UK like-for-like sales down (4.6)%, impacted by strong competition across the grocery market, headwinds from price cuts and fewer untargeted promotions
£0.9bn Group trading profit - year-on-year decline reflects challenges of UK business
Total UK online sales up 11%; like-for-like sales growth of +0.8% in UK convenience stores
Deloitte investigation into overstatement of expected half year profit concluded; impact confirmed as £(263)m, of which £(118)m relates to first half trading profit, with the balance treated as a one-off item (being c.£(70)m relating to 13/14 and c.£(75)m to pre-13/14)
Interim dividend 1.16p as previously announced; full-year capex reduction to £2.1bn
New Executive team in place and reviewing all strategic options to create greater shareholder value
