Tesco Shares Rise As Easing Inflation Boosts FY Sales

Photographer: Jason Alden/Bloomberg© 2024 Bloomberg Finance LPShares in Tesco edged higher on Wednesday as it announced reduced inflationary pressures boosted sales in the last financial year.At 290p, Tesco’s share price was last trading 0.9% higher in midweek business.Sales at Britain’s largest retailer rose 7.2% during the 12 months to February, to £61.5 billion. Adjusted operating profit jumped 12.8% year on year to £2.8 billion.Tesco noted that “the impact of inflation was evident across all markets, al ...