Thursday, 23rd October 2014

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Tesco pre-tax profits fall 92% but beat targets - UPDATE

Thu 23rd Oct 14, 06:24:27

First-half trading profits for Tesco beat analyst forecasts and chairman Sir Richard Broadbent responded calls for his head announced his own succession process had begun, but a headline fall of 92% in pre-tax profits shocked investors and led to the shares opening lower.

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London open: Tesco leads UK stocks lower as first-half profits drop

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