Supermarkets
Supermarket shares crash amid Tesco profit warning
Tesco and Sainsbury’s suffered poor performances in the latest update, as Tesco saw its shares fall 2% to 265.2p, while Sainsbury’s shares lost 2.5% to close at 238.6p
UK Supermarkets saw almost £1bn wiped off their value yesterday as the cost of living crisis began to take hold, after Tesco had warned of the future impact of rising costs and inflation in its annual report.
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