tesco

STEPPING IT UP – EVERY LITTLE HELPS…

Chief executive officer, Dave Lewis, parachuted in to turn around Tesco’s ailing fortunes, dished up a market-pleasing interim set of results last Wednesday, comfortably beating analysts’ expectations. Tesco shares soared by over 11% as the supermarket’s slashing of prices and improved product range helped to make the customer’s shopping experience more affable. But Lewis isn’t complacent, calling for employees to ‘step it up’ with regards to ongoing improvements. Investors will be hoping that comment wasn’t directed at the company’s ever-widening pension deficit, which now stands at an eye-watering £5.9 billion.