Tesco posts record £6.4bn annual loss

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Tesco has reported the worst results in its history with a record statutory pre-tax loss of £6.4bn for the year to the end of February.
That compares with annual pre-tax profit of £2.26bn a year earlier.
It is the third year in a row in which the supermarket giant has reported falling profits.
Annual group trading profit, which counts sales through the supermarket's tills was also down 60% at £1.4bn, compared with £3.3bn a year earlier.
The results cap a tumultuous year for the supermarket giant which is still being investigated by the Serious Fraud Office (SFO) after it overstated its half-year profit forecast in August by £263m,






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