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UK News
15-04-2005
who: Tesco
what: Announces record profit of £2.03billion
when: Tuesday
snippet: "Tesco`s chief executive Sir Terry Leahy cited the group`s overseas expansion and moves into non-food areas like CDs and clothes for boosting growth," says the BBC. "Tesco`s overall turnover increased 12.4% to £37.1bn, with sales in the UK making up £29.5bn of that figure." In The Telegraph, a Friends of the Earth spokesman says the announcement takes Britain one step closer to "fewer local shops, fewer farmers and little hope for a more sustainable future for UK food and farming". [... more]


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