My newspaper says Tesco's have issued "an unusually gloomy quarterly trading update". You see, horror of horrors, their trading for the last quarter was only up by 2%! That didn't include gains from new stores - so I assume to include them would mean their sales up more than 2%.
So let me get this right - we're in a recession, but their profits are still UP! And that's 'gloomy'?
A bit of reality here would be nice ...
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