India, April 10 -- Shares of Tesco Plc were losing around 6 percent in the morning trading on the London Stock Exchange, after the British retail major reported Thursday lower pre-tax profit in fiscal year 2025 and issued a cautious outlook for fiscal 2026 adjusted operating profit.
However, net profit in the year climbed from last year with growth in revenues, and the firm lifted dividend and announced 1.45 billion pounds share buyback.
Ken Murphy, Chief Executive, said, "Building on our strong financial performance, robust balance sheet and positive momentum, we are setting ourselves up for the year ahead with the flexibility to continue to win in a highly competitive market. Despite inflationary headwinds, we are committed to ensuring ...