• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Tesco had a great Christmas sales but it does nothing to save the jobs

17th January 2021 Matthew Weller

Tesco had a great Christmas sales but it does nothing to save the jobs Pin It

Tesco has seen the turnover in the past 19 weeks pick up, thanks to strong performances around Christmas days. This was announced by the supermarket chain on Thursday morning.

In the period from 28 November to 9 January, turnover increased by 7 percent to GBP 19.9 billion. In particular, in the United Kingdom, where most of the turnover comes from, Tesco performed well with a turnover increase at constant exchange rates of 8.5 percent. In Central Europe, however, turnover fell by one per cent to GBP 1.5 billion.

Ken Murphy spoke of record achievements during the Christmas period. Over this period, 400 million products were shipped, divided into more than seven million orders, according to the CEO.

However, the outlook for the financial year 2020/2021 remained unchanged and Tesco still expects to achieve an operating profit at least as high as the result in the previous financial year. It will not make any difference for those who will be laid off: the plans to job cuts are in effect.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

More than a third…

In Domestic Affairs

More than a third UK manufacturers are looking to replace foreign suppliers

View Post

Next Post

Fishermen protest at Downing Street

In Domestic Affairs

Fishermen protest at Downing Street

View Post

In Money Matters

Tesco says Brits are buying less and downtrading to manage inflation

View Post

In IT, Innovation and Startups

Small business is obliged to hire ‘a data protection officer’

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

Newsletter

Latest News

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

View

Small business is obliged to hire ‘a data protection officer’

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]