date:Apr 19, 2013
larke says the UK is the most important market for Tesco
For the year, total UK sales rose 1.8% to just over 48bn, with UK trading profit falling by 8.3% to 2.27bn.
Tesco said its online grocery division has had another strong year, with sales growing ahead of the market, by 12.8% to 2.3bn.
The company last reported a fall in annual profits in 1994, since when it has grown into the dominant force on the High Street.
Changing landscape
Mr Clarke told the BBC that Tesco's profits had been hit