Tesco: profits for the year are likely to come in at about £450 million – a huge turnaround on the £6.4 billion loss of the previous year. Photograph:   Rui Vieira/PA Wire

A year ago, Tesco posted one of the biggest corporate losses ever seen in Britain, a massive £6.4 billion plunge into the red. The record loss for t(...)

Britain’s retailers predict that almost 1m jobs in the sector — a third of today’s total — will disappear by 2025 as technology and the rising minimum wage reshape the industry. (Photograph:  Dominic Lipinski/PA Wire)

Britain’s retailers predict that almost 1m jobs in the sector — a third of today’s total — will disappear by 2025 as technology and the rising minimu(...)

Tesco also provided an update on its trading for the 13 weeks to November 28th, its fiscal third quarter, where like-for-like sales in its home market fell 1.5 per cent, which was also better than expected

Tesco said its Irish sales “turned positive” over Christmas , following better trading over the preceding year. The improvement came as the retailing (...)

Tesco said half-year earnings fell 55 per cent in the UK and Ireland Photograph: Rui Vieira/PA Wire

Tesco Ireland has reported a 3.7 per cent decline in like-for-like sales for the six months ending August 29th as it announced first-half revenues of (...)

Tesco: the agreement to offload its South Korean business knocks £4.23 billion off total borrowings. Photograph: Rui Vieira/PA Wire

Tesco, which announced the sale of its South Korean business on Monday, is also considering divesting its central and eastern European operations to f(...)

A Tesco supermarket is seen at dusk in an ‘art deco’ style building at Perivale in west London.

Tesco said it was taking “another step in the right direction” after its UK like-for-like sales fell by 1.3 per cent in the first quarter of the finan(...)

Tesco: The British retailer reported a 6.3 per cent fall in Irish sales for the 12 months to the end of February. Photograph: Rui Vieira/PA

Tesco Ireland has decided not to pay its staff an annual bonus following the poor performance of its business here. Last month, the British retailer r(...)

Tesco is facing a “substantial” shareholder damages claim in the UK over the £263 million (€369 million) profit overstatement.

Tesco is facing a “substantial” shareholder damages claim in the UK over the £263 million (€369 million) profit overstatement that plunged Britain’s b(...)

Tesco appears to have found a formula to stanch the alarming loss of customers that has afflicted its Irish and UK operations. Photograph: Simon Dawson/Bloomberg

After being recently toppled as Ireland’s largest grocer by market share, Tesco has again drawn level with SuperValu at the top of the league table, w(...)

After 32 years, PwC will step down as Tesco’s auditor. Tesco said in September it had overstated first-half profits by £250 million due to incorrectly booking payments from suppliers, a figure it later raised to £263 million. (Photograph: Phil Noble/Reuters)

Tesco, Britain’s biggest retailer, has named Deloitte as its new auditor, ending its 32-year relationship with PricewaterhouseCoopers (PwC) after an a(...)