By John Glenday

British supermarket king Tesco is to parachute in its new chief executive a month early after a significant worsening of its trading position forced the retailer to act.

Dave Lewis had been due to take the helm of the struggling grocer in October but will now be rushed in on Monday morning in a desperate bid to halt the slide.

This comes after Tesco announced it expected to undershoot its projected trading profit for the year by £100’s of millions following a dismal first six months. Markets had been expecting this figure to come in at around £2.8bn but after the first Read full story ›

Source: The Drum