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Tesco Forecasts Profit Increase, Launches £1 Billion Buyback.
In: Bloomberg.com, 2024-04-10, S. N.PAG
Online
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Zugriff:
Tesco, the largest supermarket chain in Britain, has forecasted an increase in retail profit for the current fiscal year. The company expects to generate at least £2.8 billion of retail adjusted operating profit, which is higher than the £2.76 billion reported last year. To attract budget-conscious shoppers, Tesco plans to cut prices as food price inflation eases. Additionally, the company has announced a £1 billion share buyback. Tesco has been price matching with Aldi on key products to compete in the market. [Extracted from the article]
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Tesco Forecasts Profit Increase, Launches £1 Billion Buyback.
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Autor/in / Beteiligte Person: | Creery, Jennifer |
Zeitschrift: | Bloomberg.com, 2024-04-10, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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