Tesco gets PR and share price boost from row with Unilever
London
TESCO appeared to emerge victorious from a pricing row with Unilever on Friday, with its shares rising 5 per cent and analysts saying Britain's biggest retailer had scored a public relations coup by casting itself as the consumer's champion.
Though details of the agreement between the supermarket group and one of its main suppliers were not disclosed, analysts said Unilever had probably at least partially backed down in its bid to raise prices to compensate for a plunge in sterling following Britain's vote to leave the European Union. "For the first time in many yea…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Australia wants businesses to diversify after China scraps wine tariffs
Japan drugmaker reports two more deaths in supplement scare
Chanel flap bag now costs more than 10,000 euros in Paris
Florida governor, Disney reach settlement in lawsuit over special district
Kobayashi Pharma ordered to recall red yeast rice pills after 2 deaths
Second Chance Properties H1 profit falls 52.8% to S$4.3 million