LONDON (Reuters) - Britain's biggest grocer Tesco reported a larger than expected hole in its accounts on Thursday, forcing it to scrap its full-year trading profit outlook.
TESCO (TSCO.LO) which has lost a fifth of its market value in the last month, scrapped the outlook as its second-quarter underlying domestic sales fell sharply, down 5.5 percent.
The group said last month it had overstated its first-half profit forecast by 250 million pounds ($401 million), but the group said on Thursday this had now risen to 263 million pounds.
(Reporting by James Davey and Neil Maidment; writing by Kate Holton; editing by Guy Faulconbridge)
