, Tesco Profits Fall in Almost 2 Decades despite Rising Sales in the U.K.
Tesco PLC, the Britain’s largest retailer, has reported a 12 percent fall in half-year pretax profit to $2.7 billion, or £1.7 billion as downturn in Asia and Europe balanced rising sales in the U.K. The Tesco fall in the profit is its first fall in nearly two decades. The U.K. sales have started rising after 18 months.
