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Tesco's new discount chain Jack's will be 'cheapest in town' and focus on 'Britishness'

New chain will create up to 375 new jobs and will be cheaper to run, allowing it to offer lower prices, chief executive Dave Lewis said

Royal Mail chairman steps down after chief executive pay deal row

Shareholders rejected Rico Back's £640,000 salary - He also received close to £6m as a 'golden hello'

Tesco's Jack's has a silly name but it's a better bet to succeed than Asbury's

The Competition & Market's Autority serendipitously announced a fullscale investigation into Sainsbury's planned merger with Asda on the day Tesco formally launched its new discounter. Both are reactions to the disruption of the UK grocery market

Tesla rival Lucid gets breath of life from Saudi sovereign wealth fund

$1bn investment comes just weeks after Elon Musk said kingdom had ploughed money into his electric vehicle firm
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