The Week: Media news - Tesco ends Guardian suit

Tesco has pulled its libel and malicious falsehood action against The Guardian after the newspaper published a front-page apology and agreed to pay unspecified damages to a charity of Tesco's choice and costs.

The supermarket began the action in April after the paper alleged that it had created an off-shore corporate structure to avoid paying up to £1 billion in UK corporation tax profits. The paper admitted the allegations were "unfounded".