the coattails of Lidl’s reputation” by using a yellow circle to promote its Clubcard scheme. Last year, the German discount supermarket won […]
Barclays has agreed to buy the retail banking business of Tesco Bank, including acquiring its 2,800 staff, the companies have announced. The banking giant expects to pay roughly £600 million for the credit cards, loans, savings and operating systems of the UK’s largest supermarket. The announcement follows a period of speculation that Tesco was considering selling […]