Calls to curb Tesco after record profits

Supermarket giant Tesco today underlined its dominance of the UK’s retail landscape after ringing up record profits of £2.55 billion.

Supermarket giant Tesco today underlined its dominance of the UK’s retail landscape after ringing up record profits of £2.55bn (€3.8bn).

The company, which has 1,500 stores in the UK, increased underlying profits by more than 13% for the year to February 24, despite increasing competition from resurgent rivals Asda and Sainsbury’s.