Green remains at Tesco

Reports earlier this week that Terry Green, Tesco's head of clothing, was in talks to jump ship to Marks & Spencer, have been invalidated by the supermarket giant. Tesco's commercial and trading director Richard Brasher told the FT that Green was staying on with the company he joined in the second half of 2005. "Our people always get lots of offfers," he said. "I would say to them that if they are not being offered jobs by other people, maybe I have got the wrong person (working for me). Terry Green is an employee of Tesco, he was then, he is now and that is it." Brasher further denied that Green had been convinced to stay with a promotion or pay rise.

News reports had suggested that Green was in talks with his longtime friend and former colleague, M&S's chief executive Stuart Rose, to head up the retailer's bloominng fashion division. Neither company would comment on the situation.