Tesco has today raised its annual profit forecast as the supermarket group won market share in its first half in the UK and Ireland, giving it momentum ahead of the key festive trading period.

RTÉ

Ireland

Tesco raises annual profit outlook after first-half rise

The UK’s biggest supermarket said shoppers were buying more items than they were last year.

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The Independent

Evgeny Lebedev

London

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England

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Tesco says consumers in ‘good shape’ as it reveals jump in premium shoppers

Government of Ireland

Tesco has said consumers are in “reasonably good shape” as a surge in demand for premium products and food price cuts helped lift its sales.

Shropshire Star

MNA Media

Ketley

Shropshire

The UK’s largest supermarket said it is forecasting its full-year profit to be slightly higher than previous guidance.

Evening Standard

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Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Tesco toasts sales growth as it sees surge in premium shoppers

Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits. The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its […]

Sky News UK

Roberts family

Tesco sees sales growth after rise in premium shoppers | Business News | Tech, Entertainment, Sport, Fashion, Travel News

Supermarket group Tesco, Britain's biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies. The company noted that "sales inflation returned to more normalised levels as cost inflation headwinds...

Legit.ng - Nigeria news.

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Easing inflation lifts profit at UK supermarket Tesco - Nigeria News Update

TESCO raised its annual profit forecast on Thursday (Oct 3) as Britain’s biggest supermarket group won market share in its first half,...

Business Times

Britain’s Tesco raises annual profit outlook after strong first-half

Supermarket group Tesco, Britain's biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies. The company noted that "sales inflation returned to more normalised levels as cost inflation headwinds eased".

Yen.com.gh - Ghana news.

Easing inflation lifts profit at UK supermarket Tesco

Supermarket group Tesco, Britain’s biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies. Profit after tax jumped 13 percent to £1.1 billion ($1.4 billion) in the six months to late August from a year earlier with sales rising as inflation cooled, Tesco said in a statement. Group sales rose 3.1 percent to £35.2 billion in the first half.  The supermarket giant reduced costs b…

Digital Journal

The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its Finest premium ranges, which were almost 15% up on the same period a year ago. Money latest: The great second home sell-off? Total sales excluding fuel were 4% up at £31.5bn – though its UK like-for-like sales growth slowed in the second quarter. Nevertheless, its pref…

Tesco raises annual profit outlook after first-half rise

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