date:May 19, 2014
ognizes our commitment to reducing capital expenditure, to significantly improving our working capital position and to reduce our net debt this year below 2.5 billion pounds. Improving our investment-grade rating remains a central part of our financial strategy.
The supermarket industry is going through a period of unprecedented change that underlines the importance of our strategy to deliver the most compelling offer for customers, Tesco said in an e-mailed statement.
While Tesco operates in