While in his presentation of Tesco's annual results yesterday, new CEO Philip Clarke emphasised he was not planning a "new strategy" for the retailer, he did talk through a number of "immediate objectives".
Tesco CEO Philip Clarke said today (19 April) that it was "essential" that losses from its US business Fresh & Easy come down this year after the division's bottom line worsened over the last 12 months.
Tesco, the UK's largest grocer, published its annual results today (19 April), the first such announcement presided over by new CEO Philip Clarke, who took charge in March. Shares in Tesco were down at lunchtime in the UK; what do City analysts make of the numbers and Clarke's comments about the retailer's prospects?
Philip Clarke, the new CEO of Tesco, said today (19 April) the retailer "can do better" in the UK after the country's largest retailer posted flat annual sales in its domestic market.
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