Tesco and AB Foods to report excellent profits for 2009
Some of the UK and the world's major retailers are expected to make announcements tomorrow (Tuesday 20th April) revealing their end-of-year or interim profit figures, and market experts are predicting that Tesco and Associated British (AB) Foods come out on top for the food sector.
The Tesco comeback
After a difficult year, leading UK supermarket Tesco is expected to report significantly improved trading figures for 2009. In fact, analysts are pinning profits at around the £3.2 billion mark, a record-breaking pre-tax amount.
In addition to challenging rivals Asda in the non-food market, Tesco are planning to continue their UK expansion, opening ten more stores and creating around 1,000 food jobs in Scotland alone.
Associated British Foods: strong half-year sales figures
AB Foods will also make an announcement on Tuesday 20th April, and analysts are confident the company will report strong sales, profits and growth figures throughout the whole business. Pre-tax profits are estimated to be around £317 million for the half year, a significant improvement on the £275 million for the same time last year.
The most successful brands for AB Foods are reportedly Silver Spool, Ovaltine and Twinings.
The Tesco comeback
After a difficult year, leading UK supermarket Tesco is expected to report significantly improved trading figures for 2009. In fact, analysts are pinning profits at around the £3.2 billion mark, a record-breaking pre-tax amount.
In addition to challenging rivals Asda in the non-food market, Tesco are planning to continue their UK expansion, opening ten more stores and creating around 1,000 food jobs in Scotland alone.
Associated British Foods: strong half-year sales figures
AB Foods will also make an announcement on Tuesday 20th April, and analysts are confident the company will report strong sales, profits and growth figures throughout the whole business. Pre-tax profits are estimated to be around £317 million for the half year, a significant improvement on the £275 million for the same time last year.
The most successful brands for AB Foods are reportedly Silver Spool, Ovaltine and Twinings.
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