Tesco, which issued a profit warning in July as it announced the departure of its chief executive, said its new head Dave Lewis would now start on September 1, one month earlier than expected. He will review all aspects of the business.
The group said it had revised its outlook and now expected trading profit for 2014/15 to be in the range of 2.4 billion pounds ($3.98 billion) to 2.5 billion pounds, compared with an analyst forecast of around 3 billion pounds.