Grocers crash as Tesco warns cost of living crisis will hit profits - This is Money

Tesco boss Ken Murphy (pictured) said soaring inflation, a return to pre-pandemic shopping habits and ferocious price wars would hit margins.

Supermarket shares crashed yesterday as Tesco warned the cost of living crisis would knock its profits in the year ahead. The UKs biggest grocer sent waves through the industry as it said soaring in… [+3664 chars]

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