Home / Tag Archives: tesco (page 2)

Tag Archives: tesco

Tesco says profits will be almost £1bn lower than predicted

2014 has already been one to forget for Tesco, and the news just keeps getting worse. The retailer has now warned that profits for the year ending February 2015 "will not exceed 1.4bn" – that’s well below the 1.8bn-2.2bn the markets had expected and significantly down on the 3.3bn recorded …

Read More »

Tesco chairman Broadbent steps down amidst profit overstatement fiasco

Britain’s biggest retailer Tesco has revealed that it underestimated the extent of its recent profit overstatement. The company last month suspended four executives – including UK MD Chris Bush – after it admitted that profits had been overstated by 250m. That has now been upped to 263m, leading to the …

Read More »

Tesco suspends UK MD Chris Bush over profit guidance overstatement

UK MD Chris Bush is among four executives said to have been suspended by Tesco regarded an overstatement of half-year profits. The BBC reports that an employee reported ‘an issue’ to the board and the UK’s financial regulator the Financial Conduct Authority on Friday which had previously led to Tesco …

Read More »

Tesco confirms Hudl smartphone plans

Tesco has revealed that it will launch an Android smartphone by the end of the year. Philip Clarke, Tesco’s chief executive, told BBC Radio 5 Live that the handset will be called the Hudl smartphone and will come with pre-installed Tesco services and feature hardware comparable to the Galaxy S5. …

Read More »

Mario Kart 8 Wii U (including extra game) is £200 at Tesco

A Premium Wii U with two games for 200 is exactly what Nintendo should be talking about. And that’s what is available right now from Tesco for those who use a (likely limited time) discount code. Tesco Direct is offering the Mario Kart 8 Premium Wii U bundle for 219.99. …

Read More »

Now Tesco has extra PS4 stock for midnight

Tesco is the latest games retailer to announce it has more stock of PlayStation 4 available. The firm says that 150 of its Tesco Extra stores have extra stock of the console, which means quick gamers can pick one up at midnight tonight. It’s available on a first-come, first-served basis. …

Read More »

Tesco offering Xbox One tomorrow night on first-come, first-served basis

Yes, there’s still a chance that you can get hold of an Xbox One on launch day. Tesco has revealed that it will be selling stock of the console on a first come first served basis” at more than 100 of its Extra stores from midnight on the morning of …

Read More »

Tesco wants to be the first destination for Call of Duty fans

Supermarket behemoth Tesco wants to be seen as the ‘destination’ for Call of Duty launches. The chain has released a TV ad which features gamers playing Call of Duty: Ghosts and cooking food. It is the third time the firm has put together an advertising campaign for Activision’s blockbuster shooter. …

Read More »

Tesco claims a third of Grand Theft Auto V’s total spend in UK

A third of all the money spent on Grand Theft Auto V in the UK in its first two weeks on sale in the UK was spent at Tesco. The Grocer reports that supermarkets have as a result of the game’s release seen a significant boost to their entertainment market …

Read More »

Nintendo teams up with Tesco for Wii U fight back

Nintendo UK has set itself ambitious targets in its bid to rescue the ailing Wii U. The company admitted to MCV that too many people are unaware that Wii U is a new console, and will embark on a giant campaign to educate parents and kids – particularly Wii owners. …

Read More »