Profits near £2.3bn for supermarket, which is ‘conscious things still difficult for many customers’
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Tesco has said inflationary pressures in the UK grocery sector have “lessened substantially” as it announced plans to make £500m in efficiency savings in the year ahead.
As expected, the country’s biggest supermarket chain revealed pre-tax profits had soared 159% to almost £2.3bn from the previous year when it incurred high impairment charges on stores, while sales rose 7.4% to almost £61.5bn.
