Tesco has given gloomy economic pundits a fresh downer. When UK supermarket chain Wm Morrison Supermarkets warned last week of inflation eating into its EBITDA , attention focused on whether its stronger 20 billion pound rival would follow suit. On Wednesday Tesco duly flagged that its 2022/23 operating profit from retailing would be in a lower range than the current financial year’s 2.65 billion pounds.
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