Arab Today, arab today tesco logs rising q1 group sales
Last Updated : GMT 18:43:11
Arab Today, arab today
Arab Today, arab today

Tesco logs rising Q1 group sales

Arab Today, arab today

Arab Today, arab today Tesco logs rising Q1 group sales

London - AFP

Britain\'s biggest retailer Tesco on Wednesday posted a modest increase in first-quarter group sales, but suffered a much weaker performance in its home market in a setback for the supermarket giant\'s turnaround plans. Sales including petrol climbed 1.8 percent in the 13 weeks to May 25, compared with the same period a year earlier, Tesco said in a trading update. British sales including petrol gained just 0.1 percent. However, sales sank 1.0 percent on a like-for-like basis, stripping out the impact of new floor space, and excluding petrol and VAT. Tesco blamed the British performance on poor sales of general merchandise and the ongoing impact of the horse meat scandal, which has hit sales of frozen foods and ready-made meals. And it warned that trading conditions outside Britain were still \"challenging\" and not expected to improve in the near term. \"Conditions outside the UK remain challenging and we have broadly maintained our performance from the fourth quarter of last year,\" the group said. The group added that its plans to exit the United States market were still on track. Back in April, Tesco announced that it would exit its failed US division Fresh & Easy, as it unveiled the first drop in annual profits in almost two decades. Tesco was also hit hard last year by a costly investment plan that was aimed at turning around its domestic business in Britain. In early morning deals on Wednesday, Tesco shares sank 2.14 percent to 356.65 pence on London\'s FTSE 100 index of leading shares, which was 0.66 percent lower at 6,515.08 points. \"Tesco is in a bit of hot water Wednesday after the supermarket reports a slide in sales for the first quarter,\" said ETX Capital analyst Joe Rundle. \"UK sales fell 1.0 percent for the period, worse than the 0.70-percent drop expected by the market. \"Putting the Europe to aside given the challenging conditions in the beleaguered eurozone economy, the slide in UK sales is more worrying for investors.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tesco logs rising q1 group sales Arab Today, arab today tesco logs rising q1 group sales

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tesco logs rising q1 group sales Arab Today, arab today tesco logs rising q1 group sales

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday