Tesco has been claiming significant progress in the turnaround of its UK supermarket business, yet its share of the grocery market slipped to 28.2% for the latest 12 week period, according to Kantar Worldpanel.

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Advertisers UK supermarket Tesco was back in the black again after what CEO Dave Lewis billed as "a year of significant progress". However, he warned that the group was likely to fall short of consensus

Tesco is finalising terms for the sale of its single biggest international subsidiary, the Homeplus retail group in South Korea, with revenues in excess of £5bn. Trading there has weaked significantly,

notably Tesco, but as a result of their exclusion from "better" stores, they were increasingly perceived as low-class. In the early 1970s, even Tesco pulled out of the scheme to fight off competition

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Also in the UK, Tesco's new CEO Dave Lewis recruited Matt Davies, previously head of bike retailer Halfords, to lead the retailer's core UK division. Davies' predecessor was one of several dismissed last