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
Downpours keeping us on our toes today
The M20 in Kent has been closed in both directions after a pedestrian bridge allegedly collapsed on the motorway on Saturday.
The AA have warned of traffic jams and urged people to carry extra water in their vehicles because of the warm weather.