TescoGate: Vince Cable voices concern over retailer's supplier relations
Business secretary Vince Cable has written to the Groceries Code Adjudicator over concerns about Tesco's relationships with its suppliers.
Read more...Business secretary Vince Cable has written to the Groceries Code Adjudicator over concerns about Tesco's relationships with its suppliers.
Read more...World leading wine consultant, Michel Rollland, and Tesco's Laura Jewell MW are the two latest big names to sign up to the Wine Vision event taking place in London later this month.
Read more...In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
Read more...The Serious Fraud Office has launched a criminal investigation into Tesco's accounting irregularities after the retailer confimed it had mis-stated profits by £263 million.
Read more...Tesco has listed a Help for Heroes beer, created by injured veterans with the help of brewer and pub operator Marstons, to help raise funds for wounded servicemen.
Read more...A leading retail expert has said Britain's Big Four need to ditch larger stores and "cosy up" to discounters by locating convenience outlets next door.
Read more...Professor Heiner Evanschitzky of Aston Business School asks whether the supermarkets handle Britain's changing shopping habits.
Read more...In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
Read more...Moody's Credit Agency further downgraded Tesco short and long-term credit in response to company's announcement yesterday that it had overstated profits by £263m. Tesco's ratings will remain on review for further downgrades due to concerns over the potential financial impact for shareholder litigation.
Read more...A leading wine trade lawyer has called on suppliers who feel they have been badly treated by Tesco or any other supermarket, to complain to the Groceries Supply Code adjudicator.
Read more...Suppliers who feel aggrieved at their treatment at the hands of any major retailer can take action now by complaining to the Groceries Supply Code of Practice adjudicator, writes wine trade lawyer Andrew Park.
Read more...Ex-Somerfield wine buyer Angela Mount questions how Tesco's BWS department will function in the longer term as pressure to make trading plans for next year builds.
Read more...Ex-Somerfield head of wine Angela Mount questions the impact on BWS of the lack of a long-term strategy at Tesco, as the retailer struggles to manage the consequences of its financial scandal.
Read more...The national media's business press has been busy this morning analysing Tesco's half-year 92% drop in pre-tax profits and even larger accounting black hole and looking at ways it can get itself out of the mire and back to leading the UK grocery retail market.
Read more...Following Tesco's announcement this morning that profits had been over estimated by £263m resulting in 92% drop to £112m, analysts have taken to Twitter to share their reactions.
Read more...Tesco's chief executive is looking to "re-energise" the company following the "body blow" of its financial scandal, but has so far revealed scant detail of his plans.
Read more...The Serious Fraud Squad has said today it is "following developments at Tesco with interest" on the back of news that the profits black hole at the UK's biggest supermarket is higher than first thought.
Read more...The sales crisis at Tesco is even worse than first feared with a 92% drop in pre-tax profits for the last six months, an even larger profits black hole than first announced and a blunt admission from new chief executive, Dave Lewis, that it has its work cut out to win back the trust of its customers.
Read more...The TescoGate accounting crisis means retailers will take greater care in their dealings with suppliers, now the "genie is out of the bottle", experts have told Harpers.co.uk.
Read more...Tesco continues to lose market share to its grocery rivals at both ends of the retail spectrum, according to the latest figures from Kantar Worldpanel which reveals that Waitrose achieved its record performance for the last 12 weeks of trading.
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