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Tesco confident on recovery


Tesco confident on recovery


Tesco has announced an 8.7 percent rise in annual profit, helped by acquisitions in Asia and financial services, and it will step up its expansion plans in the year ahead.

The world’s fourth largest retailer, with 4,300 stores in 14 countries also said the global economic recovery has taken hold and it sees little risk of a dip back into recession in its main British market.

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