Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts

Tesco has raised its profit guidance for the year ahead to up to £2.7bn as the Big Four grocery thanks a slew of price cuts for surging revenues in its interim results.  The grocer said that adjusted operating profit at its supermarket reached £1.48bn during the term, a 13.5 per cent leap when compared to [...]