Supermarkets
Tesco ups FY guidance as sales and profits rise in H1
The group said investments it is making in value, quality and service across the group ultimately delivered volume growth ahead of expectations in the first half
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with the supermarket’s boss noting the business is “in good shape”. Over the period, retail operating profits rose by 10% to £1.56bn, while statutory operating profits were up by 13% to £1.6bn.
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