Ten Things You Need to Know Today: Wednesday 22 Apr 2015

1. TESCO: £6.4BN LOSS ONE OF UK’S WORST

Tesco has announced an annual loss of £6.4bn, one of the worst in UK business history. The figure is a statutory pre-tax loss for the year to the end of February – and marks the third year in a row the supermarket giant has reported falling, or negative, profits. Annual group trading profit was down 60% at £1.4bn.

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