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Tesco makes £2bn profits

Tesco will confirm its dominance of the UK supermarket sector today when it becomes the country's first retailer to post annual profits of £2 billion.

The UK's number one supermarket is expected by analysts to announce profits of £2.04 billion against £1.66 billion a year earlier - just four years after it broke through the £1 billion mark.

Rapid expansion abroad and a move into non-food areas have contributed to Tesco ranking alongside Wal-Mart and France's Carrefour as the world's biggest retailers.

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