Tesco announces £2.55bn profits

Supermarket giant Tesco today underlined its dominance after posting record profits of £2.55bn - equivalent to more than £4,800 a minute.

Supermarket giant Tesco today underlined its dominance after posting record profits of £2.55bn (3.75bn) - equivalent to more than £4,800 a minute.

The retailer's underlying pre-tax profits for the year to February 24 were more than 13% ahead of the previous year, matching analysts' expectations for the Cheshunt-based company.