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Tesco pre-tax profits fall 6.9% to £3.05bn

Underlying pre-tax profits at Britain's biggest supermarket Tesco fell 6.9% to £3.05 billion. Like-for-like sales fell 1.4%.

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Tesco boss: We are not an 'empire in decline'

Tesco's chief executive Philip Clarke has spoken to ITV News' Business Editor Joel Hills** and denied claims that Tesco is an "empire in decline" he says the company is facing the challenges of one of the world's most competitive markets and is "on the way back."

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