Tesco, the UK supermarket giant, has reported a significant increase in profits, more than doubling, as it experiences reduced price pressures and grocery inflation. The company plans £500m in efficiency savings and defends itself against accusations of profiteering, claiming to be the cheapest full-line grocer. Tesco's profits and sales are soaring, with forecasts of rising profits as inflation substantially lessens. Additionally, Tesco has launched a 'Best of British' section online, following in the footsteps of other retailers, to offer high-quality British produce to shoppers.
I’m delighted to see that Tesco have reiterated their commitment to support our British farmers by making it even easier for consumers to buy homegrown British produce online by having a 'Best of British' tab on their website. 🚜🌾🇬🇧 #BuyBritishButton https://t.co/ITwCXpSntn
🇬🇧 Tesco introduces ‘Best of British’ page on groceries website https://t.co/DF3EBoqGPz
wtf is going on with food prices? They say it's "inflation" yet all the big supermarkets are posting record profits. Tesco & Sainsburys reportedly paid out a record £1.2billion to shareholders in 2023. MSM says the cost of living crisis is due to inflation....more like… https://t.co/5PVee6TvPp
🇬🇧 Tesco joins rivals to launch ‘Best of British’ page on website https://t.co/fyemwaRS2I
🇬🇧 Another big win for the #BuyBritishButton! 🇬🇧 The UK's biggest supermarket, Tesco, has launched their online Best of British tab! This is fantastic news, giving shoppers the ability to easily choose from the highest quality produce Britain has to offer. @drlukeevans https://t.co/63eetUUXuR
🇬🇧 Tesco follows rivals with launch of 'Best of British' page https://t.co/iyfBY2fRrI
#BuyBritishButton success - @Tesco, the UK's largest supermarket, launch 'Best of British' section online ✅🚜🌾🇬🇧 I’m pleased to see Tesco's join other retailers - Morrisons, Aldi, Sainsbury's, Ocado, Waitrose and Co-op - in implementing an online ‘Buy British’ section. (1/2) https://t.co/RNBaSrklXg
When you thk you're too posh to shop at Aldi or Lidl... ...and then it drives you insane to see #Tesco make an obscene 2.6p profit on every £1.00 of groceries they sell you!?! 🤣 https://t.co/qTjkptlPuP
🇬🇧 Tesco profits surge as inflation falls 'substantially' https://t.co/Eq5iC3PRfP
🇬🇧 Tesco forecasts rising profits as inflation ‘lessens substantially’ https://t.co/W5JV8m8Sf4
🇬🇧 Tesco profits and sales soar amid growing market share https://t.co/viFnz6IZgP
🇬🇧 Tesco CEO defends supermarket amid profiteering accusations: 'We're the cheapest full-line grocer' https://t.co/IqTzFfmJb0
🇬🇧 Tesco says grocery inflation has lessened as it plans £500m efficiency savings https://t.co/wWkY1ny7jv
🇬🇧 Tesco's profit surges as lower prices draw in consumers https://t.co/X0tFARJoHD
🇬🇧 Tesco profits more than double as it sees easing price pressures https://t.co/FSwOw6qpUr
Yes David, #Tesco made a 2.6p net profit on every £1.00 of groceries they sold you...it's criminal!!! 🤡🙄 https://t.co/DxoSbHFwLS