business news in context, analysis with attitude

  • UK retailer Tesco reported that last year’s annual profits were up 20.5 percent to the equivalent of $4.16 billion (US), on sales that were up 12.4 percent to $70.2 billion (US). The company’s UK sales, which represent about 75 percent of its volume, were up almost 12 percent, while its international sales were up 13 percent.

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