Tesco feeds off global expansion

Professional Adviser
clock

April 10 (Bloomberg) Ã Tesco, the UK's largest supermarket chain, indicated its second-half profi...

April 10 (Bloomberg) Ã Tesco, the UK's largest supermarket chain, indicated its second-half profit rose 17% after adding more televisions and electronics at British outlets and opening more superstores abroad. Net income rose to £466m, or 6.69p a share, in the six months to February 28 from £400m, or 5.85p, a year earlier, Bloomberg calculations show. Tesco said it will create 20,000 jobs, half in Britain, as it seeks to balance sales of food and general merchandise at home while expanding internationally. The growing range of goods and financial services helped Tesco's full-year sa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •