Published 22 days ago

Tesco says price pressures easing as profits soar

The price rises, following the invasion of Ukraine, have "lessened substantially" according to Tesco's chief executive Ken Murphy.
Tesco has reduced prices to help customers, being the cheapest full-line grocer for over a year.
Despite the challenges, Tesco has worked hard to make things easier for customers by lowering prices.

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BBC News

Tesco says price pressures easing as profits soar

The UK's biggest supermarket chain made annual pre-tax profits of nearly £2.3bn up from £882m.

22 days ago·United Kingdom

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The Independent

Tesco says shoppers buying more after inflation ‘lessened substantially’

The supermarket giant said it benefited from a return to volume growth in the UK and Ireland in the second half of the year.

22 days ago·London, United Kingdom

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Reuters

UK's Tesco forecasts profit rise after building 'strong momentum'

Tesco, Britain's biggest retailer, forecast a further increase in profit in its new financial year as strong demand and new customers helped it to post an 11% jump in 2023/24.

22 days ago·United Kingdom

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NDTV

Profits Hit By Rising Cocoa Prices, Says World's Top Chocolate Supplier

Barry Callebaut, the world's biggest supplier of chocolate to the food industry, said Wednesday that the surge in global cocoa prices had chipped away at profits. In the first half of its fiscal year to the end of February, net profit fell by two-thirds to 76.8 million Swiss francs ($84.9 million). The firm said revenues jumped 19 percent in local currency and 11 percent in Swiss francs thanks to the effect of rising cocoa prices, while sales in…

22 days ago·New Delhi, India

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Daily Express

Shoppers demand 'cut prices now' as Tesco announces huge £2.3bn profit

Angry shoppers have accused Tesco of putting up prices to boost profits and say the supermarket giant should have cut prices to help families struggling to put food on the table.

22 days ago·United Kingdom

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