A Tesco store has been forced to put security tags on wire baskets after the 5p carrier bag charge caused a spike in thefts.Read the full story ›
Tesco profits are down 54.6% since last year, its interim results revealed.
Its group profits slumped to £354m from £799m in the first half of this year.
Profits in the UK and Republic of Ireland were hit harder, slowing by 69%.
Despite the fall in profits, like for like sales have held up, only down by 1.1%.
We have delivered an unprecedented level of change in our business over the last twelve months and it is working. The first half results show sustained improvement across a broad range of key indicators.
In the UK, we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment.
Nearly 70,000 packets of garlic bread slices worth £93,000 have been pulled from Tesco shelves after a probe found some were underweight.Read the full story ›
Tesco is reportedly planning to close some of its 24-hour stores at midnight in areas with low late-night shopping numbers.Read the full story ›
The supermarket made the change after getting feedback from customers who said they felt under pressure as they finished their shop.Read the full story ›
Tesco's like-for-like sales in the UK fell by 1.3% in the three months to May 30, the supermarket giant has announced.
The figures are an improvement on the previous quarter, when sales were down by 1.7%.
In the same quarter last year the UK decline was 4%.
Like-for-like sales for the UK and the Republic of Ireland were down 1.5%, while internationally there was a 1.3% decline.
Chief Executive Dave Lewis said the results were "another step in the right direction".
Tesco is trialling an app scheme to give away unsold food on a daily basis to charities such as homeless hostels and kid's breakfast clubs.Read the full story ›
Dave Lewis, the man tasked with turning Tesco's fortunes around, says the company can still succeed despite the growth of budget rivals.Read the full story ›
Tesco remains a "very strong business" and is doing the "right things" in working towards a recovery despite today's announcement of massive losses, an independent analyst has told ITV News.
Richard Perks, head of retail research at Mintel, pointed to recent positive signs, such as an increase in like-for-like sales in the final quarter, as a sign that new chief executive Dave Lewis was already turning the supermarket's fortunes around.
"I think they have acted impressively, really, to bring people back into those stores and shopping again," he said.