Tesco set to unveil sales drive – and pension blow



Tesco, Scotland’s largest supermarket group, is expected to post sharply higher profits and its third successive quarter of same-floorspace sales growth on Wednesday.
The performance will be seen as cementing the group’s recovery under chief executive Dave Lewis over the past two years.
Broker Macquarie expects Tesco’s UK trading profits to have almost doubled to £316 million in the six months to end-August against £166m a year earlier.
READ MORE: Tesco Bank jobs at risk under Edinburgh office move
In addition, the City is forecasting a range of like-for-like sales increases of between 0.5... read more

 
3 October 2016 in Business, Views: 44
Source: Scotsman
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