Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,428.86
    -1,046.29 (-2.03%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Tesco says UK store closures put 2,000 jobs at risk

Reuters - UK Focus

LONDON, Jan 28 (Reuters) - Tesco (Xetra: 852647 - news) , Britain's biggest supermarket, said up to 2,000 people could lose their jobs when the group closes the 43 unprofitable stores it plans to shut.

The firm named the 43 stores on Wednesday. They consist of 18 Express (NYSE: EXPR - news) stores, 12 Metro (Other OTC: MTRAF - news) stores, seven superstores and six Homeplus stores.

Tesco is currently consulting affected staff and it said wherever possible it would offer alternative roles.

Tesco announced its plans to close the stores on Jan. 8 as part of new boss Dave Lewis' plan to fight back from years of market share losses and an accounting scandal.

(Reporting by James Davey; editing by Kate Holton)