Tesco records first sales growth in three years
Supermarket giant Tesco has reported its first quarterly sales growth in three years.
The company recorded pre-tax annual profits of £162 million for the year up to February 27- a year after recording the biggest loss in its history.
It also reported a 0.9% rise in UK like-for-like sales in its fourth quarter, marking its first full quarter of growth since 2013.
Chief Executive Dave Lewis said Tesco had made "significant progress against the priorities we set in October 2014".
Last year, the supermarket reported its biggest ever bottom-line loss of £6.38 billion.