FTSE 100-listed retailer will cut 600 back office jobs and 1,400 in-store clerks as it looks to save £500m.
British grocers are mounting a spirited defence of their market share, according to Moody's.
Report says supermarket has called in consultants McKinsey to help with cost reduction plans.
Tesco outperforms fellow 'Big Four' rivals in four weeks to 15 July, as sales at discounters soar over 15%.
Toby Peters, Founder of Dearman, discusses his strategy for selling disruptive technology in a conservative market.
A range of stocks - from retailers to miners - where in favour with traders after the clear parliamentary result in France.
Pound falls to a six-week low amid the latest blow to Theresa May's campaign.
A weaker pound also attracted traders to the international nature of firms on the index.
Rate of growth in sales at UK supermarkets hits 3.7% in April, the highest level since September 2013.
Supermarket giant records 0.6% decline in like-for-like sales as underlying profits before tax fall 1%.
Tesco, Sainsbury's and Morrisons all lower as traders fear tight budgets may renew supermarket price wars.
Shares in Sainsbury's lost ground after losing market share in a poll by Kantar Worldpanel.
BP is a strong riser in the top flight after it sells North Sea pipeline to rival Ineos for $250m.
Stocks with significant South African operations slump after President Jacob Zuma sacks finance minister.
International Trade Secretary says Doha and London could be natural allies post-Brexit.
Top flight shares get off to a slow start after hitting two record highs last week.
Miners and oil stocks make strong gains as markets rise across Europe.
Britain's second-largest supermarket records 0.5% decline in like-for-like sales in the fourth quarter.
Customers found it hard to change their habits in pilot to tackle 7million tonnes of food waste costing £7.5bn.
Other employees to face major changes to their working hours.
Britain can no longer be considered best performing large economy last year say official sources.
Europe's largest bank said profit slumped by 62% over "significant and largely unexpected economic and political events".
Traders weigh up the protectionist measures White House may have in store for US economy.
Tesco gets its mojo back with a heavyweight deal for the county's largest food wholesaler.
Traders sell Frankie & Benny's owner on fears over rising costs and new menus.
BT stock plunges more than 18% after it warns an accounting scandal at its Italian business has hit £530m.
A higher pound and President Trump's "America first" inauguration speech knocks London market.
David Tyler asked Sainsbury's suppliers for help with refurbishing his country retreat in Sussex.
Market continues its bull run, buoyed by a weak pound and promises of a $1trn US stimulus package.
Strong Christmas sales figures from Morrisons sees top-flight shares surge.