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imageLONDON: Britain's biggest retailer, supermarket group Tesco, has launched an investigation after revealing that it had overstated its half-year profit forecast by £250 million ($409 million, 318 million euros), it said on Monday.

"We have uncovered a serious issue and have responded accordingly," new chief executive Dave Lewis said in a statement.

Copyright AFP (Agence France-Presse), 2014

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