Tesco profits take first hit since 1994

SUPERMARKET giant Tesco will unveil its first fall in profits for nearly 20 years today amid floundering sales.

By The Newsroom

Published 3rd Oct 2012, 03:15 BST

Broker Shore Capital forecasts pre-tax profits of £1.5 billion for the six months to 25 August, down 12 per cent on last year – the first fall since 1994.

Tesco