It’s understood that Richard Broadbent, non-executive chairman of Tesco Plc, would consider resigning once an investigation into the company’s accounting practices is complete. (Photograph: Brent Lewin/Bloomberg)

Tesco is understood to have asked a fifth senior executive to step aside as it investigates an estimated £250 million over-statement of its first-half(...)

Tesco’s new chief executive, David Lewis. Photograph: PA

Sir Terry Leahy, the visionary architect of modern-day Tesco, will forever be linked with the blue of Everton. But David Lewis, the beleaguered superm(...)

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 (...)

Tesco logos sit on the handles of shopping carts, stored outside a Tesco Extra Supermarket. Tesco had its worst sales decline in two decades, Kantar Worldpanel data showed today. Photo: Bloomberg

Tesco had its worst sales decline in the UK two decades, Kantar Worldpanel data showed today, a week after Britain’s largest supermarket company sa(...)

Tesco chief executive Dave Lewis is expected to spend his first months at the retailer listening. Photograph: EPA

When Dave Lewis takes over as chief executive of Tesco in October, following the sudden ousting of Philip Clarke last week, he faces the task of reviv(...)

Planet Business

Image of the week: Clown and out This sad clown is a Mexican circus performer who has taken time out from the ring to protest against a law in (...)

Every little helps

Every little helps is the Tesco philosophy, and Tesco now needs every help it can get, as sales decline, as its chief executive Philip Clarke departs,(...)

Hasbro lost 3.3 per cent to $51.46. The toys and game maker reported second-quarter revenue that fell short of estimates. Photograph: Reuters

Shares fell across the globe as fighting erupted in eastern Ukraine, the first major eruption of violence there since a Malaysian airliner was shot do(...)

Unilever senior executive Dave Lewis who will replace Tesco chief executive Philip Clarke. Lewis will become the first outsider to run Tesco and will be tasked with turning around the ailing retailer.

The appointment of Unilever’s Dave Lewis represents a break from Tesco’s normal route of appointing the new boss from within its own ranks.Philip Clar(...)