Apr 12, 2017

Tesco full-year profits hit by fine

It said it had taken a £235m charge after it agreed a deferred prosecution with the Serious Fraud Office and the Financial Conduct Authority in March. Tesco said it exceeded its full-year operating profit target. Like-for-like sales, which strip out the impact of new store openings, grew 1% in the year to 28 February.

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