Tesco sits at the top of the food chain but rivals are growing peckish

Tesco sits at the top of the food chain but rivals are growing peckish

As the biggest supermarket prepares to unveil impressive profits, smaller grocers will find that falling inflation leaves them with nowhere to hide

As the UK’s biggest supermarket, accounting for more than a quarter of our national food shop, Tesco will shine a spotlight on a rapidly changing grocery market with its annual financial results on Thursday.

With sales expected to rise almost 5% to just under £69bn, Tesco is back in the ascendant, gaining market share as household bills remained under pressure and shoppers looked for bargains.

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