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Papers - Tesco in talks to end SFO probe

Published: 07:19 07 Oct 2015 BST

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The Daily Mail says the Serious Fraud Office is on course to conclude its investigation into troubled supermarket giant Tesco within weeks.

It comes as Tesco reports its half year results this morning, with boss Dave Lewis needing a good result.

Sticking with Tesco, the Guardian reports the supermarket chain has said George Osborne’s new “national living wage” will cost it £500mln by 2020, putting further pressure on profitability at Britain’s biggest supermarket.

Elsewhere, the Telegraph reports sir James Dyson has received £80m in dividends paid out by the company behind the entrepreneurial engineer’s vacuum cleaner empire.

The paper also highlights that Greggs reckons it will beat market expectations this year after releasing its half year results which showed growing consumer confidence and a re-jigged range of meals helped to drive sales higher.

The Financial Times notes SABMiller’s shares dropped yesterday on fears the proposed takeover by rival brewer Anheuser-Busch InBev may fall flat.

SABMiller brought its trading statement forward on Tuesday to ensure the “timely release” of information on its performance with just over a week before the offer deadline for AB InBev.

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