Apr 12, 2017

Supermarket woes dent FTSE 100

Tesco was the biggest loser on the FTSE 100 index, diving 5.73% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014. Rival Sainsbury's also came under strain, dropping 1.32%, while Morrisons suffered as well, shedding 1.07%. By the end of the day, the FTSE 100 had lost 16.51 points or 0.22% to 7,348.99. On the currency markets, the pound rose 0.05% against the dollar to $1.24980 and was 0.02% up against the euro at 1.17820 euros.

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