Tesco FD Laurie McIlwee: "Market contracted more than we anticipated in December"

Tesco chief financial officer Laurie McIlwee said the grocer was too optimistic at the beginning of December and the market contracted more than it thought over the key Christmas trading period

Tesco chief financial officer Laurie McIlwee said the grocer was “too optimistic” at the beginning of December and the market contracted more than it thought over the key Christmas trading period, leading to “disappointing” results.

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