Tesco issues profits warning

Struggling supermarket giant Tesco capped a disastrous year today by warning that profits will be significantly short of expectations.

Tesco issues profits warning
Tue, 09 Dec, 2014 - 07:29

Struggling supermarket giant Tesco capped a disastrous year today by warning that profits will be significantly short of expectations.

The company said trading profits for the year to February will not exceed ÂŁ1.4 billion, compared with City forecasts for a figure of more than ÂŁ2 billion.

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