Update: Tesco rebounds as it ends Marmite row with Unilever

Warning on food price inflation

Shares in Tesco have rebounded in early trading as it emerged last night the supermarket had come to an agreement with Unilever over product pricing, after the consumer staples giant reportedly attempted to hike prices by 10%.

Tesco shares climbed 3.9% to trade around 202.6p at 10.25am this morning, after retreating 2% yesterday. The grocer locked horns with Unilever after the group is understood to have demanded a 10% increase in consumer prices due to the devaluation of the pound post-Brexit. Tesco is resisted the move and threatened to take some of its premium brands off the shelves, such as Marmite, Hellman's Mayonnaise and Ben & Jerry's ice cream and began to run out of stock of the household names. Although the groups said last night the dispute had been resolved, no details were given of the terms...