Tesco under pressure to deliver

Tesco boss Philip Clarke will face pressure to deliver on his £1 billion turnaround plan today when annual results are expected to reveal a sales slowdown and the first fall in annual profits for 20 years.

Tesco boss Philip Clarke will face pressure to deliver on his £1 billion (€1.16bn) turnaround plan today when annual results are expected to reveal a sales slowdown and the first fall in annual profits for 20 years.

The UK’s biggest supermarket reports back after a difficult few months following the horse meat scandal, with analysts concerned that Tesco’s recent UK sales rebound may be running out of steam.