Tesco is ending night-time restocking, putting 1,600 jobs at risk
Tesco has warned that 1,600 jobs are at risk as it phased out midnight replenishment at select stores and converted some petrol stations to pay-at-pump. The intentions come just one day after the grocer announced the closing of its Jack’s bargain outlets. It claimed that refilling shelves during the day will allow more employees to […]
Cash loses its shine in pandemic but still king in Switzerland
Cash is still king in Switzerland, a Swiss National Bank study published on Wednesday found, although the wealthy country’s citizens are increasingly turning to cards and apps for payments during the pandemic.
Morrisons leaps after rejecting $7.6 bln private equity bid
Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.
Supermarket groups Carrefour and Tesco to end purchasing alliance
French supermarket group Carrefour (CARR.PA) and its British peer Tesco (TSCO.L) said on Monday they would not extend a purchasing alliance heralded originally as a potential way to trim costs.
