Philip Clarke, the former chief executive of Tesco, will not face charges from the Serious Fraud Office (SFO) over the accounting scandal that rocked Britain's biggest retailer in 2014, his lawyer said on Monday.
Lower prices and more staff helped Tesco post a better- than-expected result over the key Christmas period, suggesting Britain's biggest supermarket chain may finally be recovering from several years of turmoil.
Tesco, Britain's biggest supermarket chain, has revamped its price-matching scheme to give shoppers instant reductions on branded goods at the till, the latest shot to be fired in the current price war.
Britain's biggest supermarket Tesco said it was trading ahead of expectations and outperforming rivals after a move to sacrifice profitability in favour of price cuts and better services won back customers.
Britain's biggest retailer, Tesco, is expected to report this week that operating profit more than halved in the first half of its financial year, raising questions about new management's turnaround plan.
Suppliers to Tesco can expect a better deal from Britain's biggest supermarket chain as it tries to sustain a tentative revival -- providing their wares survive a cull that is removing thousands of products from shelves.