Tesco is now forecasting adjusted operating profit of between £2.7bn and £3bn for its current financial year, compared with £3.1bn last year. The company noted that the lower profit target would give ...

Tesco is preparing to ramp up a supermarket price war as it seeks to fend off the threat of mounting competition from rival ...

European stocks rally as Trump delays tariffs, but UK supermarket shares tumble on fears of a looming price war. What are ...

Tesco has indicated a growing price war among UK supermarkets, with its chief executive, Ken Murphy, noting an ...

Tesco has signalled that a price war among UK supermarkets is mounting, as its boss pointed to an “intensification” of ...

Chief executive Ken Murphy also refused to rule out fresh job cuts as the supermarket targets a further £500 million in ...

In response, shares in Tesco fell 5.5% to 313.27 pence each in London on Thursday morning, while industry peer J Sainsbury was 4.2% lower at 225.80p each. By contrast, the wider FTSE 100 index was 4.1 ...

Tesco declares new supermarket price war to see off threat from Asda revival - Supermarket giants says it want “flexibility ...

The UK’s major listed supermarkets missed out on a post-crisis FTSE 100 bump this morning after Tesco’s full-year results ...

The supermarket said on Thursday that it has seen a ‘further increase in the competitive intensity’ across the industry.