Suppliers can expect a better deal from Britain’s biggest supermarket chain as Tesco tries to sustain a tentative revival — providing that their wares survive a cull that is removing thousands of products from shelves.

British supermarket Morrisons has been saved at the last minute from being kicked out of London’s blue chip index after its first rise in sales for nearly 18 months sent shares surging.

Marks & Spencer has raised hopes that it has finally rediscovered a winning formula. Yesterday, it reported a rise in annual profit for the first time in four years and its intention to return excess cash to shareholders.

A fresh decline in clothing sales piled more pressure on Marks & Spencer boss Marc Bolland today after a Christmas beset by online delivery problems.

Tesco will reveal a steep fall in half-year profits next week in the wake of a catalogue of disasters including a £250m accounting error that has seen eight of its executives suspended.

The financial watchdog in Britain has launched a full probe into the Tesco accounting scandal, which has wiped £4bn (€5.1bn) off the troubled grocer’s stock market value.

Tesco has been plunged into fresh turmoil following the suspension of four UK executives while it investigates a £250m over-statement of profits.

Tesco has launched an investigation after revealing that its guidance on half-year profits was overstated by around £250 million.

Half of British households shopped at Aldi or Lidl at least once over the summer as the discounters kept up their pressure on the “big four” supermarkets there.

Debenhams, the UK’s second- largest department-store chain, became the first victim of increased holiday discounting by Britain’s retailers as it said profit will drop in the first half of the financial year.

Supermarket giant Tesco has revealed plans to bolster its upmarket credentials by sponsoring hit period drama Downton Abbey.

Marks & Spencer reported sharply contrasting fortunes today as buoyant trading in its food halls helped offset more dismal sales figures in clothing.

Supermarket giant Tesco will unveil its first fall in profits for nearly 20 years today as weaker international sales add to its floundering UK performance.

Supermarket giant Tesco will unveil its first fall in profits for nearly 20 years tomorrow as weaker international sales add to its floundering UK performance.

Tesco is to spend £40m (€49.7m) to exit its Japanese business after admitting defeat in its nine-year push to become a major player in the country.

Two of Britain’s biggest pub chains will reveal this week whether April’s washout weather hit sales, while bakers chain Greggs will be quizzed about how it plans to deal with the so-called pasty tax.

A MANAGEMENT buyout of Irish-owned food group Greencore is looking an increasingly likely possibility, according to one British-based market analyst.

FOOD manufacturer Greencore could yet be partly acquired by its own staff, with London-based Shore Capital Stockbrokers yesterday assessing that a management buyout was still one clear possibility.

News of changes at the top of banking giants Barclays and HSBC received a lukewarm response from investors today as the wider market ended its recent strong run.

A more detailed picture of trading conditions in the UK over the Christmas period will emerge this week when high profile retailers including Marks & Spencer and Sainsbury’s post trading updates.

Supermarket giant Tesco reported its worst Christmas in almost 20 years today as it wrestled with difficult markets at home and abroad.

Deepening economic gloom has forced supermarket giant Tesco to scale back UK sales estimates, it emerged today.

More British retailers today succumbed to the dire trading conditions being seen on the high street amid gloomy news of company administrations and poor sales figures.

Flora-to-Persil firm Unilever today said it had chosen the boss of Nestle’s Americas division as its next chief executive.

Dairy operator Robert Wiseman raised hopes today that it had got to grips with soaring overheads and the recent shake-up in the supermarket milk sector.

Shares in Sainsbury’s surged more than 5% today as speculation circulated in London that it may soon face a takeover bid.