Analysts at Bernstein valued the Asian business at £6.5 billion to £7.2 billion.

Shares in Tesco jumped nearly 6 per cent in early trading at one point on Monday after Britain’s biggest retailer said it was considering a sale of it(...)

Walmart would receive almost £3 billion in cash and 42 per cent of the combined business in return for selling Asda to Sainsbury’s. Photograph: Chris Ratcliffe/Bloomberg

J Sainsbury, the UK’s second-biggest food retailer, has struck a deal to take over Walmart subsidiary Asda, creating Britain’s biggest grocer by marke(...)

Sainsbury’s revenue continues to decline amid record deflation as food retailers cut prices to keep up with discounters Aldi and Lidl. Photograph:  Anthony Devlin/PA Wire

Supermarket group J Sainsbury predicted a return to outperforming the UK sector after the first improvement in sales volume for more than a year. The (...)

Tesco chief executive Dave Lewis: “The bit that is interesting is that that I have never run a shop in my life.” Photograph: EPA

The new boss of Tesco won’t have much time to talk to journalists over the next few months as he battles to get the supermarket group into some sort o(...)

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(...)