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21.08.25 - 20:06
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WH Smith′s US adventure is now stuck in an accounting hole | Nils Pratley (The Guardian)
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The plunge in the group's share price looks more than justified. And while expansion plans survive, big questions remainWH Smith shares plunge almost 40% after £30m accounting errorThis is how, in retail-land, to shatter your credibility with investors in one short statement: confess to a significant overstatement of profits related to the recognition of payments from suppliers.This stuff is both sensitive – witness the upheaval after an episode at Tesco a decade ago – and basic. While it is normal for retailers to receive payments from suppliers related to the volume of goods sold, or promotional activity, accounting rules are strict. The sums must be booked as they are earned. In a multi-year agreement, payments cannot all be taken upfront. Continue reading......
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21.08.25 - 16:06
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Customers feeling raw after Tesco adds 25p to price of a meal deal (The Guardian)
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The offer still represents a significant saving but rises to £3.85 for Clubcard holders and £4.25 for othersTesco has put the price of its meal deal up by 25p, its third increase since 2022, as food prices across the UK continue to race higher.The meal deal now costs £3.85 for Clubcard holders. Customers who do not have a Tesco loyalty card will pay £4.25. Continue reading......
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19.08.25 - 23:12
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Asda is still misfiring in supermarkets′ non-existent price war | Nils Pratley (The Guardian)
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With sales and market share shrinking, the notion that the chain could imperil Tesco and Sainsbury's always felt fancifulLidl close to overtaking Morrisons as UK's fifth-biggest supermarketFive months ago, the talk in supermarket-land was of price wars. A wounded Asda, with the corporate hero Allan Leighton back at the helm 25 years after leading the last turnaround, was out to restore the chain's “DNA” as the price-setter among the traditional groups.A “pretty significant war chest” would be dedicated to the task, he promised. The group's owners – the private equity firm TDR Capital and the remaining Issa brother from the 2021 leveraged buyout – were prepared to suffer a “material reduction in our profit” in the coming year in order to get the sales line moving again. Even shares in the mighty Tesco shuddered in the face of this apparent sudden shift in competitive conditions. Continue reading......
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17.08.25 - 22:06
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Supermarkets suspend supplies from Lincolnshire pig farm after covert filming of animal abuse (The Guardian)
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Tesco, Asda and Sainsbury's said they had 'immediately' suspended supplies from Somerby Top Farm after piglets kicked by workersThree of the UK's biggest supermarkets have suspended supplies from a Lincolnshire pig farm after footage filmed covertly by an animal rights organisation appeared to show workers kicking piglets and hitting them with boards and paddles.The footage also suggested the injured pigs with open wounds were packed into pens covered in faeces, with some left lame and writhing in pain. Continue reading......
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07.08.25 - 08:24
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Ham sold in UK found to contain carcinogens 10 years after WHO warning (The Guardian)
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Study finds Wiltshire ham products sold by retailers such as Tesco and M&S contain highest level of nitritesHam and bacon sold by supermarkets including Tesco, and Marks and Spencer still contain cancer-causing chemicals almost 10 years after the World Health Organization warned about the dangers of their use in processed meats.Wiltshire ham is the product with the highest concentrations of nitrites, according to analysis that compared it to cooked ham and unsmoked bacon. Continue reading......
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06.08.25 - 07:30
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′The Earl of Sandwich is rolling in his grave′: Tesco′s birthday cake sandwich divides opinion (The Guardian)
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Launch to mark 30 years of Clubcard has 42% of an adult's recommended daily intake of saturated fat and 35% of sugarTesco has launched a birthday cake sandwich, complete with strawberry jam, soft cheese, vanilla frosting and sprinkles – but the candle isn't included.The limited-edition sandwich, between slices of brioche-style white bread, contains 31.g of sugar – 35% of an adult's recommended daily intake – and will be on sale for £3 at 1,000 stores for four weeks. Continue reading......
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31.07.25 - 08:24
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Telness Tech beruft John Browett, Vorsitzender der Octopus Group, in den Vorstand (Business Wire)
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STOCKHOLM--(BUSINESS WIRE)--Telness Tech, das schnell wachsende Technologieunternehmen, das die Telekommunikation für moderne Mobilfunkbetreiber neu erfindet, gab heute die Berufung von John Browett in seinen Vorstand bekannt. Browett bringt jahrzehntelange Führungs- und Managementerfahrung aus einigen der weltweit renommiertesten Unternehmen mit, darunter die Octopus Group, Apple und Tesco.
Browett ist derzeit Vorsitzender der Octopus Group, dem Unternehmen, das Octopus Energy gegründet hat, dessen Plattform Kraken Technologies neu definiert hat, wie Technologie traditionelle Branchen verändern kann. Darüber hinaus hatte er Führungspositionen bei Apple und Tesco inne, wo er zum weltweiten Wachstum dieser Unternehmen beitrug und Pionierarbeit im Bereich des groß angelegten E-Commerce in einem der wettbewerbsintensivsten Einzelhandelsumfelder Europas leistete.
„Telness Tech tut für die Telekommunikation das, was Kraken für den Energiesektor getan hat – es schreibt die Regeln neu“, sagt John ...
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