The share price rises by 15% as thousands of people could loose their jobs.

http://www.theguardian.com/business/2015/jan/08/tesco-chief-unveils-dramatic-shake-up-troubled-supermarket

Almost 100 stores to close

What a sick and nasty world the speculators create and live in. On the announcement that nearly 100 Tesco stores will be closed, Head Office will be "relocated" , the employee pension scheme will be axed and that thousands of people will loose their jobs, the share price increases by 15%.
The financial "markets" make "loads a money" at the expense of peoples lives.
I have little sympathy for Tesco. My criticism is of the speculators making money from the share price increase as a result of people losing their jobs. As usual it is the employees who pay the price of management ineptitude and in the case of Tesco, boardroom practices which probably verge on illegality.
Personally, I never shop in Tesco for three main reasons.
The price of their produce is too high. The quality of their goods is in many cases poor and their continuing policy of sourcing produce from illegal Israeli settlements in Palestine is not acceptable.
My sympathy is not with Tesco and its board, but with the people who, at the moment, work there.

Comments

Northern Ireland and Brexit. The return of "The Troubles"

Northern Ireland: police attacked in another night of disturbances | Northern Ireland | The Guardian When the "Brexit" debate was still filling our newspapers and our television screens, readers may remember why I had changed my mind since voting to leave at the referendum vote. Apart from the economic arguments, which had become crystal clear after peeling away all the lies and misrepresentations trotted out by Bozo Boris and his "Get Brexit Done" conspirators, there was always the problem of the border between Northern Ireland and the Republic of Ireland. Would it be possible to have a border between the European Union and the United Kingdom where people, goods and services could pass freely between the two nations without customs restrictions, tariffs, duties and all the other formalities? Would it be possible to have one part of the United Kingdom treated differently from other parts of the United Kingdom, particularly when Scotland for example had voted overwhe

The Parliamentary Labour Party conspirators are hatching another coup.

http://www.independent.co.uk/news/uk/politics/corbyn-labour-leadership-rebel-mps-a7202641.html Labour MPs plan for Corbyn victory and plot how to confront an emboldened leader Even for the "Independent", the number and use of unnamed anonymous "sources" in this article is quite astonishing. However, amongst all the usual speculative delusion, there is one factor which causes concern to anyone who believes in the Labour Party, its principles and in he democratic process of the Labour movement. It is abundantly clear that elements within the Parliamentary Labour Party, are even now, planning another coup in the event that Jeremy Corbyn should emerge as winner in the current ballot. The failed coup of earlier this year, has now descended into a sham leadership election, because the conspirators still fail to accept the democratic decision of the Labour party membership and cling to

Plemont development or return to nature?

http://www.bbc.co.uk/news/world-europe-jersey- A date has been set for a public inquiry into plans for Plemont Headland. This exceptional location must be sold to the National trust for Jersey, and returned to nature. Any other outcome involving development of the site, can only demonstrate the extent to which greed and self interest have become endemic in Jersey.

Agenda 2019

Search This Blog