Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn

Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn

City A.M.

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Britain’s biggest supermarket Tesco has reported a nine per cent increase in UK sales, with its new chief executive saying there are “encouraging early signs that inflation is starting to ease”. Tesco said it reported £13bn in sales across the UK and Republic of Ireland, up almost nine per cent on the previous quarter. In [...]

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