Tesco expansion expected to continue

Tesco is expected to announce 7,500 new jobs by February when it unveils its latest financial figures, said a report in The Sunday Telegraph.

The newspaper believes the posts will be created as the UK's number one retailer opens new stores and continues expansion in non-food product areas.

Tesco said there will be an announcement on jobs with Tuesday's figures. It is expected to reveal profits up by around 14 per cent on 2004.

Tesco broke through the £2bn annual profits barrier in April - the first UK retailer to do so. And analysts are predicting half-year profit of around £939 million, compared to £822m in the same period last year.

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