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Tesco sees group profits fall

Tesco has announced its interim results for the first half of its financial year (26 weeks ending 29 August 2015) which show group operating profit of £354m, a fall of almost 55% compared to the same period last year.

Tesco has announced its interim results for the first half of its financial year (26 weeks ending 29 August 2015) which show group operating profit of £354m, a fall of almost 55% compared to the same period last year.

Pre-tax profits were £74m, while like-for-like sales in the UK fell by 1.1%.

Chief executive Dave Lewis said: 'We have delivered an unprecedented level of change in our business over the last twelve months and it is working.  The first half results show sustained improvement across a broad range of key indicators.”

“In the UK, we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment,” he added.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

The drive for effective decarbonisation – Daikin’s VRV R32 heat recovery solution

To drive the decarbonisation of buildings forward, new systems should reduce both the direct and indirect CO2eq impact. Daikin has focussed on maximising operational efficiency in real life conditions, minimising the impact. The new solution ...

  30-Jun-2022

If you need to open a solenoid valve manually, you need a SVOM!

"THE SMALL TOOL WITH A BIG ATTRACTION" Available from Refrigeration Wholesalers If you would like to become a distributor please contact sales@fridgenius.co.uk
  30-Jun-2022
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