Comment on Tesco Shares Plunge on Profit Warning

Tesco Shares Plunge on Profit Warning

The troubles just keep stacking up for Britain's biggest retailer. First this week Tesco reported falling sales of 4 percent. Now it's cut its profit forecast for the third time in three years and slashed the dividend by 75 percent. That sent shares tumbling more than 8 percent. Jo Rundle from ETX described the move as alarmist but necessary.

 

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 News