date:Jul 22, 2014
Tesco Plc has announced that its chief executive, Philip Clarke (pictured), will leave the role in October and will be replaced by Unilever's Dave Lewis.
In a statement Tesco said that, current trading conditions are more challenging than we anticipated at the time of our first quarter interim management statement on 4th June and that this means that sales and trading profit in the first half of the year are somewhat below expectations. They added that outlook for the full year will be influenc