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Tesco global profits down 23.5%

Supermarket giant Tesco has reported a 23.5% drop in group pre-tax profits to £1.39 billion in the six months to August 24. Rival Sainsbury's said its sales were up 2.1%.

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Sainsbury's like-for-like sales up 2.1%

Sainsbury's have published their second quarter trading statement for 2013.

Supermarket chain Sainsbury's like-for-like sales are up 2.1% for the second quarter of the year to 28 September 2013, according to its latest trading statement.

Total sales for second quarter were up 5.0 per cent.

Total sales for the first half up 4.4 per cent (4.0 per cent excluding fuel) and like-for-like sales up 1.5 per cent (1.4 per cent excluding fuel).

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