Tesco Names Davies as U.K. Head, Won't Pay Final Dividend

Jan. 8 -- Tesco plans to close its Cheshunt head office and 43 unprofitable stores, while selling assets including the Dunnhumby data-analytics unit, as the U.K.’s largest grocer tries to recover from an accounting scandal and a string of profit warnings. Bloomberg's Caroline Hyde has more on "Countdown." (Source: Bloomberg)

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