As three former Tesco executives appeared in Westminster magistrates’ court to deny charges on what was the second anniversary of the grocer’s £263 million accounting scandal, investors over in the City were looking forward. Barclays, Tesco’s joint house broker, delivered an upbeat verdict on Britain’s biggest supermarket chain in advance of its half-year results on October 5, raising its profit forecasts for the next two years. The broker said that it expected Tesco to provide encouragement on its key UK margin figure, helped by a likely third consecutive quarter of positive like-for-like sales growth, little sign of Asda aggressively ramping…

Source: The Times September 22, 2016 23:03 UTC