Supermarket giant Tesco reports £6.4bn annual loss following disastrous year

The full-year loss is believed to be one of the largest in UK corporate history, and includes a £3.8bn write-down after a review of its portfolio.

Fergus Trim, Broadoak Asset Management director

Two more panel members announced for North East devolution breakfast

Developer Fergus Trim and Luke Raikes, from the IPPR North think tank, will be on the panel at event organised by The Journal


Barratt Developments's John Allan appointed new chairman of Tesco

Tesco's new chairman John Allan will resign from the boards of Dixons Carphone and Royal Mail to take up the post

Tesco store in Bedlington

Tesco store closures put 123 North East jobs at risk

Usdaw union to enter 'full and 'meaningful consultations', seeking redeployment opportunities for staff

Tesco updated

Blow to North East towns as three planned Tesco supermarkets scrapped

The supermarket giant has pulled out of plans to open 49 new stores across the UK, including stores in Amble, Peterlee and Stanley

Tesco Extra in Saughton, Edinburgh

The decline of Tesco: how did the world beater end up in crisis?

Tesco supermarket is being squeezed by discount retailers but its crisis is being felt firmly in the North East

PM David Cameron, with Alan Beith MP and Conservative candidate Anne Marie Trevelyan next to the A1, north of Morpeth, Northumberland

The Journal Opinion: Who gets the credit for dualling the A1 in Northumberland?

  • A1

The Journal's opinion column for Tuesday, December 2, in which we took beyond the politicians' chest-puffing to the A1 fight that is still to come


The week to come in business

Sainsbury's and Vodafone will report results this week

Fenwick in Newcastle

Newcastle department chain Fenwick welcomes newcomers to the board

Christine Cross and Alastair Kerr both have a wealth of retail experience and have joined Fenwick

Sports Direct

Mike Ashley's Sports Direct enters into put option agreement with Tesco

Sports Direct - owned by NUFC owner Mike Ashley - is gambling on Tesco's fortunes rising


Britain's biggest grocery chain Tesco admits overstating profits by £250m

A number of members of staff have been suspended at supermarket giant Tesco amid an overstatement of profits

Quorum Business Park

Investment deals top £100m at CBRE in first half of 2014

A bumper six months at property firm CBRE confirm growing investment in the North East, the firm said

The directors of the AMA Group outside the Peterlee factory

Tesco team up with County Durham's AMA Group

A new County Durham clothing firm has secured its first contract - and it's a big one

Russell Croisdale managing director of Encore Envelopes

Packaging business Encore Envelopes impacted by drop in mailings

A decline in UK mailings has led to a drop in sales and profits at Encore Envelopes.


Tesco under fire for selling New Zealand lamb at the height of the British lamb season

Despite its promises to back British farming, supermarket giant Tesco is selling imports, saying it cannot guarantee consistency of UK supply

Tesco is the dominant supermarket across the UK

Which supermarket is winning the battle for North East shoppers?

New data shows a surprising result in Newcastle of who is winning the battle for your weekly shop

Tesco Metro in Durham City Centre

String of licence conditions for Tesco Metro in Durham after store serves white wine to 16-year-old girl

Durham County Council's licensing committee heard the supermarket served teen alcohol and shrugged off lack of ID

Tesco Metro in Durham City Centre

Alcohol licence could be revoked after Tesco Metro in Durham sells wine to 16-year-old girl

Durham County Council is to carry out a review of Tesco Metro in the city centre after it was found to have sold wine to a 16-year-old girl

Tesco are sponsoring National Vegetarian Week

National Vegetarian Week: Supermarkets are super for veggies

As National Vegetarian Week continues, Ami Tadaa offers a guide to the best veggie and vegan stuff on the shelves

Tesco at Kingston Park

Tesco set for another profit fall

Tesco is set to reveal a second year in a row of slumping profits on Wednesday, piling further pressure on embattled chief executive Philip Clarke


David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer