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Sainsbury's leads the British Tesco with $ 10 billion on Walmart's Asda to the top

LONDON (Reuters) – Sainsbury's acquires Walmart's Asda for around 7.3 billion pounds ($ 10 billion) in a bold bid to overtake longtime leader Tesco as the UK's largest supermarket group for market share. If granted regulatory approval, the country's largest and second-largest grocery retailers for more than a decade will unite the largest UK businesses in the sector, triggering speculation …

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Tesco surpasses as tension over Syria pulls British FTSE down

(For a live blog on European stocks, enter LIVE / in an Eikon News window) * FTSE 100 drops 0.1 percent * Tesco slashes 5.4 percent after results 19659002] * Eurocontrol warns airlines of possible Syria air strikes * Case of EasyJet, Ryanair, Carnival and Intercontinental Hotel By Helen Reid LONDON, April 11 (Reuters) – Renewed caution among investors indicated …

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Tesco shines in its home market, proposes annual forecast

Jeff J Mitchell I Getty Images A Tesco Supermarket in Glasgow, Scotland Tesco exceeded expectations with a 28 percent increase in its annual profit on Wednesday, Dies was helped by a strong end to the year on its home market, underscoring the recovery of Britain's largest retailer, Chief Executive Dave Lewis. Supermarket group offering 4 billion food for restaurants, bars …

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Tesco Bolstered by Fresh Food and Ready Meals as Costs Rise

By April 11, 2018, 2:20 AM EDT Updated on: Apr 11, 2018, 3:10 AM EDT Tesco Plc's fresh food and prepared dishes are helping the UK ' Brexit-fueled surge in costs. The supermarket operator's profit jumped in the newest financial year as well as heartwood food and plant-based products from the new Wicked Kitchen line. That's helping Tesco mitigate inflationary …

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Tesco declares the first year-end dividend in 4 years

Tesco PLC (TSCO.LN) announced its first year-end dividend in four years on Wednesday and said its pre-tax profit has risen several times. The UK's largest food retailer posted a profit of £ 1.30 billion (US $ 1.85 billion) in the year ended February 24, compared to GBP 145.0 million the year before Burden of GBP 235.0 million related to a …

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Tesco gains recover as turnaround continues

image copyright Getty Images Tesco's profits have risen as Britain's largest supermarket continues its business. The group reported pre-tax profits of £ 1.3 billion for the year ended Feb. 24 – from £ 145m for the previous year as UK sales increased 2.2%. The news follows years of poor results due to a long period of overexpansion and a balance …

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