Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

288.90p
   
  • Change Today:
    -0.90p
  • 52 Week High: 303.50
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 9,178,489
  • Market Cap: £20,336m
  • RiskGrade: 107

Tesco chair accused of inappropriate behaviour - report

By Abigail Townsend

Date: Tuesday 09 May 2023

LONDON (ShareCast) - (Sharecast News) - The chair of Tesco has been accused of inappropriate behaviour, it was reported on Tuesday.
John Allan, a former president of beleaguered business lobby group CBI, has strongly denied all bar one of the claims.

According to The Guardian, Allan has been accused of touching the bottom of a senior member of Tesco staff at the grocer's annual general meeting in June 2022.

It was also claimed he touched the bottom of a member of staff at the CBI's annual dinner in May 2019. Allan was president of the CBI from 2018 to 2020.

The Guardian, citing unnamed sources, said Allan had also been accused of making inappropriate remarks on both of those occasions, as well as further similar comments to two other female CBI staff in 2019 and 2021 respectively.

Allan has not denied making a comment about a CBI employee's appearance in 2019, telling her that her dress "suited her figure". After she complained to her manager, Allan apologised and said it had been a "misjudged way of seeking to cheer someone up", The Guardian noted.

But he has denied all other claims, with his spokesperson telling the newspaper they were "simply untrue".

The spokesperson said: "Mr Allan was mortified after making the comment in 2019 and he immediately apologised. The person concerned agreed the matter was closed and no further action was taken.

"Regarding the other claims, they are simply untrue.

"Even so, Mr Allan requested that Tesco and Fox Williams - who were instructed by the CBI to conduct an investigation following various allegations - to investigate them. Fox Williams decided not to, and Tesco are not aware of and have not received any complaints about Mr Allan's conduct."

A Tesco spokesperson said Allan's conduct had never been the subject of complaint during his tenure, and there had been no complaint or concern made either formally or informally about his behaviour at the 2022 AGM.

In December, Tesco announced that Allan, 74, would step down as chair in 2024 after spending the recommended nine years in the role.

The Guardian said it knew the identity of the four woman involved but had chosen not to name them.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tesco Market Data

Currency UK Pounds
Share Price 288.90p
Change Today -0.90p
% Change -0.31 %
52 Week High 303.50
52 Week Low 245.40
Volume 9,178,489
Shares Issued 7,039m
Market Cap £20,336m
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.34% below the market average52.34% below the market average52.34% below the market average52.34% below the market average52.34% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
45.35% above the market average45.35% above the market average45.35% above the market average45.35% above the market average45.35% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income
40.93% above the market average40.93% above the market average40.93% above the market average40.93% above the market average40.93% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Growth
27.66% above the market average27.66% above the market average27.66% above the market average27.66% above the market average27.66% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
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Tesco Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 28-Jun-24 24-Nov-23
Amount 8.25p 3.85p

Trades for 26-Apr-2024

Time Volume / Share Price
16:35 4,099,932 @ 288.90p
16:35 3,488 @ 288.90p
16:35 2,489 @ 288.90p
16:35 9,009 @ 288.90p
16:35 1,392 @ 288.90p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

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