Every little helps, and news of the departure of the Tesco CEO, Philip Clarke sent the share price up 3%.
According to the BBC: "Mr Clarke had been trying to revive Tesco's fortunes through a £1bn turnaround plan, but a trading update last month showed a 3.7% fall in like-for-like sales, which Mr Clarke admitted were the worst figures for decades."
Full story: BBC News
It's got to be tough and very dog eat dog when you take the top job for a public company. Investors are breathing down your neck, you are answerable to the board, everyone sings your praises when things are going good. Then you have some bad luck, make a bad call or a strategy didn't work as well as you like, and the knives are out...
The reality of Corporate big business! I'm sure Mr Clarke has been well compensated though, and no doubt will soon be at the helm of another retail chain. CEO of Tesco's has to look good on your linked in profile