with more on this here s our business correspondent marc ashdown. john allan, a very prominent business leader, he has been chair of tesco for eight years, he was due to stand down from tesco next year, but in a statement this afternoon the company confirmed he would now step aside at this year s agm in a few weeks time, so a year before he was expected to stand down, he has been under pressure in recent weeks after allegations emerged in the media of his conduct, four women made allegations of inappropriate and unprofessional behaviour, one was a senior member of tesco staff who said he touched her bottom at last year s agm, a similar claim was made by a member of cbi staff, the allegation dates back to 2019, tesco said they carried out a full review into these allegations and have not found any wrong doing
attack. the man was found by officers in weekend with serious injuries on thursday evening. he was taken to hospital where he has died earlier today. taken to hospital where he has died earliertoday. police taken to hospital where he has died earlier today. police said armed officers were deployed to try to control the dock and said that they used every available tactic to subdue the animal before it was destroyed. the 24 year old man has been arrested on suspicion of being in charge of the dangerously out of control dog causing injury resulting in death. tesco chairmanjohn allan will step down from his role next month as the company said that allegations over his personal conduct risk becoming a distraction to the supermarket. mr allan has faced four allegations in the media in relation to his personal conduct, three of which he vigorously denied , and one over which he unreservedly apologised for inappropriate comments made to a female member of staff.
in the next hour, the uk s biggest supermarket, tesco, is expected to announce large profits as food prices reach their highest level in a0 years. hannah has the details this morning. lots of scrutiny will be placed on these results. yes, we ve seen that as prices rise, people shopping habits are changing with a lot more focus on finding good value. the price of food is rising at its fastest rate in more than ao years. on average, something that cost you £1 a year ago now costs £1.18. but on some products like pasta, eggs and cheese, the increase has been even bigger. today though, there are perhaps
pound spent, rather than ap part of a trend as shops try to shift away from long term rewards. because of the cost of living crisis. because of the cost of living crisis. the because of the cost of living crisis, the consumer- because of the cost of living crisis, the consumer wants. because of the cost of living i crisis, the consumer wants to because of the cost of living - crisis, the consumer wants to see value crisis, the consumer wants to see value when crisis, the consumer wants to see value when they crisis, the consumer wants to see value when they purchase, - crisis, the consumer wants to see value when they purchase, so - crisis, the consumer wants to see value when they purchase, so if. crisis, the consumer wants to see . value when they purchase, so if you can get value when they purchase, so if you can get that value when they purchase, so if you can get that immediate value when they purchase, so if you can get that immediate gratification where can get
the first small signs of things changing. tesco says it s cutting the price of a four pint bottle of milk by 10 pence because of falling wholesale costs. now we know that lots of people are looking closely at own brand products and shopping around more as we look to cut the cost of the food bill. discount retailers like aldi and lidl have increased their grip on the market as people hunt for lower prices. and some of the other supermarkets are now responding by introducing new deals to try to get more people through their doors. sainsbury s hasjust announced it s going to offer exclusive offers for its 18 million nectar customers. but running loyalty schemes is expensive. tesco recently slashed the value of its clubcard points from june, points will be worth twice their value when cashed in, rather than three times as they are now. and from next month boots customers will only collect 3p worth of points on their advantage cards for every