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Tesco’s profits down 16 per cent
Business: Tesco’s shares slumped by as much as 16 per cent — wiping nearly £2 billion from Tesco’s stock market value — after it said trading profits will not exceed £1.4bn in the year to February.
This is well below City expectations for a figure of £1.9bn and down from the previous year’s £3.3bn.
Anti-HS2 activists lose latest legal case
Transport: Anti-HS2 campaigners lost their latest legal action yesterday against the government’s northern high-speed rail project. Objectors accused the government of unlawfully failing to carry out a strategic environmental assessment (SEA) that might help alleviate problems for locals and businesses.
