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Tesco's strongest UK growth for three years

Thursday, 10 Jan, 2013 - 00:46

Jan. 10 - Britain's Tesco said its 1 billion pounds ($1.6 billion) turnaround plan for its home market was starting to work as it posted its highest sales growth in three years over the crucial Christmas period. Hayley Platt reports

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1.8% is today's daily digit in Europe - the amount Tesco's UK sales rose over the crucial Christmas period. It was the strongest rate of growth for the world's third largest retailer in three years. And a clear sign its 1 billion pound investment plan is working. Group sales overall were higher by 3.8% with a 7% rise in Asia more than making up for a half a percent fall in central Europe. Online sales in the UK did particularly well - up 18%. Responsibility for more UK growth will now go to Chris Bush. He's just been appointment head of Tesco's British business, allowing CEO Philip Clarke to focus on its international one.

Tesco's strongest UK growth for three years

Thursday, 10 Jan, 2013 - 00:46

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