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City snapshot: Tesco profits sink by 28% as Covid costs bite
By Ed Devlin2021-04-14T06:59:00
Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m. Plus, Tesco appoints the CEO of Kingfisher and a former Sainsbury’s chief digital and marketing officer to its board.
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