Business

Tesco set to axe 1200 head office jobs

Tesco set to axe 1200 head office jobs

In February 2016, The Grocer revealed Tesco had considered a scenario plan for 39,000 store staff cuts over the following three years, the equivalent of Tesco shedding one in six employees, although it vehemently denied that it had any firm plans to follow up the modelling.


Shares Trading up at $18.38 (KEY) KeyCorp Announces CCAR Capital Plan…

Shares Trading up at $18.38 (KEY) KeyCorp Announces CCAR Capital Plan…

For the third year in a row, all 34 banks were deemed capable of handling a severe recession, and for the first time ever every bank's capital distribution plans were given the stamp of approval. Fed Gov. Jerome Powell, who is acting as regulatory lead for the USA central bank, said the process "has motivated all of the largest banks to achieve healthy capital levels and most to substantially improve their capital planning processes".


Port reacts to Maersk cyber attack

Port reacts to Maersk cyber attack

It said the shipping ministry and JNPT were taking steps to ensure minimum disturbance to trade, transporters and the locals. One of the world's largest shipping companies, A.P. Jensen said that the attack could have a "huge impact" on Maersk's business depending on how long it takes to get all systems up and running. Firms that were hit on Wednesday include Russia's biggest oil company Rosneft, global advertising giant WPP Group and multiple institutions in Ukraine, including its ...


Tesco, Booker Call For Fast Track Competition Investigation

Tesco, Booker Call For Fast Track Competition Investigation

The first phase of its CMA investigation had been due to run until 25 July, but that could now be wound up within 10 working days in advance of instigating the more detailed investigation. The watchdog further noted that it had used the fast track process in several merger investigations including BT Group's (LON:BT.A) acquisition of mobile operator EE.


General Mills offsets sales decline with fewer promotions

General Mills offsets sales decline with fewer promotions

The firm has a 50-day moving average of $56.95 and a 200-day moving average of $59.75. Institutional investors own 70.51% of the company's stock. The Company's sales have grown at an average annualized rate of about 2.20% during the past five years.