VOLUME, PROFIT UP FOR TESCO

LONDON (FNS) -- Tesco here said heavy marketing spending, a new loyalty card program and the warm British summer contributed to increased sales and earnings in the 24 weeks ended Aug. 12.ersions were made at $1.55 equals one British pound.Sir Ian MacLaurin, chairman, said that same-store sales at the group rose 10% in the period, including 4% inflation. But while Tesco has in the past year become

LONDON (FNS) -- Tesco here said heavy marketing spending, a new loyalty card program and the warm British summer contributed to increased sales and earnings in the 24 weeks ended Aug. 12.

ersions were made at $1.55 equals one British pound.

Sir Ian MacLaurin, chairman, said that same-store sales at the group rose 10% in the period, including 4% inflation. But while Tesco has in the past year become the United Kingdom's market share leader, gross margins have suffered because

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