Inflation, cost cutting and Clubcard clout – takeaways from Tesco’s Ken Murphy

Tesco London

As Tesco profits more than doubled to their highest level in more than a decade, boss Ken Murphy gave his thoughts on some of the key issues affecting the industry

Given that Tesco chief executive Ken Murphy was speaking on a day when the retailer had reported a 159% surge in annual pre-tax profits to £2.3bn and a 7.4% jump in group sales to £61.5bn, it’s hardly surprising that he was in confident mood.


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