Tesco profit warning sees shares hit 11-year low
Tesco has issued another profits warning, amid concerns about its performance.
Shares in Tesco have hit an 11-year low after the firm cut its full-year profit forecast to £2.4bn from £2.8bn.
The supermarket has cut its dividend to shareholders by 75% saying that market conditions remained "challenging".
The start date for the new chief executive Dave Lewis has been brought forward to Monday.
Emma Simpson reports.
- From the section UK