Former Tesco chief executive Philip Clarke is reportedly set to be interviewed by England's Serious Fraud Office (SFO), which is investigating an accounting black hole at the supermarket.

Tesco paid £4.1 million to new boss Dave Lewis in his first six months after he was brought in from consumer goods group Unilever to turn around the embattled supermarket.

Tesco yesterday revealed the cost of its spectacular decline, with an annual loss of £6.4bn (€9bn), one of the biggest in British corporate history, and warned investors there could be more pain to come.

Tesco has reversed its decision to suspend more than £2m in severance payments to two former bosses as it seeks to avoid a costly legal battle over an accounting scandal that hit the supermarket last autumn.

The Serious Fraud Office (SFO) in the UK is reportedly poised to launch a formal criminal probe into Tesco following the supermarket's discovery of a £263m hole in its profit expectations.

Tesco has announced a 92% profits plunge and warned of more pain to come after the discovery of a worse-than-expected £263 million hole in its accounts.

New Tesco boss Dave Lewis will be under pressure over plunging profits and a £250m accounting scandal when the company publishes half-year results today.

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 UK City regulator has launched an investigation into a £250m overstatement of half-year profit by Tesco.

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.

Tesco replaced CEO Philip Clarke after first-half profit trailed expectations, the latest in a series of setbacks since the company veteran took the helm in 2011.

Tesco chief executive Philip Clarke is to quit as the boss of Britain’s biggest supermarket.

Shareholders at Tesco’s annual meeting yesterday berated the British retailer’s board for its low share price and poor results, and questioned whether management knew what it was doing.

Tesco is set to take on the UK's banking giants as it launches its first current account with a swipe at the “ridiculously poor value” offered by rivals.

Sales at Tesco Ireland fell 5.5% — on a like-for-like basis — in the three months to the end of May; the first quarter of the group’s financial year.

Tesco says its sales have fallen for a third quarter in a row across Ireland and the UK.

Britain’s biggest supermarket Tesco is expected to post a third successive quarter of worsening sales when latest trading figures are published tomorrow.

Sweets and chocolates are to be removed from checkouts at all Tesco stores in Ireland and the UK by the end of the year.

Major supermarkets are coming under increased pressure to have sweet-free checkouts after Tesco stole a march on them by removing sugary treats from the tills in all their stores.

FRANCE: A South African performance artist who tied a live rooster to his penis during an impromptu open-air show near the Eiffel Tower was found guilty of "sexual exhibitionism", but the court did not impose a sentence

Supermarket giant Tesco will launch an own-brand smartphone this year, as well as a new version of the Hudl tablet.

Tesco Ireland generated revenues of just under €3 billion last year, in what it called “a challenging trading climate”.

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.

Tesco CEO Philip Clarke only expects to do the job for “a few years” although he does not feel personal pressure from investors despite the market share of Britain’s biggest retailer falling to a decade low.

Below-cost selling and the rise of the discounters is hitting family retailers hard, writes Kyran FitzGerald.

Tesco’s recovery plans in the UK received a setback today as the supermarket chain reported a fresh dip in quarterly sales.

Tesco’s sales in Ireland fell €50m in the first half of the year, according to data from by the company, which has been struggling to turn its business around globally.

Tesco’s recovery plans will come under more scrutiny tomorrow when it delivers half year results amid mounting pressure on its market share in Ireland and the UK.

Tesco sales in Ireland fell by 3% in the first quarter of 2013 as the impact of the horsemeat scandal hit one of Europe’s largest supermarket chains.

Retail giant Tesco marked the end of the supermarket "space race" today as it scrapped more than 100 major store developments and admitted future growth would be focused more online.

Tesco boss Philip Clarke will face pressure to deliver on his £1 billion turnaround plan today when annual results are expected to reveal a sales slowdown and the first fall in annual profits for 20 years.

Tesco has denied it was slow to respond to the horsemeat scandal.

Tesco revealed its best UK sales growth in three years today as the chain’s drive to reverse falling profits gathered pace over Christmas.

Third quarter sales at the Irish division of international supermarket giant, Tesco, fell by 0.3% on a like-for-like basis; after having seen two consecutive quarters of growth.

Tesco signalled an embarrassing retreat from the US today and admitted a key part of its performance in the UK was still not good enough.

Tesco has reported its first group profit decline inalmost 20 years, but said its Irish operations performed well in the first half of its current financial year.

Tesco insisted its UK business was on the road to recovery today despite the supermarket giant’s first drop in profits in two decades.

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.

Under-pressure supermarket Tesco was dealt a further blow today as a key ratings agency placed the retailer on negative outlook due to lower profits and a weakening hold on the UK market.

Tesco Ireland has recorded its first full-quarter positive sales growth since 2010, despite the continued uncertainty in the economy.

Supermarket giant Tesco failed to win over investors with its £1bn plan to revive its UK arm today as the grocer followed world markets into the red.

Supermarket giant Tesco unveiled a £1bn (€1.21bn) revival plan today after admitting it needed to raise its game in the wake of a drop in UK profits.