Britain’s biggest supermarket chain Tesco warned Thursday that its profits could be impacted by the Middle East war lifting food costs, as it posted higher earnings for its last financial year.

Tesco has announced a partnership with U.S. software firm Adobe to expand its use of artificial intelligence in customer data analysis and deliver more personalised marketing across its platforms.

Global drinks giant Diageo has appointed Dave Lewis, the former chief executive of Tesco, as its next CEO, concluding a months-long leadership search.

European stocks clawed back early losses to edge higher on Thursday, with gains in mining stocks offsetting declines in the retail sector.