Tesco's chief executive Philip Clarke has said that the supermarket's results reflect "challenges" in a rapidly changing trading environment.
Our results today reflect the challenges we face in a trading environment which is changing more rapidly than ever before. We are determined to lead the industry in this period of change.
Having strengthened the foundations of our business in the UK, we are now accelerating our growth in new channels and investing in sharper prices, improved quality, stronger ranges and better service.
More top news
Many council tax bills could be increased by almost 4% but councils warn that this still won't be enough to avoid cuts to services.
The Foreign Secretary raises the plight of the Yemen people in a speech to Gulf leaders days after his Saudi Arabia 'proxy wars' comment.
Yahya Jammeh, who has ruled Gambia for more than 22 years, says he no longer accepted defeat in the country's presidential election.