Business

Tesco Shares Plunge on Profit Warning

The troubles just keep stacking up for Britain's biggest retailer. First this week Tesco reported falling sales of 4 percent. Now it's cut its profit forecast for the third time in three years and slashed the dividend by 75 percent. That sent shares tumbling more than 8 percent. Jo Rundle from ETX described the move as alarmist but necessary.

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