This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/5401494.stm
The article has changed 9 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Tesco makes £1.1bn in six months | |
| (10 minutes later) | |
| Supermarket giant Tesco has seen its half-year profits rise 10.3% to £1.09bn, helped by international sales. | Supermarket giant Tesco has seen its half-year profits rise 10.3% to £1.09bn, helped by international sales. |
| The group saw its sales rise 12.7% in the six months to 26 August, with profits at its overseas businesses rising 21.1%. | |
| Meanwhile its online venture Tesco.com showed further growth, with its profits up 43.1% in the period as customers tapped into home shopping. | Meanwhile its online venture Tesco.com showed further growth, with its profits up 43.1% in the period as customers tapped into home shopping. |
| Tesco is moving into the US as its foreign expansion continues. | Tesco is moving into the US as its foreign expansion continues. |
| Criticism | |
| Good summer weather helped the firm in the UK, with second-quarter sales growing 6.6% compared with 4.5% in the first quarter . | |
| Six years ago Tesco made its annual first £1bn annual profit. The latest figure equates to earnings of approximately £35 per second. | |
| Tesco's profits are set to attract criticism from those who accuse the chain of being over dominant and of driving out independent traders. | |
| Chief executive Terry Leahy acknowledged that the firm had come under fire from critics, but said that the vast majority of customers were "pleased" with what Tesco had to offer. | |
| "The growth is coming across the board because customers are choosing Tesco," he told the BBC. | |
| This week the firm announced it was moving into the software market, launching a range of budget own-brand PC software. | |
| It has also joined the "green" revolution among supermarkets, offering shoppers incentives to re-use carrier bags. |