Tesco finance chief 'set to quit'

Tesco’s under-pressure boss Philip Clarke is facing a fresh blow amid reports the group’s finance chief is poised to depart ahead of annual results in less than two weeks.

Laurie McIlwee, who has been with the group for 14 years, is understood to be planning to hand in his resignation imminently following shareholder pressure and as speculation mounts over clashes with boss Mr Clarke over strategy.