Tesco shares rise on increased buyback and profit guidance

Shares in Tesco (LONG:TSCO) rose after the grocery giant increased the size of its share buyback and nudged its profit guidance higher. The announcement outweighed disappointing like-for-like sales for the second quarter of FY27. Increased buyback and profit guidance Tesco reported free cash flow of £1.57 billion for the six months to August, helped by … Continue reading Tesco shares rise on increased buyback and profit guidance