Record Profits Send Store Shares Soaring

Daily PostJanuary 19, 2005

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Summary


SUPERMARKET giant Tesco has left its rivals trailing after reporting a strong jump in sales figures for the Christmas period - keeping it on course for annual profits of more than pounds 2bn.

Unveiling record figures for the seven weeks to January 8, the UK's biggest retailer said total UK sales were up by 12. 1% with the like-for-like figure ahead by 7. 6% when excluding petrol forecourt sales.

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Extract


Record Profits Send Store Shares Soaring

The performance underlined the dominant position of the retailer which takes pounds...

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