Tesco has revealed that its trading profits in its UK business rose 1.5% to £1.13 billion, with like-for-like sales excluding petrol remaining flat in its second quarter after falling 1% in the previous three months.
Despite improved trading in the UK, the retailer's first half group pre-tax profits of £1.39 billion, are down 23.5%.
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The announcement is part of a £500 million cost-cutting drive which will take place over three years.