Overview
- Tesco disclosed Friday in its annual report that chief executive Ken Murphy was paid £10.8 million for 2025/26.
- The package included a £3.4 million annual bonus and £5.7 million in long‑term share awards, with his base salary set to rise to £1.54 million on May 24.
- The retailer reported £3.15 billion in earnings and 4.6% sales growth to £66.6 billion, giving it the strongest market share in more than a decade.
- After cutting food waste by 24% against a 50% goal, Tesco will remove the food‑waste target from its three‑year performance share plan for executives.
- Following those results, workers received a 5.1% pay rise and shared a £65 million bonus, while the Court of Appeal rejected Tesco’s challenge in a long‑running equal‑pay case.