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Business

Tesco supermarket boss gets bumper pay packet for turnaround

British supermarket chain Tesco has paid its Chief Executive Dave Lewis a cash and shares bonus worth 3.8 million euros for turning around the retailer.

British supermarket chain Tesco has paid its Chief Executive Dave Lewis a cash and shares bonus worth 3.8 million euros for turning around the retailer.

Business

Tesco settles US shareholder lawsuit over 'accounting regularities'

Britain’s largest retailer Tesco has agreed to settle a US shareholder lawsuit claiming that accounting irregularities inflated its share price. The

Britain’s largest retailer Tesco has agreed to settle a US shareholder lawsuit claiming that accounting irregularities inflated its share price. The

Business

Tesco's profits slump as UK retailer tries to revive fortunes

Britain’s biggest retailer Tesco has reported a slump in first half profits of 55 percent – but says it’s on track to win back customers after

Britain’s biggest retailer Tesco has reported a slump in first half profits of 55 percent – but says it’s on track to win back customers after

Business

Tesco sells South Korean business to focus on UK market

Tesco is selling its South Korean stores for $6.1 billion (5.5 billion euros), as the British supermarket continues to pull out of foreign markets to

Tesco is selling its South Korean stores for $6.1 billion (5.5 billion euros), as the British supermarket continues to pull out of foreign markets to

News

Supermarket bans sugary drinks "to help cut childhood obesity"

British supermarket giant Tesco has announced plans to ban the sale of sugary drinks aimed at children. Brands such as Ribena and Capri-Sun will be

British supermarket giant Tesco has announced plans to ban the sale of sugary drinks aimed at children. Brands such as Ribena and Capri-Sun will be

Business

Tesco turnaround as sales decline less than expected

Tesco claim that sales have declined less than expected indicating a reversal in fortunes is around the corner. Britain’s largest retailer has

Tesco claim that sales have declined less than expected indicating a reversal in fortunes is around the corner. Britain’s largest retailer has

Business

Struggling Tesco announce supermarket closures in Hungary

Under pressure retail giant Tesco is to close 13 stores in Hungary in an attempt to secure the long term survival of its remaining 209 outlets in the

Under pressure retail giant Tesco is to close 13 stores in Hungary in an attempt to secure the long term survival of its remaining 209 outlets in the

Business

Troubled Tesco's turnaround plan revealed

Troubled supermarket chain Tesco has announced its turnaround plan. Britain’s biggest retailer will slash costs and close dozens of stores so it

Troubled supermarket chain Tesco has announced its turnaround plan. Britain’s biggest retailer will slash costs and close dozens of stores so it

Business

Tesco shares hit 14-year low after fresh profits warning

British retailer Tesco has issued a fourth profit warning for the year, so shares hit a 14-year low, losing some 17% at one point. The world’s

British retailer Tesco has issued a fourth profit warning for the year, so shares hit a 14-year low, losing some 17% at one point. The world’s

Business

Tesco accounting snafu now subject of criminal probe

A formal criminal investigation has been opened into accounting errors at Britain’s supermarket chain Tesco. The UK’s Serious Fraud Office will

A formal criminal investigation has been opened into accounting errors at Britain’s supermarket chain Tesco. The UK’s Serious Fraud Office will

Business

The nightmare continues for Tesco

Tesco has suffered more turbulent times as Britain’s biggest supermarket chain reported a much deeper than expected hole in its finances. The

Tesco has suffered more turbulent times as Britain’s biggest supermarket chain reported a much deeper than expected hole in its finances. The