SUPERMARKET giant Tesco has revealed a £1.2 billion hit from its failed foray in America as annual profits more than halved after a difficult year.
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THE retail sector will dominate the agenda again this week, with annual results from supermarket giant Tesco as well as figures from department store Debenhams and Burberry.Read
THE Bank of England became one of the most powerful central banks in the world yesterday, as the biggest overhaul of financial regulation since 1997 took place.Read
B&Q owner Kingfisher will reveal the impact of last year’s record rainfall on the DIY market as annual figures tomorrow are expected to show a hefty fall in profits.Read
THE Chancellor’s attempts to “re-set” Britain’s banking system still do not go far enough, a panel set up following the industry’s Libor-fixing scandal said today.Read
BRITISH Airways supremo Willie Walsh has paid the price for turmoil at loss-making Spanish airline Iberia after it emerged he missed out on a bonus for 2012.Read