Tesco Posts Record Loss
Major UK retailer Tesco reported a record £6.3 billion ($9.4 billion) pre-tax loss for last year, having lost ground to cheaper rivals such as Aldi and Lidl. Tesco swung to a net loss for the year of £5.7 billion ($8.5 billion) from a net profit in the previous year of £970 million ($1.4 billion), while … Read more