The Guardian Australia – Business
·business
·7 hours ago
Tesco warns profits could fall amid Iran war uncertainty
Tesco warned profits could decline due to ongoing uncertainties from the conflict in the Middle East. While annual profits rose 8.5% to £2.4 billion, the retailer broadened its profit guidance for the coming year to between £3 billion and £3.3 billion. Tesco is implementing £500 million in savings to mitigate rising costs and enhance competitiveness.
Summary by Glance · The Guardian Australia – Business
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