Tesco - The supermarket chain has announced thumping losses.

Tesco faced significant financial challenges, reporting a £6.4 billion loss, the worst in its history. The company abandoned a project in Wolverhampton due to financial impracticality. Market difficulties, deflation, and internal issues like job cuts and a fraud inquiry compounded the situation. Dave Lewis, the new leader, aims to improve performance with shareholder support, despite competition and legacy issues. Tesco plans to focus on service, products, and price to regain its footing in the rapidly changing retail environment.

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