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.

Topics:  london ap     tesco   britain   largest   retailer   profits   shares   drop   billion   pounds   
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