Tesco enjoys 12.5% jump in profit

Tesco has announced pre-tax profits of £1.6bn for the six months to end of August - an increase of 12.5%.

The company said UK sales growth was "modest" - citing low food price inflation and higher fuel costs meaning customers spent more at the pump instead of in store. Tesco's chief executive Sir Terry Leahy told the BBC he expects the ''majority of growth to be in other countries''.

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