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In August, Tesco's financial management had announced that the firm's half-year dividend would be cut by 75% and full-year profits would be in the region of £2.4bn to £2.5bn, less than its previous revenue estimate of £2.8bn, and already £0.5bn down on last year's £3.3bn reported corporate profits.
In August 2013, Tesco was fined £300,000 after admitting that it misled customers over the pricing of "half-price" strawberries. [203] Tesco egg supplier in Thailand - investigation shows hens in battery cages, unable to spread their wings.
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Tesco and Morrisons were accused of collusion too, but denied taking part. The allegations against Tesco involved cheese as well as milk and butter. [40] The retailers could theoretically have faced fines of up to 10 per cent of their worldwide turnover, which in Tesco's case would have amounted to £4.3bn.
Tesco Mobile's Black Friday/Cyber Monday deal offers a 24-month unlimited data plan priced at £25/month. The plan includes "no EU roaming fees until 2026". The plan includes "no EU roaming fees ...
Meal deals vary in price depending on retailer, with most costing a set price between £3 and £5. [3] As of 2022, the average price of a meal deal (from retailers across the market) is £4.12, up from £3.91 in 2020. [8] The price saving offered by a meal deal, compared to purchasing the three items separately, can be over 50%. [3]
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This holiday season, Starbucks is in a giving mood. Every Thursday in December, Starbucks Rewards members can put a little more “yay” in their day with 50% off any drink from 12 to 6 p.m ...