Tesco’s UK sales growth more than halves amid Iran war uncertainty

AI Summary

Tesco's UK sales growth has slowed significantly amid uncertainty caused by the Middle East conflict. Despite this, the retailer reported better-than-expected results due to strong online sales during the quarter ending in May.

UK’s biggest retailer reports better figures than expected by City analysts and is cheered by strong online sales Business live – latest updates Tesco’s UK sales growth has more than halved as it said the conflict in the Middle East had created “ongoing uncertainty for many households”. The UK’s biggest retailer said comparable sales rose 1.8% to £13.4bn in the three months to the end of May, well below the 4.2% reported in the previous quarter. Continue reading...