- Philip Clarke
Group Chief Executive
As seasonal as the sales, the flurry of Christmas trading statements is well underway and we have reported our sales update this morning, which you can read online here. Standing back from the headlines, this year more than any other there are two clear trends for the industry.
Today we have published our full year results and we have updated our balance sheet to reflect the changing value of our US business, our UK property pipeline and our businesses in Poland, the Czech Republic, and Turkey. I want to use this blog to explain what has changed and why it has an impact on our reported profit. First, the US business, Fresh & Easy. We entered the US in 2007. At the time...
Tesco is a food retailer, first and foremost: providing safe, nutritious food is the core of what we do. We faced a critical issue when the Irish Food Safety Authority called us in on Tuesday afternoon to tell us that batches from three frozen beefburger lines had tested positive for horse meat.
Today, alongside our Christmas trading update, I’ve announced the appointment of a Managing Director to run Tesco in the UK. The UK is the biggest part of the Tesco business, and it’s our home, so I thought it would be a good idea to tell you a bit more about both the person and why I’ve made this appointment.
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