Tesco: Supermarket giant’s profit beats City expectations but ‘trolley wars’ hit outlook April 10, 2025 Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market, but it warned that high competition will affect profit next year. Tesco shares slumped more than seven per cent in early deals. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose [...]
Tesco to reveal stronger sales amid price war fears April 6, 2025 Tesco shareholders will be hoping for reassurance over continued sales growth and robust profits next week amid the prospect of an intensifying grocery price war. Earlier this year, shares in the UK’s largest supermarket group struck their highest level for over a decade as it continued to strengthen its position in the grocery sector. In [...]
Co-op profit jumps six-fold ahead of supermarket ‘trolley wars’ April 3, 2025 The Co-op has reported a huge jump in profit for 2024 ahead of potential ‘trolley wars’ in the grocery sector. Group revenue was broadly stable year on year, ticking up by 0.2 per cent to £11.3bn, while underlying profit rose by 35 per cent to £131m. Operating profit more than doubled, from £66m to £151m, [...]
Morrisons to cut hundreds of jobs and close cafes in huge shake-up March 24, 2025 Supermarket giant Morrisons has put 365 jobs at risk after it revealed plans to close more than 50 of its cafes. The Yorkshire-headquartered chain said 52 of its cafes, 17 convenience stores and dozens of meat and fish counters at its shops are slated for closure. Morrisons said the closures are part of a “wide-ranging” [...]
Asda: ‘It’s going to take time to rebuild’ says new boss March 14, 2025 UK supermarket giant Asda has dominated headlines for the last year for a host of different reasons: turmoil at the top, declining market share and issues with a significant IT upgrade. The grocer’s market share fell 5.8 per cent between December 2023 and 2024, while the market share of all other major UK supermarkets grew. [...]
Asda: ‘We know what we need to do’ after sales disappoint again March 14, 2025 Sales and revenue at Asda dropped last year, as expected, but the supermarket said it has begun to deliver on its turnaround plan. Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn. The TDR-owned supermarket struggled last year with a declining market share [...]
The Co-op admits blocking rivals from opening competing stores March 5, 2025 The Co-op has become the latest major UK supermarket to fall foul of a targeted campaign by the Competition and Markets Authority (CMA) to stop the use of ‘unlawful land agreements’ in grocery retailing. The group has admitted to 107 breaches of an order to stop supermarkets imposing restrictions that block rivals from opening competing [...]
Aldi to cut up to 350 jobs at UK headquarters February 27, 2025 Discount grocer Aldi is set to cut up to 350 roles at its UK headquarters in Atherstone, near Birmingham, as cost pressures bite. The changes will affect some buying department positions, including non-food, finance and some back-office functions, according to reports. Aldi joins Tesco, Morrisons and Sainsbury’s in cutting jobs in the wake of October’s [...]
‘Doing a day’s work seen as stressful’ by youth, Liz Kendall says February 7, 2025 The UK must avoid a situation where “doing a day’s work is in itself seen as stressful” by young people, Liz Kendall has warned. The work and pensions secretary has told ITV: “There is genuinely a problem with many young people, particularly the Covid generation, but we can’t have a situation where doing a day’s [...]
Aldi to create 1,600 new jobs and expand as supermarket rivals cut February 4, 2025 Discount grocer Aldi is set to create 1,600 new roles this year as it expands its store presence in the UK, while its rivals slash jobs. The announcement stands in marked contrast to news of 3,000 jobs cuts at Sainsbury’s, and small reductions in staff numbers at Tesco’s and Morrisons. All three supermarkets have attributed [...]