Eggs in many baskets

Steady diversification by Tesco is paying off. While less nimble peers floundered, the UK’s biggest retailer reported a 10% profit increase in the first half of its fiscal year. Tesco’s march across countries, products and price points should help it to weather the worsening economic storm, too. While the financial news is dark, Tesco just keeps on rolling. Despite its already leading share in the UK, it managed to increase domestic revenue in the first half by 9.5%, and a remarkable 3.7% (ex...