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

The transcript discusses Tesco's financial strategies, including no final dividend for the year, selling Blinkbox, and restructuring plans under new CEO Matt Davies. The focus is on improving competitiveness, restructuring offices, and strengthening the balance sheet. Efforts to regain investor and consumer trust are highlighted, with emphasis on price reductions and staffing improvements.

What restructuring plans are mentioned for Tesco's headquarters and unprofitable stores?

What are the potential consequences of Tesco's pension deficit as mentioned in the text?