United Kingdom

Tesco turnaround "firmly on track" - CEO

Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Tesco :CEO says turnaround "is firmly on track".CEO says inflation in business "running at about 1 percent below peers".CEO says return of dividend a "significant milestone in recovery of business".CEO says does not expect inflationary situation in H2 to change from H1.CEO says "comfortable" with analysts' consensus profit forecasts for 2017-18 of about 1.5 billion stg.CEO "remains confident" Booker <<>> transaction "completely on track".CEO says "was shocked as anybody" by recent Two Sisters chicken food safety issue, says immediately investigated.Shares up 1.8 percent after 27 percent rise in H1 profit, return of dividend.