date:May 19, 2014
12 markets, about three-quarters of its profit comes from the U.K., its home market.
Trading Margin
Its U.K. trading margin will drop to 4.4 percent this year from 5 percent in 2013, while Morrisons will decline to 2.9 percent from 4.5 percent, Barclays Plc retail analyst James Anstead estimates.
Both retailers have also pulled back from opening more large supermarkets as shoppers increasingly buy their groceries online and top up at smaller convenience stores.
Tesco has committed to reducin