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PHOTO FILE: The company logo is pictured in front of a Tesco supermarket in Altrincham, North of England on April 16, 2016. REUTERS / Phil Noble / File Photo
LONDON (Reuters) – Tesco has announced an increase in its operating profits of 34%, higher than expected, of 2.2 billion pounds, confirming the resumption of the largest supermarket in the United Kingdom by its president, Dave Lewis.
"After four years, we have reached or are about to reach the vast majority of our recovery goals," he said on Wednesday. "I am very confident that we will complete the trip in 2019/20."
Report by Paul Sandle; edited by Kate Holton
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