Tesco boss Ken Murphy took £1m pay rise in grocer’s bumper year

cityam05-15

Ken Murphy has led drastic price-cutting schemes at Tesco to ramp up competition Ken Murphy, the boss of Tesco, took a more-than £1m pay rise this year, bringing his total pay packet to £10.8m in the ...

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22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/tesco-boss-ken-murphy-took-1m-pay-rise-in-grocers-bumper-year/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ken Murphy has led drastic price-cutting schemes at Tesco to ramp up competition Ken Murphy, the boss of Tesco, took a more-than £1m pay rise this year, bringing his total pay packet to £10.8m in the ...</p>\n\n<a href=\"https://www.cityam.com/tesco-boss-ken-murphy-took-1m-pay-rise-in-grocers-bumper-year/\">Source 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the year the grocer solidified its dominant position in the market.The chief executive of the supermarket giant’s total pay packet for the 2025/26 year included 1.5m in basic pay, a 3.4m bonus and a 5.7m long-term bonus which included shares in the company.The FTSE 100 grocer outperformed market expectations last month when it declared a bumper nine per cent profit jump to 2.4m before tax.Tesco has fought to retain its crown as the UK’s biggest supermarket in recent years, after suffering a huge slump around the turn of the century in which the grocer expanded into overseas markets and banking services.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","MUR":"墨菲石油"},"translate_title":"特易购老板肯·墨菲(Ken Murphy)在杂货商的丰收年加薪100万英镑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUR":1.5},"content_text":"Ken Murphy has led drastic price-cutting schemes at Tesco to ramp up competition Ken Murphy, the boss of Tesco, took a more-than £1m pay rise this year, bringing his total pay packet to £10.8m in the year the grocer solidified its dominant position in the market.The chief executive of the supermarket giant’s total pay packet for the 2025/26 year included £1.5m in basic pay, a £3.4m bonus and a £5.7m long-term bonus which included shares in the company.The FTSE 100 grocer outperformed market expectations last month when it declared a bumper nine per cent profit jump to £2.4m before tax. Tesco has fought to retain its crown as the UK’s biggest supermarket in recent years, after suffering a huge slump around the turn of the century in which the grocer expanded into overseas markets and banking services.\n\nMurphy’s pay packet for this year compared to a £9.8m total package last year, marking a ten per cent jump.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTesco boss pay tops £10mThe chief executive’s basic salary will jump by another three per cent to £1.54m later this month, on 24 May, trumped by chief financial officer Imran Nawaz’s eight per cent hike to £900k.Murphy replaced ‘drastic’ Dave Lewis as chief executive of the grocer in October 2020, and has hotted up competition with German discounters Aldi and Lidl through its price-match schemes.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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