RE: Hoping for Good Update Tomorrow7 Oct 2020 08:28
Supermarket giant Tesco has seen first-half profits rise by more than a quarter as customers bought more food during the pandemic.
Pre-tax profits for the 26 weeks to 29 August were up 28.7% on last year to £551m.
It is Tesco's first set of results under its new chief executive, Ken Murphy, who started last week.
He replaces Dave Lewis, who had been running the UK's biggest retailer since 2014.
Like many of its rivals, Tesco was forced to overhaul its strategy in-store and online amid the coronavirus lockdown.
Mr Murphy said: "The first half of this year has tested our business in ways we had never imagined, and our colleagues have risen brilliantly to every challenge, acting in the best interests of our customers and local communities throughout.
"I would like to thank all our colleagues for their amazing contribution and I am delighted and proud to be part of such an incredible team."