Tesco has reported its first fall in profits since the early 1990s after a slowdown in sales in Britain, and its decision to pull out of the US cost more than £1bn.
Philip Clarke, chief executive, said the results "are natural consequences of the strategic changes we first began over a year ago and which conclude today".
Like for like sales in the company's Irish stores, excluding petrol, slipped 0.3 per cent in the...
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