Tesco pick-up despite British price pressures
Tesco Ireland sales growth slower due to food price cuts
Shares in supermarket giant Tesco jumped in early trading in London this morning after a strong trading update for its first financial quarter. The shares later gave up much of their gains.
His efforts appear to be paying off, as Tesco this morning reported its strongest British sales growth in seven years, though its efforts to keep food prices down in the Republic of Ireland stores meant a much slower rate of growth.
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