Shares rise after Britain’s biggest retailer pushed sales in its core UK business up by 1.3%Tesco has impressed investors with much better than expected sales over Christmas after it slice prices and boosted customer service by putting thousands more staff in stores.
Shares in Britain’s biggest retailer rose 6% to 168p as it revealed a 1.3% rise in sales at established UK stores in the six key Christmas and original year shopping weeks. Analysts had been expecting a grim trading update – with sales down by up to 3% until industry data released this week indicated Tesco had turned things around in December. Related: Retail Christmas: the winners and losers in the UK Continue reading...
Source: theguardian.com