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Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.
Britain's accounting watchdog said on Monday it had launched an inquiry into PwC over its auditing of Tesco's accounts.
Retail sales growth in the U.K. accelerated at its fastest pace in almost 26 years – just as the industry is preparing itself for major downsizing.
European shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.
Shares in embattled Tesco fall 15 percent after the supermarket warned that its full-year profit for this year would not exceed £1.4 billion.
European shares closed flat on Tuesday as investors digested revised third quarter GDP data from the U.S.
German discount grocery chain Aldi is considering entering China as it seeks growth outside its traditional markets, according to a German magazine.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
Indian retailers are struggling to keep up online as e-commerce garner large investments.
Supermarket chain Sainsbury's reported half-year underlying pre-tax profit fell 6.3 percent to £375 million ($596.8 million).
European stocks ended the day in the green on Tuesday afternoon, after fluctuating throughout in the day.
European shares closed higher on Monday, with Carlsberg among the biggest gainers after reporting earnings.
All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.
U.K.'s Serious Fraud Office confirmed it has formally launched a criminal investigation into accounting practices at Tesco.
European shares traded lower, amid concerns about the results of Europe's bank stress tests and the first Ebola case in New York.
European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.
Tesco's earnings statement reveals that the UK supermarket giant had overstated profits for the first half of 2014 by £263 million.
Warren Buffett is happy to admit his mistakes when he makes them—just don't remind him how much money he lost in the process.
Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.
New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.