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Tesco boss’s pay rises by more than £1m to £10.8m after market share surge
UK NewsBusiness•May 15, 2026 at 1:13 PMNational

Tesco boss’s pay rises by more than £1m to £10.8m after market share surge

By Sarah Butler•The Guardian - UK News

Ken Murphy’s pay could rise even higher following scrapping of food waste target and weakness of rivalsBusiness live – latest updatesThe boss of Tesco made £10.8m last year, about £1m more than the year before, as the UK’s biggest supermarket hit its highest share of the market in a decade.Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m and cutting food waste was scrapped as a target for his long-term bonus, according to Tesco’s annual report. Continue reading...

Ken Murphy’s pay could rise even higher following scrapping of food waste target and weakness of rivals

The boss of Tesco made £10.8m last year, about £1m more than the year before, as the UK’s biggest supermarket hit its highest share of the market in a decade.

Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m and cutting food waste was scrapped as a target for his long-term bonus, according to Tesco’s annual report.

Continue reading...