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Retail trade

World news about “Retail trade” published by euronews.

09/12 13:42 CET

Tesco shares hit 14-year low after fresh profits warning

Tesco shares hit 14-year low after fresh profits warning

British retailer Tesco has issued a fourth profit warning for the year, so shares hit a 14-year low, losing some 17% at one point. The world's third-biggest supermarket chain has shocked the market with the latest write-down, which says 2014's profits will be nearly 30% shy of…