TESCO FORECASTS PROFITS RISE THIS YEAR

  Tesco Plc &lt;TSCO.L> said in a statement
  it expects pre-tax profits of 166 mln stg for the year ending
  February 28, 1987, before nine mln stg of net property profits.
  This compares with 122.9 mln stg pretax profits and a net 8.1
  mln on property sales the previous year. It said the forecast
  was in its formal offer document sent to &lt;Hillards Plc>
  shareholders today.
      On March 10 Tesco launched a 151.4 mln stg bid for
  Hillards. The offer, of 13 new Tesco ordinary shares for every
  20 Hillards ordinary shares, valued each Hillards ordinary
  share at 305.5p.
  

