Supermarket giant Tesco said today that UK sales growth almost ground to a halt in the last three months as the grocer wrestled with plunging food inflation.

Supermarket giant Tesco today unveiled a 10.1% rise in annual profits to a record £3.4bn (€3.86bn).

Tesco said today that it had its best Christmas for three years as it reported a 4.9% rise in Ireland and UK like-for-like sales excluding petrol and adjusted for VAT.

Supermarket giant Tesco today announced the appointment of Laurie McIlwee as Group Finance Director.