Whats next for Asda? bring on the fight!
Tesco has hailed "significant progress" after reporting a return to profit and its first quarterly sales growth for three years. The supermarket giant reported a £162m statutory pre-tax profit for the year to 27 February with UK like-for-like sales up 0.9% in the fourth quarter. The results follow last year's £6.3bn loss, the worst results in its history.