Currys and PC World owner DSG International is expected to announce hundreds of store closures that could put jobs at risk under turnaround plans due to be unveiled this week, reports said today.

UK Currys owner DSG International today issued another profits warning after it said increased promotional activity had impacted on trading margins.

Fears of a “brain drain” at supermarket giant Tesco were reinforced today after news of the group’s third key executive departure in two weeks.

Currys owner DSG International unveiled a rising star of Tesco’s management team as its new chief executive today.

Supermarket chain Tesco took record sales over the internet in the run-up to Christmas as the consumer spending spree went online.