Tesco is set to announce a bumper profits haul next week, while the supermarket’s staff brace for thousands of job cuts. Tesco is set to announce a bumper profits haul next week, while the supermarket’s staff brace for thousands of job cuts. Tesco profits set to jump as staff brace for chopCity analysts forecast the grocery giant will post a 22% surge in bottom line full year pre-tax profits to £1.6 billion when it reports figures on Wednesday, with sales tipped to jump 12% to £64.5 billion. Strong annual figures follow a stellar December when Tesco emerged as a festive winner, unveiling its best set of Christmas trading figures in nearly a decade. “Booker’s terms of trade improve as prices are aligned with market leader Tesco, allowing it to sell more competitively.

Source: Irish Independent April 05, 2019 09:22 UTC