Profit figures just released for the first 6 months trading in 2017 were good at £562 million but compared to the same period last year, when they took some big one-off hits on board when turning in a £72 million profit, they were always going to look vastly improved.

A key act that will encourage investors and may improve the share price long term, is the resumption of a dividend, a modest 1p per share but a big signal that Tesco is in better health.

The CEO David Lewis, was brought in when Tesco were going through a very bad period externally, losing market share to its rivals in a fierce price war, still going on, and internally, due to a £250 million black hole discovered in their accounts, that hit their reputation hard.

The ship looks as if it has turned around and most of the restructuring that has cost jobs and store closures, in a drive to save £1.5 billion and at least hold on to what was an eroding market share, has been completed.

The figures were initially well received but analysts focused on the sales figures and saw a small fall in growth, down to 2.2%  from 2.3% in the second quarter of trading, which reversed the initial surge in their share price that gave up 2 % on the day.