UK retail giants Home Bargains and Tesco are making significant moves in response to rising profits. Home Bargains is expanding its store count and issuing dividends, while Tesco plans a £1 billion share buyback amid profit expectations. Tesco's pre-tax profits reach £2.3 billion, leading to a 6% jump in its shares. The positive consumer sentiment is noted by Tesco's boss.
🇬🇧 THG profits surge despite sales slip https://t.co/y9ytFqtORL
🇬🇧 Tesco to open 70 new stores across UK over the next year as part of major update https://t.co/PqVGkKu8A4
🇬🇧 Tesco to buy back £1bn of shares as profits rocket https://t.co/9IHMY9Ss1U
Shares of U.K.’s biggest grocer jump 6% on profit boost and £1 billion buyback https://t.co/8IeJVztm0p
Tesco has announced pre-tax profits of £2.3bn. Working people pay through the roof at the supermarket so that mostly rich shareholders can receive bumper dividend payments. A responsible government would have a plan to combat excessive profiteering.
UK consumer sentiment on the up, says Tesco boss https://t.co/L8fapEkEFw https://t.co/Nrbz32YvJc
Profits up more than £300m at UK's largest supermarket https://t.co/vJ782zYzh7
🇬🇧 Home Bargains owner targets 1,000 stores after profit boost https://t.co/AbgvSAmvUK
🇬🇧 Home Bargains owners net £36mn dividend https://t.co/lxq8udeEgr
Tesco plans to buy back £1 billion of shares over the next 12 months amid expectations for rising profits https://t.co/hrPbFHApxW
🇬🇧 Home Bargains pushes ahead with store expansion plans as profits rise https://t.co/Zx25khYelA