Blog: Tesco has its "fingers crossed"
Dean Best | 5 December 2007
Try not to be fooled by the accelerated growth in UK retail sales in November.
Discounts are believed to have driven the increased spending, which has lead many to believe consumers will be watching the pennies this Christmas.
Tesco’s finance chief Andrew Higginson gave away some of the sector’s pessimism with a call for the Bank of England to cut interest rates.
Higginson told the Thomson Financial News Agency that shoppers were being “very cautious” and that he is keeping his “fingers crossed” during the key Christmas period.
He’s unlikely to be alone.
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
- The key questions for digital strategists in 2017
- Unilever 2016 investor day - the top takeaways
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Have food promotions reached tipping point?
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund
- Japan's Nagatanien buys Chaucer Food Group