Tesco ups shareholder payouts as profit soars in face of Covid-19

Tesco’s revenues stayed stable in the first half of the year Picture: Nick Ansell/PA

Shareholders in Tesco are in line for a major windfall after the supermarket giant said it would increase the dividend and make a one-off payment after profits soared by more than a quarter.

The company said it made a pre-tax profit of £551 million in the first half of the year, an almost 29% increase, on revenue of £28.7 billion, up 0.7%.