Tesco warns of Iran war impact

CEO Ken Murphy stated that the retailer is doing 'whatever it can' to keep prices affordable for consumers amid the energy shock.

The supermarket plans to make an additional £500 million in cost savings to offset the impact of inflation.

While Tesco has not yet seen significant supply chain issues, the potential for a prolonged war has clouded its financial outlook.

The company's market share in Ireland continued to grow for the fourth consecutive year, reaching 24.2%.