|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.1000 - 2.3700|
|52 Week Range||2.1000 - 4.1800|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||1.97|
|Forward Dividend & Yield||0.14 (4.22%)|
|Ex-Dividend Date||May 19, 2022|
|1y Target Est||N/A|
Tesco, Britain's biggest retailer and one of the country's largest private sector employers, is facing union calls to increase store workers' pay after several rivals raised hourly rates for a second time this year. Sainsbury's, the country's second largest supermarket group, Marks & Spencer and German-owned discounter Lidl GB have all announced increases this month, paying hourly rates ahead of the market leader. Tesco, which has a UK workforce of around 300,000, gave store and fulfilment centre workers a 5.8% rise in April, which took effect in July.
Aldi saw its market share rise by 1.2 percentage points as its sales jumped almost 19% over the 12 weeks to 4 September 2022.
With job vacancies in Britain close to a record high, retailers including Tesco Plc have begun offering better perks to workers, enticing them with free food and essentials during a cost-of-living crisis. Tesco, Britain's biggest retailer, has in recent weeks increased the number of free products that it offers to staff in back of store areas, it told Reuters. Workers are given free fruit; hot and cold drinks; breakfast items such as cereal, crumpets and spreads; bread, pasta and noodle snacks; and toiletries including deodorant and sanitary products, a Tesco spokesperson said.