tesco

Nick Kirrage has begun adding supermarkets to the £1.5bn Schroder Income fund he co-manages with Kevin Murphy, expecting a significant boost to dividends in the long term.

Marlborough's Richard Hallett has pointed to retailers ASOS and Tesco, two of the worst performing UK-listed stocks this year, as potential turnaround stories.

Tesco is considering selling a stake of its Tesco Bank division for up to £1bn in order to shore up its balance sheet.

Retailers and miners come under the spotlight as Investment Week counts down the ten scariest stocks of the year so far.

The return of value?

The Serious Fraud Office (SFO) has launched a criminal inquiry into Tesco after its accounting failure led the firm to overstate profits by £263m, according to reports.

The bad news continued for embattled retailer Tesco yesterday after its credit rating was downgraded by two key agencies.

Tesco has scrapped its full-year trading update and its chairman is to step down as it deals with the fallout from the accounting scandal which left a £263m black hole in its balance sheet.

An investigation into Tesco's profit overstatement has uncovered evidence of "inappropriate behaviour" by staff, although the shortfall may be less than first feared, according to reports.

Other large caps may follow Tesco in cutting dividends