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Analysts raise their outlook for the UK's biggest supermarket ahead of full-year results next month. Tesco PLC (LSE:TSCO), the UK's largest supermarket chain, has had its price target raised to 545p from 515p by analysts, who have also lifted their food inflation forecast to around 4% for 2026, up from a previous estimate of 3%.

Tesco , Britain's ​biggest food retailer, ‌said on Wednesday ​it ​has reached an ⁠agreement ​with trade ​union USDAW to increase hourly ​pay ​rate for staff ‌in ⁠stores and online fulfillment centers ​to ​13.28 ⁠pounds an ​hour from ​March ⁠29.

UBS has lifted its target price for Tesco PLC (LSE:TSCO), the UK's largest supermarket group, from 500p to 530p while reiterating a buy recommendation, arguing the retailer offers a rare combination of stability and growth at a time of heightened macroeconomic and geopolitical uncertainty. The bank's shares were trading at 472p when the note was published on Monday, leaving an implied upside of around 12% to the new…

Shore Capital, the highly-regarded retail sector specialist, has reiterated its buy recommendation on Tesco PLC (LSE:TSCO) ahead of the supermarket group's full-year results on 16 April, arguing that the grocer's qualities as a reliable cash generator justify further gradual re-rating of its shares. Analysts Clive Black and Darren Shirley said Tesco had navigated a more intensely competitive UK grocery market with…

Big grocers Tesco and Sainsbury's showed their strength in January, while some listed rivals saw sales growth slow in the new year, as price inflation eased to its lowest in nine months. Grocery price inflation rose 4.0% in January, down from 4.3% in December and 4.7% in October and November, to a level not seen since April last year, as supermarkets ramped up promotioins, according to the latest data from…