Tesco reports £5.74bn annual net loss
Supermarket group Tesco
London - Arab Today
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.
- Wednesday ,12 December GMT 08:25 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West Bank
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 14:48 2016 Wednesday ,21 December
Foreign Secretary discusses foreign policy priorities and trade
GMT 08:06 2017 Friday ,29 December
Nintendo eyes 20 mn Switch sales
GMT 01:05 2017 Friday ,27 October
Gov't prioritizes developing hospitals, medical services
GMT 12:50 2018 Tuesday ,11 December
India plans to pull out of $500 million missile deal with Israel
GMT 10:45 2018 Thursday ,15 November
Major genes-focused testing for Aussies points to better treatment of rare cancers
GMT 23:47 2017 Thursday ,21 September
Etihad Airways becomes first airline in region to offer automated credit
GMT 01:55 2017 Friday ,29 September
Putin says draft UN resolution to sanction Syria 'inappropriate'
GMT 22:09 2017 Monday ,25 September
Saudi Arabia through the eyes of a high-profile expat
GMT 05:37 2016 Thursday ,27 October
Football: Liverpool Beat Spurs 2-1, Sturridge Brace
GMT 12:33 2017 Wednesday ,22 March
'Nice guy' Bottas in hot seat alongside Hamilton
GMT 20:35 2017 Wednesday ,03 May
10 dead, 9 others hurt in Mali army convoy ambush
GMT 01:39 2017 Friday ,27 October
Oct24/Nov22
GMT 16:06 2016 Sunday ,31 July
Q7 is our best-selling model in region
GMT 17:57 2018 Friday ,28 September
Facebook says security flaw affected 50 million accounts
GMT 07:51 2016 Wednesday ,13 April
Volvo Ocean Race sets sail for Hong Kong
GMT 02:17 2017 Tuesday ,21 February
Bangladesh reels from new deadly attack at start of Eid
GMT 15:03 2018 Thursday ,18 January
General Motors continues to lead the discussion on smart, clean
GMT 17:11 2016 Friday ,30 September
Indian worker’s suicide in Qatar raises concern over stranded migrants
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor