WATCH: Tesco picks up market share despite cost of living concerns

Tesco has eaten into the market share of a host of other grocers

Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year.

In a statement to markets on April 10, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year.

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