Tesco UK profits increase first half

Results from the British Tesco Group for Food and Retail revealed an increase in its profits for the first half of the year, reaching £1.45 billion, an increase of 11.5% compared to the previous year. Additionally, earnings per share rose by 17.4% to 16.7 pence, while adjusted post-tax profits increased to £1.1 billion. Revenue also grew by 3.7% to reach £37.4 billion, with sales mainly climbing to £33.8 billion, reflecting strong performance during this period. The company announced an interim dividend of 5.05 pence per share, an increase of 5.2%, to be paid next November.

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