Good morning: Tesco has beaten full-year expectations. Before exceptional items, operating profits were up a quarter in the year to February 25, at £1.28 billion. Posting its first rise in UK like-for-like sales since 2010, an increase of 0.9 per cent, overall sales rose 1.1 per cent to £49.9 billion. As it campaigns to win support for its takeover of Booker, the FTSE 250 wholesaler, Tesco needs today to go well. Earlier this week, the activist shareholder called for a restructuring of BHP Billiton, days after pushing for…

Source: The Times April 12, 2017 07:52 UTC