Morrisons reveals growth ‘well ahead’ of rivals

Author: By Kelly Macnamara, Press Association

The supermarket chain said like-for-like sales, excluding fuel and VAT, were
up 4.3 per cent in the 13 weeks to 1 November, a slowdown from the previous
period as falling food inflation took its toll.

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The Big Question: Will appointing a new chairman be enough to end ITV’s problems?

Author: By Ian Burrell. Media Editor

Why are we asking this now?

Britain’s biggest commercial broadcaster yesterday unveiled its new chairman,
Archie Norman, the former Conservative MP and chairman of the Asda
supermarket chain. He described the job as an “irresistible challenge”
and will replace Michael Grade, who steps down as executive chairman in
January.

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Tesco’s finest: Sir Terry Leahy

Author: By Paul Vallely

Sir Terry Leahy, the chief executive of Tesco ? which is now the country’s
biggest private-sector employer ? certainly thinks so. This week he has been
complaining that the supermarket chain is having to pick up the pieces of
our “woeful” schools. Some employers are even having to run
remedial classes for school-leavers unable to read or write adequately.

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Tesco boss: School standards too low

Author: By Richard Garner, Education Editor

Sir Terry Leahy, in a speech in London yesterday, accused ministers of excessive meddling in schools, leaving teachers “distracted” from their main job of passing on knowledge to pupils.

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Tesco announces £1.4bn profits

Author: By Kelly Macnamara, Press Association

The group, which saw pre-tax profits rise 1.5 per cent in the six months to
August 29, generated total sales of more than £1 billion a week at £30.4
billion. Like-for-like sales rose 2.7per cent in the UK – slower than the
growth achieved by its rivals.

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Tesco attacks new attempt to limit grocery over-expansion

Author: By James Thompson

After Tesco won an appeal in March against the CC’s initial competition test, the commission came back with an amended proposal yesterday and formally recommended that the Department of Communities and Local Government introduce the test in planning decisions on larger grocery stores.

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Argos to pay £900m for Homebase chain

Author: By Megan Davies, City Editor, PA News

Argos owner GUS is buying DIY chain Homebase in deal worth around £900 million, it was announced today.

GUS said the deal was in line with both groups’ strategies to expand in the growing market for furniture and homewares.

Read more on Argos to pay £900m for Homebase chain…

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