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Tesco Trials 24/7 Royal Mail Lockers in UK Grocery Convenience Push
Tesco is piloting Royal Mail parcel lockers at eight UK locations, offering round-the-clock collection and returns. The move comes as the grocer defends market share gains against rivals also expanding locker networks.
Tesco Staff to Share £134 Million in Share Scheme Payout Amid Rising Grocery Inflation
Tesco's Save As You Earn scheme will distribute up to £134 million to more than 22,000 staff, with average payouts between £5,000 and £8,000. The news comes as UK grocery inflation increased to 4.3% in late February.
Tesco Shares Gain on Rising Grocery Inflation, Market Share Growth
Tesco shares advanced 2% in London trading, outpacing the FTSE 100, following data showing UK grocery inflation rose to 4.3% and Tesco's market share grew to 28.7%. Focus turns to the Bank of England's March rate decision and Tesco's full-year results in April.