Business Live with Ian King: Tesco reports an 11% jump in profit and expects inflation to drop

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Join Ian King as profits at Tesco reached £2.83bn - up more than £300m from a year earlier - as the UK's largest supermarket group said it had brought down prices.

More people are shopping at Tesco, due to improved product value and quality, the company said.

Profits topped £2.83bn last year, up from £2.5bn a year earlier, while the amount of money Tesco took in was also up

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