Tesco share price falls on back of interest rate fearsjoegill, 19 June 2007Be the first to comment on this article Tesco’s share price dipped today as the UK’s largest retailer spoke of fears over the impact of interest rate rises on future demand.
Total UK sales, excluding petrol, grew by 8%. While growth in foods had been strong, growth in non-food sales had "eased in more subdued markets”. Tesco's international sales rose by a quarter, driven by growth in Asia, where it benefited from progress in China in particular. Last week Tesco announced £270m of price cuts in the face of intense retail competition. Speak Your Mind |
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13th February 2012
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Tesco's shares were down 3% to 443p this morning despite the group revealing a 10% rise in sales for the 13 weeks to 26 May.


