Just four years after Tesco first reported full year profits of £1bn, the sprawling supermarket chain has now managed the same feat in six months, writes city editor Julia Finch.
The retailer is expanding in all directions - from taking on Argos with a new catalogue and online range of big ticket items including furniture, pushchairs and electricals to building a new chain in the US and planning another for India.
While other retailers have tried and failed to expand abroad, Tesco seems to have found a successful formula.
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