UK's Tesco tumbles on forecasting dip in FY26 profit

** Britain's biggest supermarket group Tesco falls 4%** TSCO sees FY25-26 adj. operating profit between 2.7 bln-3 bln pounds ($3.47 bln-$3.85 bln) versus year-ago 3.13 bln pounds** Says it saw further rise in UK's market's competitive intensity in the last few months** Announces additional share buyback totalling 1.45 bln pounds; to be completed by April 2026** Posts FY group sales of 63.6 bln pounds, up 3.5% y/y** FY like-for-like sales rises 3.1% y/y** As of last close, TSCO down ~8.98% this year($1 = 0.7781 pounds)