UK supermarket Tesco says Mideast war hits profit outlook

Tesco said adjusted operating profit for 2026/27 could come in lower compared with the 12 months to the end of February. The figure is forecast to reach between £3 billion and £3.3 billion ($4.1 billion and $4.5 billion), having risen slightly to £3.15 billion in the 12 months to the end of February. "Reflecting the increased uncertainty caused by the conflict in the Middle East, we are providing a wider range of guidance than we were previously planning," the company said in its earnings statement.