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
The live stage version of Peter Kay's Phoenix Nights has reportedly been cancelled after actor Ted Robbins collapsed on opening night.
The much-loved local character, who had lived on the city's streets for decades, died in hospital this week after falling ill.
Man City remain five points behind Chelsea in the Premier League title race after a 1-1 draw at Stamford Bridge