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Guardian offers apology to Tesco in libel case

Guardian offers apology to Tesco in libel case

The Guardian newspaper has made an offer of amends to Tesco over a story it published.

In the article, it was alleged that the supermarket chain had set up a complex of offshore firms in order to avoid paying up to £1 billion of corporation tax on a series of property deals.

The libel admission came in defence papers filed to the high court in response to an action started by Tesco last month.

It follows a correction and apology published earlier this month by the Guardian.

However, the newspaper - which is owned by the Guardian Media Group - denies a claim of malicious falsehood which suggested that the story was a "devastating attack on [Tesco's] integrity and ethics".

A Tesco spokesman said: "We have received the Guardian Media Group's defence. This is a serious matter and we are considering our response," Accountancy Age reports.

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