News Desk — April 11, 2018 at 2:04 pm — Updated: April 11, 2018 at 2:04 pm

Tesco defies UK retail gloom with surge in profit

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LONDON (Reuters) – Britain’s largest supermarket Tesco bucked a grim start to the year for the retail sector with a 28 percent surge in annual profit, underlining Chief Executive Dave Lewis’ recovery strategy of lower prices and streamlined product ranges.

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