Tesco reports record in profits

Tesco has reported a record £2.03bn in profits for the year ending February 26, in line with City forecasts. Sales rose by 12.4 per cent for the year to £37.1bn.

Tesco has reported a record &£2.03bn in profits for the year ending February 26, in line with City forecasts. Sales rose by 12.4 per cent for the year to &£37.1bn.