Tesco Faces Profit Decline Amid International Challenges
Tesco faces significant challenges in its latest financial report, revealing a 2% drop in group sales and a 7.6% decline in trading profit. The supermarket giant’s international operations, particularly in Europe, have led to a staggering 68% plunge in cash profits. Despite some improvement in the UK market, Tesco’s ability to navigate these turbulent conditions and adapt its international strategy remains critical for future growth.
Tesco Slashes Prices for Easter Shopping
Tesco is offering Clubcard members discounted prices on essential Easter vegetables, meat, fish, and chocolate eggs. With prices as low as 15p for vegetables and 50% off on centrepieces and roasting joints, Tesco aims to provide great value options for Easter. Chief Commercial Officer Ashwin Prasad expressed delight in offering high-quality staples and treats at affordable prices, ensuring a fantastic Easter celebration without breaking the bank.
Tesco and Sainsbury’s Issue Warning for Recall of Chicken Pad Thai Ready Meal
Tesco and Sainsbury’s have issued a warning to consumers regarding a recall of a particular ready meal product. Scratch Meals Ltd has recalled its Chicken Pad Thai with Noodles & Veggies due to the presence of peanuts, which could pose…