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Tesco credit rating in further jeopardy following profit warning

Published:  10 December, 2014

Moody's Investor Services, an international credit rating agency, says Tesco's profit warning "will further increase negative pressure on Tesco's current rating" and that Tesco would remain under review for another possible downgrade.

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Tesco shares plummet as retailer warns on profits

Published:  09 December, 2014

Tesco has issued a warning flagging full-year trading profit will not exceed £1.4 billion - 20% lower than analysts' expectations.

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COPY: The Week That Was: Top news, Q&As and opinion on Harpers.co.uk

Published:  05 December, 2014

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.

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Tesco makes changes to senior management team

Published:  02 December, 2014

Tesco has shaken up its management team with chief executive Dave Lewis taking a hands-on role leading the day-to-day running of the UK supermarkets.

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M&S own brand wines wipe the floor at first round of International Wine Competition 2015

Published:  02 December, 2014

Marks and Spencer's own brand wines cleared the decks at the first phase of the International Wine Challenge 2015, taking home 69 medals and outpacing nearest rival Tesco by 37 medals. 

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The Week That Was: Top news, Q&As and opinion on Harpers.co.uk

Published:  28 November, 2014

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.

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TescoGate: Three suspended bosses reported to have left Tesco with more to follow

Published:  28 November, 2014

Kevin Grace, group commercial director, Carl Rogberg, UK finance director, and John Scouler, UK food commercial director, three of the executives that were suspended from Tesco following its accounting crisis have left the company, according to a Financial Times report. Other suspended executives, including head of beers, wines and spirits, Dan Jago,could be dismissed next week, according to media reports.

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Wine Australia confirms Tesco's Laura Jewell as its new head of UK and Europe

Published:  27 November, 2014

Wine Australia has confirmed to Harpers.co.uk that it has appointed Tesco's Laura Jewell MW to be its new regional director for the UK and Europe.

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TescoGate latest: UK shareholders poised to sue over "reckless" accounting errors

Published:  26 November, 2014

A UK law firm is preparing legal action on behalf of Tesco shareholders that will allege directors and senior managers "knew or were reckless" over the retailer's "untrue of misleading" accounts, which overstated profits by £263 million.

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Supermarket and supplier relations at a "crossroads" warns Pernod Ricard UK chief

Published:  24 November, 2014

Relationships between major supermakets and their suppliers are now at a "crossroads" according to Denis O'Flynn, managing director of Pernod Ricard UK, and we should expect tighter regulations to bring more control over the sector.

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UK grocery market declines for first time in 20 years, says Kantar WorldPanel

Published:  20 November, 2014

The ongoing price wars in the British grocery market have led sales to decline by 0.2% - the first decrease since market research firm Kantar World Panel began keeping records. 

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  14 November, 2014

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.

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Tesco bolsters wine team as it looks to improve quality and customer focus

Published:  12 November, 2014

Tesco has boosted its wine team with the addition of an assistant buyer and quality manager.

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Oddbins chief slams Majestic's supplier demands as 'morally repugnant'

Published:  11 November, 2014

Oddbins boss Ayo Akintola has ended 25 years of cordial relations with rival retailer Majestic in a hard-hitting comment for Harpers.co.uk in which he accuses the firm of "morally repugnant" and "shabby" behaviour after it called on suppliers to fund a new warehouse.

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TescoGate Analysis: Tesco woes go from bad to worse

Published:  11 November, 2014

The cat is still well and truly among the pigeons at Tesco. Following its £263 million profits overstatement, suspension of head wine honcho Dan Jago, along with seven other senior executives, and the current investigation by the Serious Fraud Office, every little has not helped.

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TescoGate: UK investors could join US shareholders and fire legal action against senior chiefs

Published:  10 November, 2014

Tesco UK and European investors could join US shareholders in taking legal action against the beleaguered retail chain in the wake of its £263 million overstatement of profits.

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Lidl best value supermarket for wine, says new app

Published:  10 November, 2014

Lidl is the UK's best supermarket for wine when it comes to value - according to an 18-month study tasting over 4,000 wines carried out by the Wotwine app.

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TescoGate will be major test for Groceries Code warns government chief

Published:  07 November, 2014

The head of the government's business select committee has written to the Groceries Code Adjudicator about how Tesco practices may have infringed the "spirit" of the Code and what action is being taken.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  07 November, 2014

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.

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Enotria's Troy Christensen on what next for supplier and retailer relations after TescoGate

Published:  07 November, 2014

Troy Christensen, chief executive of Enotria, tells Gemma McKenna what's going on at the supplier, the state of distributor retailer relations in light of TescoGate, and what we can expect next.

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