TESCO Ireland looks for price cuts from UK suppliers

Tesco Ireland has confirmed that it held a meeting with its UK suppliers about two months ago seeking price cuts in order to reflect the recent surge in value of the euro against sterling.

 Since then a number of individual
meetings have been held and about half of the suppliers have agreed
to adjust their prices while other reductions are in the pipeline.
About 1,250 prices have been reduced at Tesco's 105 stores in Ireland
over the past six weeks as a result of this move, according to the
retailer.