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
Former BBC Apprentice contestant Stuart Baggs has died, a spokesman for his firm has said.
Tonight: a woman awaiting a double hand transplant, a dream realised through strangers, and a family who quit their life to travel Britain.
In the three years since Liam Lyburd was expelled from Newcastle College he built up an anger and resentment for the college.