article_snippet.sent: a profit of £1.4billion was more than wiped out by £7billion worth of one-off costs, led by a write-down of £4.3billion on the value of £ land and stores.
article_snippet.sent: There was also a write-down of some £570 million on the food and other products sitting in £ warehouses and stores, while £ has agreed to pump an extra £270million a year into £ staff pension scheme, which has a deficit of £3.9billion.
article_snippet.sent: The closure of more than 45 stores and £ current head office in Hertfordshire will cost more than £400million.
article_snippet.sent: more than £ is also cutting back on future expansion, with the cancellation of more than 50
article_snippet.sent: The loss of £6.38 billion —
article_snippet.sent: Under his predecessor, Phil Clarke, the books essentially were cooked to make profits look stronger and debts look less than was truthfully the case.
article_snippet.sent: The Serious Fraud Office is investigating.
article_snippet.sent: In the case, the case has resulted in a £6.4 billion loss.
highlights_snippet.sent: Drop in sales, one-off costs and pensions blamed for financial loss .
  