Tesco, the supermarket, has attacked the proposed “competition test” to govern new store openings as “burdensome” and “misguided”.

Tesco seeks to boost bank arm

Tesco, Britain’s biggest retailer, is considering seeking a separate credit rating for its financial services arm to give it more clout for its aggressive assault on banking.

Dan Wagner ties up Tesco online

THE internet entrepreneur Dan Wagner is plotting a return to the stock market after Venda, his e-commerce venture, signed up a new contract to power Tesco’s fashion website when it launches this autumn.

Every little innovation helps

Sometimes it takes a market-leading brand to adopt an innovation for others to take the plunge.

Wide Eye drink complaint: Ct AG wants FTC to stop deceptive marketing

Attorney General Richard Blumenthal today called on the Federal Trade Commission (FTC) to stop dangerous and deceptive claims about Wide Eye — the latest alcoholic energy drink appealing to young drinkers — including the drink’s name.

Can’t make a cocktail? Here’s one we made earlier

James Bond would peer down at it, arch an eyebrow, look up again and, whether in growling Scottish brogue or perfect Queen’s English, inquire: “Just what on earth is that?”

Constellation’s quarterly profit slumps

United States-based Constellation Brands, which owns Australia’s Hardy Wine Co, has recorded an 85 per cent slump in its quarterly profit on a range of restructuring charges as the world’s biggest wine company by volume attempts to adjust its business model in the face of an economic downturn and an oversupply of grapes.

Asda unveils blueprint for future store model

Asda opened a mould-breaking store on Monday, which will be a blueprint for wide-ranging changes in other shops if successful.

Waitrose sales outpace Marks & Spencer food for first time

Waitrose managing director Mark Price has revealed that the grocer has overtaken Marks & Spencer in food sales for the first time in its 105-year history.

Sir Philip Green outlines plans for Bhs merger with Arcadia

Sir Philip Green has outlined plans for his merged Arcadia Group and Bhs business, which is almost complete.

Borders UK completes management buyout

Borders UK has been bought out by its management team, with backing from Valco Capital Partners.

New Look snaps up Borders stores

Fast-fashion retailer New Look is to take on five stores earmarked for disposal by beleaguered bookseller Borders UK, including its prominent flagship store on London’s Oxford Street.

Retail sales grow 1.4 per cent in June

Retail sales in June grew 1.4 per cent on a like-for-like basis helped by the heatwave across the country and clearance Sales.

Operator O2 may lose exclusive distribution of the iPhone

O2 could soon lose its exclusive deal to distribute Apple’s iPhone, it has emerged.

Carphone Warehouse considers becoming TV provider

Carphone Warehouse’s telecommunications business is considering becoming a television provider after buying the UK assets of telecoms company Tiscali.

BT returns call-centre jobs to Britain from India

BT will bring at least 2,000 call-centre jobs in India back to Britain as it prepares to close about half its customer service operation on the sub-continent, it emerged yesterday.