Will Price Cuts at Tesco Restore Profits? - Presented by: The Aol. On Network

A second year of falling profit at Tesco - this time the world's third biggest retailer saw a 6 percent drop. Trading slowed throughout the 12 months, with sales at most British stores down 3 percent in the fourth quarter. After two decades of growth - much of it under the previous CEO - the current Chief Executive Phil Clarke is under pressure. He now plans to slash millions of pounds off prices to win back customers. Robert Cole is from Reuters Breakingviews.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
TWTR $ 46.30 7.71 ▲ 19.98%
BAC $ 15.58 0.24 ▲ 1.56%
SIRI $ 3.46 0.06 ▲ 1.76%
AMD $ 3.82 0.03 ▲ 0.79%
GNW $ 13.98 2.28 ▼ 14.02%
FB $ 74.677 0.97 ▲ 1.31%
PFE $ 29.26 0.21 ▼ 0.71%
AAPL $ 98.15 0.23 ▼ 0.23%

As of 7/30/2014, 04:04 PM
More Most Active