Business · 4 hours ago
Finest Hour: Tesco Lifts Profit Outlook Despite War Jitters
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Tesco has raised its full-year profit forecast, saying shoppers have stayed relatively confident despite geopolitical uncertainty linked to the Iran conflict. Britain's biggest supermarket now expects underlying profit of £3.15bn to £3.3bn, up from its previous floor of £3bn. Half-year sales grew 2% to £33.8bn while underlying profit rose 6.5% to £1.8bn, boosted by 8% online growth and a 9% jump in premium Finest sales.
Reported by The Guardian · How we write briefs