Tesco said retail profit will likely rise this year as easing cost pressures allow the supermarket chain to cut prices. Britain’s largest grocer expects to generate at least £2.8 billion ($3.5 billion) of retail adjusted operating profit in the current fiscal year. Bloomberg’s Dasha Afanasieva reports.
Read more: https://www.bloomberg.com/news/articles/2024-04-10/tesco-forecasts-profit-increase-launches-1-billion-buyback
