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Tesco distribution workers secure pay rise amid strike threat

Tesco warehouse workers and HGV drivers accepted a 4.5% pay rise, ending a strike threat. The deal affects around 3,000 workers across four locations. Tesco reported adjusted operating profits of £3.2 billion for 2025/26 and forecasts £3 billion to £3.3 billion for 2026/27.

Grocery inflation eases back to under 4% as online summer sales surge

Grocery inflation in Ireland fell to 3.9% in August, down from over 6% earlier this year, according to Worldpanel by Numerator. Online sales surged 27.6% as shoppers took advantage of warm weather. Leading grocers include Dunnes Stores (24.1% market share, 8.4% growth) and Tesco (23.8% share, 7.9% growth).

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FTSE 100 moves higher as miners bounce

The FTSE 100 rose about 0.2% on Monday as miners gained on higher metals prices and improving Asia trading. Glencore (+1.2%), Rio Tinto (+1.3%), Anglo American (+2.3%) and gold-linked Endeavour Mining and Fresnillo (both above +2%) led. Prudential rose 2.1%, while Babcock, Sainsbury’s and JD Sports fell.

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Stocks steady as US inflation cools as expected

US CPI cooled as expected, with July headline inflation up 3.4% year-on-year versus 3.5% in June, and core easing to 2.5% from 2.6%, according to the US Bureau of Labour Statistics. Markets pared Fed hike odds, with CME FedWatch showing a 58% chance of no change. FTSE 100 fell 0.1% to 10,833.15; Ocado jumped 16% on JPMorgan’s 290p target.

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