01 September 2014
Tesco’s new CEO Dave Lewis will now join the retailer today (1st September), a month earlier than originally planned.
Plus, Tesco has cut its profit forecast for its 2014/15 financial year, with profits now expected to be in the range of £2.4bn to £2.5bn, down from £2.8bn previously.
Profit forecasts and capital expenditure cut
As well as cutting its profit forecast, Tesco will also rei...