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Tesco has revealed a £250M land sale

Tesco agrees £250M land sale

By Michael Stones

Tesco has agreed to the £250M sale of 14 land development sites across southern England, in a further sign that the supermarket race for space has come to an end.

Tesco faces a second financial probe, this time by the Financial Reporting Council

Tesco finances face new probe

By Michael Stones

Troubled supermarket giant Tesco faces a fresh probe into its accounts by the Financial Reporting Council (FRC).

Sainsbury said more than 50% of added retail space in the next four years will be in convenience formats

Analysts respond to Sainsbury results

By Rod Addy

Analysts have cautiously welcomed Sainsbury’s trading figures for the first half of its financial year, but claim the supermarket chain has a “mountainous challenge” ahead of it.

Sainsbury's results represented a watershed not just for the retailer but the whole grocery market, analysts said

Sainsbury results: the reaction

By Michael Stones

Sainsbury’s third consecutive quarter of falling like-for-like sales represents a watershed, not just for the beleaguered retailer but the whole fast-moving UK grocery sector, agreed most City and retail analysts. Here, we capture their verdict, at a...

Discounters such as Aldi look set to capture 11% of the grocery market by 2019, says IGD

Discount retailers to get stronger, says IGD

By Rod Addy

Discounters such as Aldi and Lidl are set to double their sales in the next five years, accounting for £1 in every £9 spent by 2019, according to grocery think tank IGD.

Tesco results delivered six key messages, said Morgan Stanley

Tesco results: six things you should know

By Michael Stones

Tesco’s latest results – featuring its 6% slump in operating profit – deliver six key pointers about the future direction of the business, including the prospect of sharper price competition, according to financial analyst Morgan Stanley.

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