• H1 trading profit GBP +937m vs +853m exp
  • like-for-like sales, which strip out new stores, fell 4.4% in the first half of the year and pre-tax profit slumped to £112m, down more than 91.9% on the same period in the previous year.
  • Q2 underlying domestic sales down 5.5%
  • underlying EPS 7.71 pence
  • interim dividend 1.16 pence
  • overstated previous profit confirmed at GBP 263m vs 250 prev forecast

UK supermarket giant not quite so super right now losing a fifth of its market value in the past month and the CEO is refusing to give a full year profit outlook

The Chairman, Sir Richard Broadbent says he will be standing down as the overstated previous profit ruse gets passed to the FCA (Financial Conduct Authority)

The BBC has more here