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Profits slump for top retailer Tesco which has stores in Barton,...

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SUPERMARKET giant Tesco has announced its first fall in profits for almost 20 years.The company has also revealed it will pull out of America, where it has 199 Fresh & Easy shops that have cost £1.2bn.Statutory pre-tax profits dropped by 51 per cent to £1.96bn, but post-tax profits, including the cost of the exit from America, were just £120m, down 95.7 per cent.The retailer said sales at UK stores, excluding fuel and VAT sales tax, rose 0.5 per cent in the last three...

Profits slump for top retailer Tesco which has stores in Barton,...


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