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The Latest Breaking News from Tesco

Tesco 'admits defeat' as it sells bank arm to Barclays in £700m deal

Tesco has sold its banking arm to Barclays in a £700 million deal that signals a wider retreat from financial services by the big UK grocers.

Evening Standard

Tesco to sell bulk of banking business to Barclays for £700m

About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded services

The Guardian - UK

FTSE 100 Live 9 February: London index ends week down again, S&P closes above 5000, Barclays buys Tesco Bank

Dealmaking in the City continues to enjoy an upturn after two property firms today unveiled a tie-up that will create a venture big enough for the FTSE 100 index.

Evening Standard

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Best rug cleaner sprays to treat stains without damaging your rug, tried and tested

Stain and spill solutions to make your rugs and carpets look like new

Evening Standard

‘It’s still disruptive’: why the Co-op’s first female boss has big plans for expansion

Shirine Khoury-Haq has faced hard times and family tragedy in a career that has taken her from working in Pizza Hut to the head of the boardroom

The Guardian - UK

Tesco cuts ties with food waste processor after row hits progress on environment

Unwanted items the supermarket thought would feed animals were used to generate energy

The Guardian - UK

Sir Rod Stewart pictured shopping at local Tescos as he launches own whisky brand

The Maggie May crooner didn't exactly dress down for the occasion as he happily posed for snaps with supermarket workers

Evening Standard

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Buying bigger packs may not get best deal in UK supermarkets, says watchdog

Stores should make pricing for each unit clearer, says Competition and Markets Authority

The Guardian - UK

Which UK High Street Shops Will Close In 2024?

With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.

International Business Times UK

Best budget whiskies to drink in 2024 to get a great taste for less

‘Deich’ delightful drams that don’t distress your digital deposit

Evening Standard

How to spot a bargain bottle of wine – whether it’s £7 or £40

There isn’t a clear formula for quality and cost. But you can find good value if you know how and where to look

The Guardian - UK

Best dry white wines for a crisp, refreshing taste, from Sauvignon Blanc to Riesling

From Chenin Blanc to Chardonnay, here’s what we’ll be sipping throughout 2024

Evening Standard

Red wines to beat the January blues

These dark days require rich wines with robust flavours to warm your spirits

The Guardian - UK

Paying more for less: Which? lays bare size of ‘shrinkflation’ and ‘skimpflation’

Study highlights products whose pack size or amount of expensive ingredients have gone down but not price

The Guardian - UK

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Evening Standard

Maybe banking is harder than it looks

City Comment: Supermarkets tried and failed to disrupt the sector

International Business Times UK

Major UK Supermarkets Slash Prices on Aptamil Baby Formula Amidst CMA Investigation

This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.

The Guardian - UK

Ocado retail arm returns to profit amid sales rise as it offers more M&S food

Online grocer says price matching with Tesco and better service helped improve bottom line

The Guardian - UK

Major human rights violations at Del Monte farm in Kenya, report finds

Exclusive: summary sent to UK supermarkets describes conflict between pineapple thieves and Del Monte security staff

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The Guardian - UK

How could I have bought Russian chickpeas in Tesco?

I’m confused about the origin of some products as dried chickpeas from Sainsbury’s don’t say where they’re from, but some basmati rice does

The Independent UK

Tesco accepts smaller vegetables in bid to help flood-hit farmers

Farmer reports race against clock to pull vegetables from ground before they rot after growing underwater due to flooding

The Guardian - UK

Supermarkets agree to accept smaller veg from rain-soaked UK farms

Growing of sprouts, cauliflower, cabbages and leeks made harder by poor weather and flooding

The Guardian - UK

Cheap and cheerful winter red wines

Some supermarkets are discounting bottles during Dry January, possibly in the hope of luring wine drinkers into discovering a new favourite

Evening Standard

The rise of middle-class shoplifting and how it became an epidemic in London

Yoga, lunch at Daylesford, then a spot of shoplifting? Kate Wills reports on the sharp increase in shoplifting among the middle classes, and how retailers are planning to crackdown

Evening Standard

Banned adverts: Brands that took it too far, after FKA twigs' Calvins ad

Some brands don't quite hit the mark with their adverts, resulting in the content being banned

Creative Bloq

This humble tin of fish expertly demonstrates stylish functional design

It's causing a splash online.

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