Britain's biggest retailer, supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit on the value of its property.
Tesco, which was hit by a major crisis last October owing to accounting errors that overstated profits, reported a loss after tax of £5.74 billion ($8.58 billion, 8.0 billion euros) in the 12 months to the end of February.
That compared with a net profit of £974 million in 2013/14, the group said in an earnings statement.
GMT 11:08 2017 Sunday ,23 AprilOne OSCE staff killed by mine blast in east Ukraine
GMT 11:06 2017 Sunday ,23 AprilEarly French vote turnout slightly higher than 2012
GMT 11:04 2017 Sunday ,23 AprilIsraeli attack on Syria military camp kills three
GMT 11:02 2017 Sunday ,23 AprilVoting begins in French presidential election
GMT 16:38 2017 Saturday ,22 AprilOver 100 killed, wounded in Taliban attack on Afghan military base
GMT 16:37 2017 Saturday ,22 AprilUS carrier group to be in Sea of Japan in days
GMT 16:35 2017 Saturday ,22 AprilUS Treasury will not waive Russia sanctions for oil companies
GMT 16:33 2017 Saturday ,22 April'More than 50' Afghan soldiers killed in attack