Richard Perks, director of retail research at Mintel International, says Tesco has been doing "all the right things", but these measures won't have paid off yet, due to the horse meat scandal.» Read More
Thailand's richest man bid $6.6 billion to buy cash-and-carry wholesaler Siam Makro from Dutch firm SHV Holdings, the biggest Asia-Pacific M&A deal this year.
Tesco wrote down the value of its global operations by $3.5 billion and announced plans to exit the U.S., after a year in which profit fell for the first time in two decades.
Laurie McIlwee, CFO of Tesco, talks to CNBC about why the company failed in the US and what their growth strategy is in Europe.
Stewart Richardson, partner at RMG Wealth Management, tells CNBC that the UK consumer is in a difficult place and the government must do more to help the private sector.