Downward turn for UK profits at Tesco

Tesco's UK profits slipped one per cent for the year to the end of February, contrasting with an 18 per cent rise in profits from its international business.

Chief executive Philip Clarke said: "We need to raise our game and are committing more than £1bn to make the UK shopping trip better for customers."

This will include employing more staff in its fresh produce sections, the first part of its plan to create 8,000 net new jobs in its existing stores. Earlier this month Tesco announced its new "Everyday Value" range will focus more on British provenance.


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