Tesco reports sharp fall in sales

Tesco has reported a third consecutive quarter of falling sales as the UK's largest supermarket chain faces increasing competition from rivals.

Tesco pays the full price for failure to offer discounts

The supermarket business is conducted in the language of wars – price wars – so embattled Tesco boss Philip Clarke probably needs to channel his favourite military hero if he is to survive the barrage heading his way.

Tesco facing fresh turmoil after finance director resigns

Tesco was facing fresh turmoil on Friday as the supermarket confirmed that Laurie McIlwee, its embattled finance director, has quit just days before the company is expected to announce a new decline in profits.