London, United Kingdom (AFP) — Britain’s largest retailer Tesco on Wednesday announced tumbling profits in its first half as higher costs fuelled by rocketing inflation offset a jump in revenue. Profit after tax slumped to £253 million ($290 million) in the six months to late August from £781 million a year earlier, the supermarket giant said in a statement. The group noted “cost inflation is significant” and said full-year profits would be towards the lower […]