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.
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assaultGMT 12:03 2018 Tuesday ,23 January
Egypt military accuses presidential hopeful of crimes including forgeryGMT 11:41 2018 Tuesday ,23 January
UK regulator says Fox's Sky takeover 'not in public interest'GMT 11:38 2018 Tuesday ,23 January
South African jazz legend Hugh Masekela diesGMT 11:36 2018 Tuesday ,23 January
EU removes eight countries from tax haven listGMT 11:32 2018 Tuesday ,23 January
8.2 magnitude quake hits off Alaska: USGSGMT 11:28 2018 Tuesday ,23 January
Mattis calls for Turkish 'restraint' in SyriaGMT 03:43 2018 Tuesday ,23 January
Turkish soldier killed in Syria operation: army
- Tuesday ,23 January GMT 12:03 2018 Egypt military accuses presidential hopeful of crimes including forgery
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:14 2024 Wednesday ,07 February
Sophisticated Classic Dining Room Design Ideas
GMT 07:03 2017 Sunday ,12 November
How Britain supported Gaddafi’s approach suppress opponents
GMT 11:37 2015 Monday ,06 July
Latin America celebrates Greek austerity 'No' vote
GMT 23:09 2017 Sunday ,28 May
Dubai-Sharjah roads clogged hours before iftar
GMT 05:30 2016 Tuesday ,27 September
Egypt to attend 19th summit meeting of COMESA countries in October
GMT 18:06 2017 Wednesday ,05 July
Palm-sized baby born in UAE
GMT 06:16 2017 Thursday ,14 September
Saudi aggression wages 15 air strikes on Haradh, Medi
GMT 06:31 2017 Thursday ,16 March
Allergan celebrates commitment to KSA with new entity inaugural
GMT 12:39 2017 Tuesday ,10 October
Turkey urges US to reverse visa halt, summons another staffer
GMT 00:51 2016 Thursday ,01 December
Net Asset of South Korea's Overseas Funds RiseGMT 10:42 2011 Wednesday ,13 July
South Korea begins construction of Korean alphabet museum
GMT 16:18 2016 Saturday ,12 November
Indian bank shares slump as new notes prove elusive
GMT 11:18 2017 Friday ,10 March
Sheikh Mohammed offers condolences to family of Emirati soldier
GMT 07:16 2017 Monday ,11 September
Saudi warplanes hit Taiz
GMT 19:44 2017 Thursday ,04 May
Qatar Stresses Importance of Establishing Nuclear-free Zone
GMT 00:05 2017 Wednesday ,26 July
Leadership congratulates Tunisian presidenGMT 06:57 2012 Thursday ,31 May
The Jump Off
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor