Profits Set to Rise

Daily PostApril 19, 2011

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Summary


TESCO is expected to shrug off tough UK retail conditions with another set of record results when it reports figures today.

Chief executive Philip Clarke is likely to reveal a pounds 3.8bn underlying profits haul in what will mark his inaugural set of full- year results since taking the top job on March 1. But the improvement - up from pounds 3.4bn the year before - comes against increasingly difficult conditions for Britain's retailers.

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Profits Set to Rise

Mr Cla...

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