Tesco will close its Cardiff call centre will close on Friday with the loss of 1,100 jobs despite the efforts of unions to reverse the decision.
Tesco's £3.7bn takeover of food wholesaler Booker suffered a blow after the former's shareholders were advised to vote against the tie-up by advisory firm Institutional Shareholder Services on Thursday.
Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.
Up to 200,000 of Tesco's female store workers could demand up to £4bn in total from the supermarket group by claiming they were paid less than their male counterparts, after a legal bid was launched on behalf of 100 workers.
The fraud trial of three former Tesco executives has been abandoned after one of the defendants suffered a heart attack.
Supermarket sales increased in value by 3.4% in recent weeks thanks to grocery inflation and a trend for veganism, with the 'big four' groups continuing to lose market share to discounters Lidl and Aldi.
Tesco confirmed that Booker Group boss Charles Wilson will be appointed chief executive of the group's retail and wholesale operations in the UK and Ireland when the takeover is completed, which is pencilled in for 5 March.
Croda International plc: Berenberg upgrades to buy with a target price of 5,000p.
Tesco has today announced changes to simplify its operational structures, improve efficiency and give line managers clearer accountability for colleague and customer experience.
Tesco has announced plans to simplify its operational structures that will affect 1,700 jobs.
Sainsbury's and its large supermarket rivals are likely to deliver "zero growth" in 2018, warned Credit Suisse as it downgraded the orange-liveried grocer to a 'neutral' rating.
Ofcom published its latest data on the volume of consumer complaints it received against major providers of telecoms and pay-TV services on Friday, revealing a slight uptick in the number of grievances levelled against landline and television providers.
SSP: JP Morgan upgrades to overweight with a target price of 765p.
Tesco reported fairly strong sales growth in the run-up to and including Christmas, though still fell slightly short of City forecasts.
A mixed bag of cyclicals and more defensive issues led to the downside at the start of the week, amid a smattering of company-specific news and a strengthening pound.
Two people are understood to have been killed after Iranian security forces reportedly opened fire on anti-government demonstrators on Saturday as the largest protests seen in the country since 2009 continued for a third day. Reports of the two deaths were were posted on social media. There was no official confirmation of the fatalities but the posted images appeared to show several bodies being carried away after clashes with police in the western city in Dorud. - The Sunday Telegraph
The competition regulator has cleared Tesco's contentious £3.7bn takeover of Booker after a seven-month investigation.
As food inflation hit its highest level in four years, Tesco and Sainsbury's enjoyed the strongest sales growth of the big four supermarkets in recent weeks, though the quartet continued to lose market share to discounters.
Tesco: Goldman Sachs upgrades to Buy from Sell.
Tesco and Morrisons were boosted by upgrades from Goldman Sachs, which upped its forecasts for both supermarkets as wages track below food price inflation for the first time in four years.