Tesco CEO Dave Lewis will take over running the grocer’s UK business on an interim basis from Robin Terrell, who had been in charge of the business since the company in September divulged the accounting irregularities. (Photograph: Aidan Crawley)

Tesco chief executive officer Dave Lewis will assume direct responsibility of the UK unit, the company’s biggest business, as the British retailer see(...)

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(...)

Failure to spot hole in first-hald profits  led to a £4 billion drop in Tesco’s market value. Photo: PA Wire

“Things are always unnoticed, until they’re noticed,” Tesco chairman Richard Broadbent said when asked how Britain’s biggest retailer had failed to s(...)

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(...)

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 (...)

Supervalu is breathing down Tesco’s neck in the race to be the Republic’s largest retailer.

Supermarket chain Tesco cut its profit forecast for the third time in three years and slashed its interim dividend by 75 per cent as tough operating (...)

Ross McEwan, chief executive officer RBS,  will take the flak over bankers’ bonuses  at the annual meeting. Photographer: Simon Dawson/Bloomberg

Shareholders are out in force this week as the annual meeting season continues apace, with gatherings scheduled for investors in Royal Bank of Scotlan(...)

Tesco’s former chairman criticises the legacy of the retailer’s previous chief executive. Photograph: Reuters

Tesco’s former chairman, Ian MacLaurin, attacked the legacy of the retailer’s previous chief executive Terry Leahy and told shareholders it could take(...)