Tesco hits the bottom

April 22, 2015 9:18 AM

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In the corporate world it's known as "kitchen-sinking" - finding all the bad stuff buried down the back of the sofa, adding it together and announcing a whopping great loss.

Today, Tesco became its latest proponent. In fact, to the kitchen sink Dave Lewis, the chief executive, has added the washing machine, the dish washer and the deep fat fryer.

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