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Tesco profits down 54.6% since last year

Tesco has released its interim results Credit: PA

Tesco profits are down 54.6% since last year, its interim results revealed.

Its group profits slumped to £354m in the first half of this year.

Profits in the UK and Republic of Ireland were hit harder, slowing by 69%.

Despite the fall in profits, like for like sales have held up, only down by 1.1%.

We have delivered an unprecedented level of change in our business over the last twelve months and it is working. The first half results show sustained improvement across a broad range of key indicators.

In the UK, we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment.

– Dave Lewis, Chief Executive

Weather: Heavy rain before brighter conditions arrive

Britain will see more rain on Wednesday. Credit: Met Office

Remaining rain, heavy at times, in eastern and north-eastern areas will gradually clear through the day as drier and brighter conditions spread in from the west.

It will feel muggy under the rain, but fresher conditions than of late will encroach from the west.

Top temperature today of 17 Celsius (63 F) in the east or southeast.


Thousands donate to Pc Phillips memorial fund

A memorial fund set up in memory of Pc David Phillips - who was killed by a driver in a stolen car - has so far raised more than £45,000.

More than £45,000 has been raised so far. Credit: JustGiving

Merseyside Police Federation Charitable Trust set up a Just Giving page to honour an officer "tragically and unlawfully killed whilst on duty".

More than 2,000 people have donated to the memorial.

Police are continuing to question two men, aged 18 and 30, on suspicion of murder.


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