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Tesco confirms year of falling profits

What the analysts say: Has Tesco hit rock bottom?

What the analysts say: Has Tesco hit rock bottom?

Tesco reported a disappointing set of full-year numbers with both sales and profits falling this morning (14 April). The UK retail behemoth has faced declining consumer spending and a battle to make its big-box stores relevant. But has the company hit the bottom of its downward curve and will the group's 2014 performance improve? Here is what the City had to say about Tesco's performance.

UK: Tesco FY profit slides on lower sales, margins

UK: Tesco FY profit slides on lower sales, margins

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.