Property venture

Tesco has entered into a property joint venture with British Airways Pension Fund to release £445m from its UK property portfolio. The deal includes 16 Tesco stores.

Strike is called off

Iceland was spared disruption in the week before Christmas after a 48-hour strike over a rejected pay offer was called off at its Enfield depot.

Asda sues Leighton

Asda is attempting to sue former chief executive Allan Leighton to recover £600,000 of tax. It was paid by Asda in error when Leighton cashed in his share options. It is thought Leighton paid the tax bill himself, but there is confusion over whether he received a tax office reimbursement due to the double payment.