Tesco profit forecast soars

Supermarket giant Tesco’s latest trading update was further proof of rampant profiteering in the sector, Unite general secretary Sharon Graham said. Tesco announced on Thursday (January 11) that its Christmas sales were higher than expected. It also revised upwards its profit forecast for the full year to £2.75bn, up from the previously forecast of the […]

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‘Astonishing corporate greed’

The UK’s biggest supermarket Tesco continues its shameless profiteering spree, Unite said on Thursday (April 13) as the stock exchange published the retailer’s latest figures. Although Tesco’s profits were down from last year’s profits bonanza – which totalled a record-breaking £2bn in pre-tax profits – the supermarket still made an astonishing £3bn in profits over […]

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Bakkavor food manufacturing workers to strike

More than 700 workers at Bakkavor’s food manufacturing factory in Spalding, Lincolnshire, will strike from late November until the New Year over poverty pay, Unite said this week. Many of the workers earn just 1p over the national minimum wage with some being forced to use food banks. In March, Bakkavor announced that its adjusted […]

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