Business diary: Tesco to face investors in July

Click to follow
The Independent Online

Poor old Tesco. Holding its annual meeting in central London this year means everyone and his uncle is likely to turn up to watch the show. Even when it has decamped to less media- intensive venues, Britain's largest supermarkets group has found it hard to avoid negative publicity. Most notably when Hugh Fearnley-Whittingstall, the celebrity chef, turned up to the Solihull AGM in 2008 with chickens. This year's entertainment in July is likely to be a little more prosaic – a possible spat with investors over US chief Tim Mason's pay. But it could still spoil Sir Terry Leahy's swan song and it's unlikely he'll miss the annual jamboree when he retires next March.



Where was Waitrose?

Success, of course, does tend to generate criticism, and Tesco is very successful. Still, its long-suffering PR people may be cheered up by research from LighterLife claiming that up to a quarter of Britons' shopping baskets are filled with junk food. Tesco baskets are (apparently) the healthiest, with bitter rival Asda at the bottom. But why was Waitrose, favourite of the supposedly healthy middle classes, not at the top? Surely some mistake?



Betting on the future of movies



The launch of movie futures – linked to a film's financial performance – has generated a nice little spat, with The Motion Pictures Association of America likening them to "legalised gambling" (well duh...) and complaining that they could harm the industry's reputation. Given Hollywood's history of sleaze (documented in any number of satirical films, funnily enough) that's a bit rich. Wall Street and Hollywood: really, they sort of deserve each other.



Shurely some mistake?

Howard Archer's economic forecasting and commentary is, of course, peerless. It's just a shame the same can't be said of his proof-reading. In Diary's inbox is a resent missive from the excellent Mr Archer headed "IHS Global Insight View (corrects for a vouple of typos – sorry)".

businessdiary@independent.co.uk

Comments