Spread betting provider City Index ( http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 20th April 2011. Headlines include Tesco share prices lifting during early morning trading.
Tesco has seen its share price lift during early morning trading on the FTSE 100 today (April 20th), with the premier platform itself up by more than one per cent.
For the 52 weeks ended February 26th 2011, group sales rallied by 8.1 per cent compared to the same period of the previous year to stand at £67.6 billion.
Underlying profit before tax surged by 12.3 per cent to hit £3.8 billion, while dividend per share grew by 10.8 per cent.
Following on from yesterday's news, the share price of the retailer had climbed up the FTSE 100 by 0.53 per cent as of 08:39 BST today, potentially reflecting how its stock remains attractive to investors.
Chief executive of Tesco Philip Clarke said: “I am pleased with our strong overall performance in the face of some challenging conditions and we are well-positioned, with multiple opportunities to deliver long-term growth and rising returns. "
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