Tesco announces fall in profits

Press Association
File photo dated 01/08/12 of a Tesco supermarket in Ashby De La Zouch, Leicestershire. Underlying pre-tax profits at Britain's biggest supermarket Tesco fell 6.9% to �3.5 billion.  PRESS ASSOCIATION Photo. Issue date: Wednesday April 16, 2014. See PA story CITY Tesco. Photo credit should read: Rui Vieira/PA Wire
File photo dated 01/08/12 of a Tesco supermarket in Ashby De La Zouch, Leicestershire. Underlying pre-tax profits at Britain's biggest supermarket Tesco fell 6.9% to �3.5 billion. PRESS ASSOCIATION Photo. Issue date: Wednesday April 16, 2014. See PA story CITY Tesco. Photo credit should read: Rui Vieira/PA Wire

%VIRTUAL-SkimlinksPromo%Tesco's annual profits have fallen for the second year in succession while latest UK sales figures showed a worsening decline, putting renewed pressure on embattled chief executive Philip Clarke.

Underlying pre-tax profits at Britain's biggest supermarket were down 6.9% to £3.05 billion for the year to February 22 while like-for-like sales dipped by 3% in the fourth quarter, the group said.