Tesco chief executive Dave Lewis announced plans yesterday to staunch the haemorrhage of customers and sales from its UK and Irish operations.Most of (...)

Even after the recent profit warnings Tesco was expected to deliver operating profits of around £1.1 billion for the first half of its trading year. That figure is now reduced by 23 per cent. Photograph: EPA/Will Oliver

Every Little Helps. Tesco’s long-standing tagline is one of the most recognised in advertising. But as chief executive Dave Lewis assesses the impact (...)

Tesco said its profit overstatement related to a trading update at the end of last month, when it unveiled its biggest profit alert
 and cut its dividend and slashed planned investment
. Photograph: Peter Macdiarmid/Getty Images

Tesco, Britain’s biggest retailer and one of its great corporate success stories of the past decade, has been thrown into turmoil after disclosing (...)

 Marks & Spencer chief executive Marc Bolland addresses the retailer’s AGM at Wembley stadium yesterday. Photograph:  Oliver Dixon/Imagewise/PA Wire

Shareholders in Marks & Spencer gathered at Wembley Stadium yesterday to air their views on the burning issues of the day, from comfy slippers to (...)

Mike Coupe (53):  “Coupe represents continuity for Sainsbury’s, something that may reassure investors who will be a little disconcerted by change,” said Shore Capital analyst Clive Black, who maintained a “buy” recommendation on Sainsbury shares.  Photograph:   Bloomberg

Justin King will step down as chief executive of British grocer J Sainsbury in July after a decade at the helm, with the company opting for continuity(...)