Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders. Following support from the supermarket group’s investors, Tesco confirmed in a statement that Booker’s shareholders had now also backed the deal. The combined business is expected to start operating on 5 March 2018. Dave Lewis, group chief executive at Tesco, said: “I’m delighted that the shareholders of both companies have supported the merger. “This merger is about growth, bringing together our complementary retail and wholesale skills to create the […]
Tesco has received planning permission to develop a 134,333 ft² DC near Abingdon, Oxfordshire.
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
More than 180 drivers at Eddie Stobart’s Tesco DC in Doncaster are set to strike for 48 hours next week following last month’s vote in favour of industrial action. The strike will run from early Tuesday morning (9 October) and will disrupt supplies to Tesco stores in the Yorkshire and Humber region, said Unite. The action, which more than 90% of staff voted for, follows a move by Stobart to issue termination notices to 183 drivers on 5 September after […]