Tesco PLC (TSCO.L)
LONDON Companies in Britain must strive to rein in excessive executive pay, pay more heed to staff and make boards more diverse under a new "short and sharper" corporate code, published on Monday.
* Company chairs face effective 9-year term limit (Adds lawmaker comment)
LONDON, July 16 Companies in Britain must strive to rein in excessive executive pay and make boards more diverse under a new "short and sharper" corporate code, published on Monday.
LONDON Sainsbury's , the British grocer that has agreed to buy rival Asda, has defended its new chairman, dismissing a shareholder's suggestion that he might be tainted by a failed takeover deal during his time at Lloyds Banking Group .
* Wilson had been seen as potential successor to CEO Dave Lewis (Adds share price, analyst comment)
LONDON, July 10 Britain's biggest supermarket Tesco said its UK and Ireland boss Charles Wilson would be replaced by group chief product officer Jason Tarry after Wilson was diagnosed with cancer.
PARIS/LONDON A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
* Nestle, under fire from Third Point, clashed with retailers
PARIS/LONDON Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. | Video
* Suppliers concerned that they risk being squeezed hard (Adds further reaction)