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Tesco PLC (LSE:TSCO) traded even better than expected over Christmas prompting Shore Capital to increase its full-year earnings forecasts – again. Tesco, in its fiscal third-quarter update, said it expects retail operating profit to be slightly above the top-end of its previous £2.5-2.6bn guidance range while the supermarket’s bank’s operating profit is tipped to be between £160mln and £200mln, due to the effect of more favourable economic forecasts the company’s provision for expected credit losses.
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