Tesco investors fail to see funny side of chief's Clegg impersonation

Philip Clarke's alarming similarity to the Lib Dem leader may be a cause for concern

Philip Clarke, the boss of Tesco, is fast turning into retailing's answer to Lib Dem leader Nick Clegg. His leadership is wobbling as a home constituency complains he's ignored the tenets of previous successes, while simultaneously pursuing the glamorous attractions of overseas partnerships whose benefits have proved increasingly difficult to explain.

Anyway, just like Cleggy, Clarke faces what promises to be a tough count this week, as Tesco releases internal polling aka first-quarter trading figures. Previously, those numbers have been showing support for the grocer evaporating, and while Wednesday's release may suddenly reveal a dramatic swing back to Clarke, it is not the way the City is betting.

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via Business Feeds

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