Tesco says annual profit halved, will buy back £750 million in shares

Tesco PLC on Thursday said its pretax profit halved in fiscal 2023 and that it would buy back 750 million pounds ($936.4 million) of shares over the next 12 months

The British grocer UK:TSCO posted a pretax profit of GBP1.00 billion for the year ended Feb. 25 compared with GBP2.03 billion a year earlier.

Revenue including fuel rose to GBP65.76…