Tesco on the turn

No doubt rivals Sainsburys and Morrisons are rubbing their hands with glee at Kantar Worldpanel's announcement of a fall of 0.4pc in market share for Tesco.

But don't let the headlines cloud the facts: Tesco still leads by a mile, with almost a third of the total: a whopping 30.4% of grocery spending in the 12 months to 4th September; and that's before you take account of their global operations, like China, where I hear they're doing great guns.