ACQUISITION OF TESCO LOTUS BY C P GROUP MET AN ANGRY EYE OF PUBLIC

HIGHLIGHTS

• Scholastics and netizens have communicated their dissatisfaction after the Office of Trade Competition Commission (OTCC) endorsed combination Charoen Pokphand's securing of retail monster Tesco Lotus

The commission cast a ballot ...

BRITAIN’S TESCO RETAIL SALES RISE ALONG WITH COSTS

Highlights –

• Britain’s lockdown has surged sales of Tesco retails; sales rose 8.7% in the first quarter.
• There has been a surge in costs and logistics as well.
• Tesco has a 27% share of Britain’s grocery market.
• ...

FOREIGN RETAILERS UNABLE TO SUSTAIN THEMSELVES IN THAILAND

• Amid Local Players muscling into the retail market in Thailand, retailers are faced with no other alternative but to shut shop.
• Japanese Isetan and Britain’s Tesco have made It quite clear about difficulty in doing business in Thailand

The last of the co...

TESCO JOBS AT RISK

HIGHLIGHTS

• 1,816 bakery staff were at risk of job loss
• It needed to adjust to changing client demand, with fewer people buying traditional loaves.
• Bakeries at 257 sites will not be changed, with an additional 201 still offering few products...

Tesco outperformed the FTSE 100 in 2019

Tesco had an excellent year. It is reflected by its share price. The Tesco share price opened around £1.91 on the Christmas eve 2018. It is trading around £2.53, a year later. For those who bought and held their shares over this time, this is an increase of more than 31%.

Te...

Tesco considers the sale of its Asian stores in Thailand and Malaysia

Tesco is Britain’s biggest supermarket chain. The sale of its Asian supermarket stores in Malaysia and Thailand is under consideration.

The consideration came as a part of their review process for Asian business after “following inbound interest”. The report also claim...

Tesco best to invest right now in UK markets

United Kingdom stock market has been the worse it has been in a long time, and this has been due to the combined impact of the slowing global economy of the world, the Brexit situation of the nation, and the United States and China bilateral trade spat that has been affecting the world trade and ...

The confidence of Tesco boss boosts after an increase of 28.8% in pre-tax

Just after the retailer announced that it would put an end to thousands of job in a re-organizational program, the news came that the Chief Executive of Tesco said he is very confident after the announcement of retailers regarding the rise in pre-tax profit by 28.8% for the year. At the supermark...