Tesco: CEO takes home bumper pay packet after profit jump Retail The CEO of Tesco took home more than £9m as sales and profit at the supermarket giant beat expectations. Ken Murphy received a pay packet of £9.23m for the company’s latest financial year, down from the £10.24m he took home in the prior 12 months. According to Tesco’s annual report, the CEO’s remuneration was made [...]
Retail in 2025: The year of personalisation, AI, wellness – and no more barcodes Retail 2024 has been a tough year for retail. From companies sounding the alarm on business rates in the first half of the year to low consumer confidence and footfall proving stickier than expected, the festive period has now been overshadowed by stark warnings about further cost rises next year. Restructuring partner at RSM UK, Gordon [...]
Tesco ups guidance after first-half performance ‘exceeds expectations’ Retail Supermarket giant Tesco has upped its profit guidance following another strong period of trading for the UK’s biggest grocer. Tesco increased its retail adjusted operating profit guidance to £2.9bn, from £2.8bn, after it “delivered volume growth ahead of expectations”. Continuing sales at the grocer grew 3.5 per cent in the 26 weeks ended 24 August [...]