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Tesco

Business

Weak pound prompts price punch-up between Tesco and Unilever

Top UK retailer Tesco has settled a fight with consumer goods producer Unilever over price rises prompted by the weak pound following the Brexit vote.

Top UK retailer Tesco has settled a fight with consumer goods producer Unilever over price rises prompted by the weak pound following the Brexit vote.

News

Price row prompts shortage of Marmite, the UK's stalwart food

The UK's largest supermarket chain Tesco and one its major suppliers, Unilever, have settled a price war on more than a dozen products.

The UK's largest supermarket chain Tesco and one its major suppliers, Unilever, have settled a price war on more than a dozen products.

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

Business

Retailer Tesco's profit falls again amid European writedowns

Tesco, Britain’s biggest supermarket chain, has again posted a fall in annual profit and said it expected tough times to continue. Trading profit

Tesco, Britain’s biggest supermarket chain, has again posted a fall in annual profit and said it expected tough times to continue. Trading profit

Business

UK supermarket giant Tesco set to become first to open in India

British supermarket giant Tesco is set to become the first foreign retailer to set up a chain of stories in India. India’s Foreign Investment

British supermarket giant Tesco is set to become the first foreign retailer to set up a chain of stories in India. India’s Foreign Investment

Business

Tesco retreats in China

Nine years after arriving there, British supermarket giant Tesco is to fold its unprofitable operation into a state-run company as a minority

Nine years after arriving there, British supermarket giant Tesco is to fold its unprofitable operation into a state-run company as a minority

Business

Sales slide shows Tesco's recovery stalled

Tesco, which is the world’s third largest retailer, suffered an underlying fall in quarterly sales of one percent in its main market – Britain

Tesco, which is the world’s third largest retailer, suffered an underlying fall in quarterly sales of one percent in its main market – Britain

Business

Writedowns slam Tesco's profits

Tesco is pulling out of its loss-making Fresh & Easy business in the US at a cost of almost 1.2 billion euros for restructuring and other one-off

Tesco is pulling out of its loss-making Fresh & Easy business in the US at a cost of almost 1.2 billion euros for restructuring and other one-off

News

Horse meat found in burgers in UK and Ireland

British supermarket chain Tesco has withdrawn a number of brands of frozen beefburgers from sale in the UK and Ireland after they were found to

British supermarket chain Tesco has withdrawn a number of brands of frozen beefburgers from sale in the UK and Ireland after they were found to

Business

Tesco likely to quit USA

Under pressure from its shareholders, Britain’s Tesco is reviewing its presence in the United States. The world’s third largest retailer will

Under pressure from its shareholders, Britain’s Tesco is reviewing its presence in the United States. The world’s third largest retailer will

Business

Tesco checks out of Japan

The British supermarket giant Tesco has admitted defeat in Japan and is pulling out of the country after an eight year attempt to crack the

The British supermarket giant Tesco has admitted defeat in Japan and is pulling out of the country after an eight year attempt to crack the

Business

Tesco moves to get its mojo back

One billion pounds is the amount British retailer Tesco wants to invest on winning back its UK customers. It is losing ground to its main

One billion pounds is the amount British retailer Tesco wants to invest on winning back its UK customers. It is losing ground to its main

Business

Tesco to open more stores with 20,000 new hires

British supermarket chain Tesco says it will open new stores and create 20,000 new jobs there over the next two years. The UK’s largest retailer —

British supermarket chain Tesco says it will open new stores and create 20,000 new jobs there over the next two years. The UK’s largest retailer —