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Tesco returns global profits

Supermarket giant and retailer Tesco has returned ongoing profits over the last year.

Despite facing a difficult economic period, the firm’s preliminary results showed a healthy group trading profit of £3.09 billion.

First opened in the UK in 1924, the company has branches across the world – in countries including Thailand, China, Hungary and the US.

Terry Leahy, chief executive, says the group has "delivered a solid sales and profit performance, both in the UK and internationally, whilst continuing to invest in our long-term strategy for growth".

Of the 440,000 staff currently employed by the firm, 280,000 work in the UK.

Tesco branches in the US go under the Fresh and Easy name.

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