Tesco shares have sunk 5% this afternoon as investors took an increasingly dim view of its £6.4bn full year loss.
Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.
The FTSE 100 index moved back above 7,000 this morning after the Chinese central bank announced stimulus measures to prop up its economy.
Some of Britain's largest companies will issue formal warnings on the risks of exiting the EU if the Conservative Party pushes ahead with referendum plans after the election.
UK-listed energy stocks have rallied strongly in early trading as investors look for more M&A activity in light of Shell agreeing a £47bn takeover of BG Group.
More than 100 UK business leaders have backed Conservative economic policies, saying they show the "UK is open for business" and have helped create jobs.
The FTSE 100 remained above the 7,000 mark early on Monday after closing at a fresh record high last week.
The FTSE 100 has moved above 7,000 for the first time in its history this afternoon, as a strong open on Wall Street helped the UK's blue chip index finally reach the landmark figure.
The FTSE 100 index fell sharply on Tuesday in its worst day of 2015 so far, as energy stocks plummeted on the back of further falls in the oil price.