Tesco lifts profit forecast on resilient UK consumer demand

Tesco raised its annual profit forecast after reporting a 6.5% rise in underlying profit to £1.8bn on 2% sales growth to £33.8bn, citing resilient consumer confidence despite geopolitical uncertainty. The upgrade signals UK consumer spending is holding up better than feared, which may support growth expectations. The company's outlook is a positive indicator for UK retail and broader economic resilience.