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Tesco intends to return about £5 billion to shareholders via a special dividend after today's sale

Tesco sells businesses in Thailand and Malaysia

Tesco plans to return $6.6 billion to shareholders after it agreed to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of a plan to refocus on Britain.

Business • 09 Mar 20

Tesco plans to reduce the amount of products some bakeries make from scratch - with some set to only finish pre-baked goods

Tesco to cut 1,800 UK jobs in bakery overhaul

Tesco is to slash more than 1,800 jobs as part of changes to bakeries in its large UK supermarkets.

Business • 25 Feb 20

The CMA said Tesco has agreed to take remedial action for all affected land agreements

Tesco unlawfully stopped rivals from opening stores

Tesco unlawfully stopped major supermarket rivals from opening shops near its stores, the UK's competition regulator said today.

Business • 14 Feb 20

Growth in the Irish grocery market slowed to 1.3% in 12 weeks to January 26, new Kantar figures show

Growth in Irish grocery market slows to 1.3%

Growth in the Irish grocery market slowed to 1.3% in 12 weeks to January 26 - the slowest rate recorded since March 2017 - as the general election impacted consumer confidence.

Business • 10 Feb 20

Tesco CEO Dave Lewis had agreed to extend his tenure until September 30

Tesco forced to wait until October for new boss

Retailer Tesco will have to wait until October before its new boss can start after his former employer Walgreens Boots Alliance insisted he see out a non-compete agreement.

Business • 03 Feb 20

All of the major retailers achieved growth over the festive season, new figures from Kantar show

December grocery sales pass €1 billion for first time

The grocery market hit a new milestone over the Christmas weeks, as sales in December passed the €1 billion for the first time ever.

Business • 13 Jan 20

Tesco said it had outperformed its UK rivals after enjoying the biggest ever day of UK food sales in its history

Tesco reports 0.1% rise in UK Christmas sales

Retailer Tesco ground out a 0.1% rise in underlying sales in its home market during what it said was a "subdued" Christmas for consumer spending.

Business • 09 Jan 20

Labour is a part of the Chinse punishment process

Factbox: China's use of prison labour

China's prison labour practices are in the spotlight after a six-year-old in Britain found a Christmas card saying it had been packed by foreign prisoners who were victims of forced labour in a Shanghai jail.

Business • 24 Dec 19

Tesco suspended the Chinese supplier of Christmas cards on Sunday after the claims

Forced prison labour claims untrue - Tesco supplier

Allegations that a Chinese printing firm, which supplies supermarket giant Tesco, uses the forced labour of foreign prisoners are "completely fabricated", the factory's manager said today.

Business • 24 Dec 19

Florence Widdicombe said she was shocked when she read the card

Tesco withdraws cards over alleged 'forced' labour

Tesco Ireland has withdrawn Christmas cards from sale that were manufactured in a Chinese factory that is alleged to have used "forced labour".

World • 22 Dec 19

Dunnes Stores hangs on to its 22.8% share of the Irish supermarket market

Dunnes tops supermarket rankings again

Dunnes has retained its position at the top of the supermarket rankings with a 22.8% share of the market here in the 12 weeks to December 1.

Business • 16 Dec 19

Tesco has started a review of its businesses in Thailand and Malaysia

Tesco reviews Thailand and Malaysia business

Retailer Tesco has signalled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.

Business • 09 Dec 19

Protesters outside the Donabate Tesco centre

IFA stage beef protest at Tesco distribution centre

Members of the Irish Farmers' Association have staged a protest outside a Tesco distribution centre in north Co Dublin.

Ireland • 11 Dec 19

6.5% of Irish consumers have bought a mince pie already this year, a purchase worth €383,000 to retailers

€383,000 spent on mince pies already - Kantar

All of the country's major supermarkets recorded positive growth in the 12 weeks to November 3, with Dunnes again the largest retailer, new figures from Kantar show.

Business • 18 Nov 19

Dunnes has now been the country's biggest retailer for a full year

Dunnes keeps top spot in supermarket rankings

Brexit and the recent wet weather failed to dampen consumer confidence here over the last few weeks as grocery sales grew by 3.3% in the 12 weeks to October 6.

Business • 21 Oct 19

Irishman and former Boots executive Ken Murphy will take up the reins at Tesco next year

Tesco's new boss has something to build on

When Irishman Ken Murphy takes over next year as CEO of Tesco, he will inherit something current boss Dave Lewis did not have the luxury of when he joined in 2014 - a strategy and a stable business.

Business • 04 Oct 19

Tesco's chief executive Dave Lewis said he plans to step down next summer

Tesco CEO plans to step down next summer

Tesco said today that its chief executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, an executive at Walgreens Boots Alliance.

Business • 02 Oct 19

Dunnes has a 22.2% share of the Irish grocery market, new Kantar figures show

Dunnes retains top spot in grocery market share

New figures show that SuperValu and Tesco both held a 21.4% shares of the Irish grocery market in the 12 weeks to September 9.

Business • 23 Sep 19

Dunnes was the only one of the three traditional retailers to record year-on-year growth this period

Grocery sales slow down slightly in early summer

Grocery sales have slowed down slightly in the 12 weeks to 14 July compared to the same period last year, according to the latest Kantar figures.

Business • 29 Jul 19

Tesco CEO Dave Lewis said that if there is a problem with tariffs then there could be interruption to supplies

An October no-deal Brexit 'more problematic' than March

Leaving the European Union without a deal at the end of October would be more difficult than the original March deadline, the Tesco CEO said today.

Business • 03 Jul 19

Tesco says no timetable for 'finest' store launch

Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where a pilot will be launched.

Business • 19 Jun 19

Tesco said its group like-for-like sales rose 0.2% with like-for-like sales in its Irish operations rising by 1.3%

Tesco's sales growth slows in subdued UK market

Tesco said its sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather.

Business • 13 Jun 19

Consumers spent a total of €44m on Easter eggs leading up to Easter Sunday, new figures show

Easter boosts Irish grocery market by 4.1%

Sales in the grocery market here hit record levels as shoppers spent €208.2m in the Easter week alone, new figures show.

Business • 07 May 19

Tesco is introducing IFRS 16, the new financial reporting standard on accounting for leases, for its new 2019-20 financial year

Tesco says IFRS 16 would have boosted operating profit

Tesco said today that a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.

Business • 29 Apr 19

Tesco CEO Dave Lewis said almost every assumption made when he set recovery targets had been up-ended by events such as Brexit

Tesco's annual profits jump despite 'Brexit fatigue'

Tesco has announced a bumper full-year profits haul as the grocery chain continues an impressive turnaround under chief executive Dave Lewis.

Business • 10 Apr 19