Tesco retreats from Europe with £1.5bn sale of Czech and Slovak divisions Retail Tesco has agreed to sell its businesses in the Czech Republic and Slovakia to a Dutch supermarket giant in a billion-pound deal. The UK’s largest grocer said today it would sell its operations in the two European countries to Ahold Delhaize in a deal worth €1.7bn (£1.5bn), in what marks the company’s latest retreat from [...]
Top court rejects Tesco appeal in ‘equal pay’ case Legal The Supreme Court has blocked Tesco from appealing a key ruling in a long-running equal pay claim brought by more than 16,000 shop workers. Tesco is one of several UK supermarkets caught in a legal battle over allegations that it underpays its store workers, mainly women, compared with distribution centre workers, who are mostly men. [...]
Supermarkets blindsided by ‘shambolic’ stockpiling warning Retail Supermarkets have been caught off guard by the government’s “shambolic” campaign to urge Brits to stock up on supplies of food and water, industry sources told City AM. Retailers were not told the details of the government’s “Be Ready” campaign until days before it was announced and expected it to be a more “low key” [...]
Mark Kleinman: Every Lidl helps a new era of supermarket mergers October 15, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Every Lidl helps a new era of supermarket mergers Every Lidl helps. For that matter, every Aldi does too. With apologies to the creators of Tesco’s famous advertising slogan, that might be the neatest way to encapsulate [...]
Retailers back on alert after new wave of cyber attacks October 15, 2026 When Asos customers were sent a cryptically-worded push notification on Tuesday last week, some shoppers thought they were being hawked the fast fashion retailer’s new Christmas collection. One thought the alert was “some crappy marketing scheme to get me to check the app and to view their snowflake collection,” they wrote on X. The notification [...]
Lidl snaps up market share as rival Aldi stalls October 13, 2026 Lidl is the fastest-growing grocer in the UK, new figures suggest, as the discount supermarket grabs more market share while its rivals stall. The German discounter held 8.6 per cent of the UK’s grocer market in the 12 weeks to October, according to Worldpanel by Numerator, up from 8.2 per cent a year ago. This [...]
Retailers press Healey to cut high street taxes at crunch Downing St meeting October 13, 2026 Retailers urged John Healey to “reverse the damage” of rising high street taxes as the Chancellor met industry bosses on Tuesday. Top retailers including Tesco, Sainsbury’s and Marks & Spencer pressed Healey on business rates and youth unemployment but the Chancellor stopped short of confirming any Budget measures. Healey hosted high street bosses at Number [...]
Tesco urges Healey to slash ‘fundamentally unfair’ business rates October 8, 2026 The boss of Tesco has urged John Healey to reform the “fundamentally unfair” business rates system and avoid a so-called warehouse tax. Ken Murphy, chief executive of the UK’s biggest grocer, has become the latest retail industry figure to urge the Chancellor to cut taxes on high street businesses, as Andy Burnham pledges a revival [...]
Tesco lifts profit outlook as consumer confidence ‘resilient’ October 8, 2026 Tesco has lifted its profit outlook after seeing a boost in online sales, as the UK’s largest supermarket said consumer confidence is proving “resilient” despite an “uncertain external backdrop”. The FTSE 100 grocer improved its lower-end operating profit target from £3bn to £3.15bn for the full year, leaving its top-end forecast at £3.3bn. Industry figures [...]
Could an exit from Europe bolster Tesco’s UK dominance? October 6, 2026 Like a student nearing the end of their gap year, Tesco has careened across Europe, Asia, even the United States, and is now preparing to return home and settle down. The supermarket chain, the UK’s largest, is weighing up whether to offload its operations in Hungary, the Czech Republic and Slovakia, with grocery rival Lidl [...]