Comment on Largest UK retailer warns on profits, shares drop

Largest UK retailer warns on profits, shares drop

LONDON (AP) — Tesco shares have dropped sharply after Britain's largest retailer by revenue issued another profit warning and slashed its dividend to shareholders by 75 percent. The supermarket giant says market conditions remained challenging, cutting its forecast for 2014-2015 trading profits to between 2.4 billion pounds ($3.9 billion) and 2.5 billion pounds.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News