Category: Tesco
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Tesco and Shell to power stores and EV stations with output from UK’s largest solar farm, originally meant for homes
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Tesco and Shell have struck a deal to buy the entire output from Cliff Hill Solar Farm, the UK’s largest solar project, which was initially planned to power 100,000 homes. The agreement stipulates that 65% of the farm’s electricity will go to Tesco’s supermarkets, while Shell will manage the remaining…
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Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round
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Perlego, an education technology platform known as the ‘Spotify of textbooks’, has secured a $20 million fundraising round led by former Tesco CEO Sir Terry Leahy. The digital library service, which provides unlimited access to academic titles via subscription, is expected to announce a capital injection this week. The new…
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Tesco Sees Surge in Sales as Shopper Confidence Rebounds
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Tesco, the UK’s largest retailer, has reported a marked increase in shopper confidence, reflected in “strong” sales growth over the past three months. The supermarket giant saw a nearly 5% rise in UK sales, as shoppers bought more items and switched to Tesco from rivals. The increase in sales was…