Tesco pays the price for its optimism in US market
Tesco is hoping for a fresh start today after announcing it will divest its failing US chain and a string of properties in the UK at a loss.
Why are retailers rationing baby milk?
As it reaches a premium price in China supermarkets here are rationing baby milk powder to two cans per customer.
Tesco unveils tests to avoid future horsemeat scandals
The boss of Tesco has unveiled measures to avoid another horsemeat scandal, including buying more British meat and conducting its own tests.
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Analysts: Tesco CEO is making progress
Analysts at Panmure Gordon said that although Tesco's 2012 results do "not look good", CEO Philip Clarke's turnaround is making progress. They said:
What is important is that Tesco UK - 60% of group profits - is on the road to recovery and management's blueprint for the future has enough of the 'vision thing' to suggest that it will emerge as a winner.
With the announcement of today's full-year results, the focus will also be on the supermarket's decision on the US business, after it announced a review of Fresh & Easy in December.
Tesco could have failed to maintain Christmas profits
Tesco could see its first sales drop since the 1990s as the supermarket releases its full-year results today.
The chain has been in recovery mode since falling market share and intense competition prompted the its first profits warning in January 2012.
In April last year, CEO Philip Clarke unveiled a £1 billion overhaul plan to revitalise trading in the UK.
More recent trading is expected to show Tesco failed to maintain the bounce back achieved over Christmas when like-for-like sales rose 1.8%.
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Tesco could see first fall in annual profit in 20 years
Tesco's annual results are expected to reveal a sales slowdown and the first fall in annual profits for 20 years.
Analysts are concerned that recent the sales rebound for the UK's biggest supermarket could be running out of steam, after a difficult few months following the horse meat scandal.
Figures are expected to show underlying group profits slumping by almost 11% to £3.5 billion as the group also counts the cost of pulling out of the United States.
It is thought the company will quit the US where its 199-store Fresh & Easy business has never made a profit.
Why are retailers rationing baby milk?
As it reaches a premium price in China supermarkets here are rationing baby milk powder to two cans per customer.
Read the full storyTesco to cut diesel prices by up to 2p per litre
Tesco is to drop the price of its diesel fuel by up to 2p per litre from Tuesday morning, the supermarket announced today.
Peter Cattell, petrol category director at Tesco said:
"As Britain’s biggest fuel retailer with 496 forecourts, more motorists make savings at Tesco pumps than at any other fuel retailer, with the added benefit of collecting Clubcard points."
Six in 10 shoppers 'change habits' after horsemeat scandal
More than half of consumers have changed their shopping habits as a result of the horsemeat scandal, a survey for consumer group Which? has found.
It also found that public trust in the food industry has dropped by 24%, with 30% of those polled now buying less processed meat and a quarter (24%) buying fewer ready meals with meat in or choosing vegetarian options.
The results of the survey comes as supermarket giant Tesco announced it had withdrawn a line of its frozen meatloaf after tests revealed it contained between 2% and 5% horse meat.
Populus surveyed 2,064 UK adults online between February 22 and 24.
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The brands withdrawn over horsemeat fears to date
Many of the UK's biggest food firms and supermarkets have recalled beef products since January after tests found they contained horse DNA.
A first wave of tests found horse DNA in products including Aldi's special frozen beef lasagne and special frozen spaghetti bolognese, Co-op frozen quarter-pounder burgers, Findus beef lasagne, Rangeland's catering burger products, and Tesco Value frozen burgers and Value spaghetti bolognese.
A second wave of tests revealed contamination of Asda's chilled beef bolognese sauce, beefburgers, minced beef and halal minced beef sold by Sodexo, which supplies food to schools, care homes and the armed forces, and a Whitbread Group lasagne and beefburger.
The third round of tests revealed contamination of Bird's Eye Traditional Spaghetti Bolognese and Beef Lasagne, Taco Bell's ground beef and Brakes' spicy minced beef skewer.
Furniture retailer Ikea also withdrew wiener sausages in the UK last month after tests found "indications" of horsemeat, and it also withdrew a batch of its traditional meatballs.
The company said it was removing the sausages from sale in Britain, France, Spain, Ireland and Portugal after tests confirmed "a few indications of horse meat".
Today Tesco announced a fourth of its brands had tested positive for horsemeat
Tesco withdraws further product over horsemeat
Tesco has withdrawn its 'Tesco Simply Roast Meatloaf' from sale after it tested positive for between two and five per cent horsemeat. It is the fourth Tesco-branded product to test positive for horsemeat.
Tim J Smith, Tesco Group Technical Director, said: "Today we have withdrawn from sale a product which has tested positive for between two and five percent horsemeat.
"The product is a frozen Tesco Simply Roast Meatloaf 600g. The product tested was manufactured between October 2012 and January 2013 at Eurostock in Craigavon, Northern Ireland.
"Tests on 15 other lines from the same manufacturing site were clear of horsemeat. Our investigation to thoroughly understand the source of the contamination has started and we will complete our investigation before deciding whether to continue using the supplier.
"As part of our new DNA testing programme we have now tested more than 500 products identified as being most at risk of containing horsemeat. This is the fourth Tesco-branded product to have tested positive.
"We are very sorry that we have had a further product which has failed to meet the high standards we and our customers expect."
Talking about diabetes helps you learn says sufferer
There are thought to be 850,000 people who don not know they have type 2 diabetes.
A record breaking three million people have now been diagnosed with the disease, and experts are warning unless more is done to prevent the condition, the NHS could become burdened with unsustainable costs.
Diabetes sufferer Lynda Marks said dealing with the condition is much easier once you start talking about it.
She said: "It's difficult... to begin with."
'Biggest' diabetes public awareness campaign launched
The biggest ever public awareness campaign on Type 2 diabetes risk factors is being introduced, as health experts reveal that three million people in Britain have been diagnosed with diabetes.
Funds raised will help to pay for research into a vaccine for Type 1 diabetes as well as aiming to identify the 850,000 people in the UK who could be at risk from the condition.
The partnership between Diabetes UK and Tesco aims to provide information and advice to almost a million people with Type 2 diabetes, helping them to understand how to manage their condition.
Every year 24,000 people with diabetes die earlier than expected in England and Wales.
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