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Tesco slashing £500m of costs as price war escalates
By Harry Holmes2025-04-10T06:30:00
Tesco is cutting an additional £500m of costs amid escalating costs and falling profits, saying it needs the ‘flexibility and firepower… to respond to current market conditions’
Tesco is expecting profits to fall this year following an increase in the “competitive intensity” of the market in the past few months.
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