GOOD READS

Tesco food volume falls in main UK market

Tesco food volume falls in main UK market, US venture posts strong gain

RELATED QUOTES

SymbolPriceChange
TSCDY14.92
TSCO.L299.60+2.25

LONDON (AP) — Tesco PLC, the world's third-largest retailer, says food sales revenue in its main British market fell in the 13 weeks ending November 26 as the company cut prices on thousands of products.

Tesco said Thursday that the volume of food sales rose by 1 percent compared to a year earlier, but the value of sales excluding petrol and sales tax dropped by 0.9 percent.

Total sales including petrol were up 7.2 percent , led by an 8.2 percent gain outside the U.K.

Tesco's Fresh & Easy stores in the United States posted a 12 percent sales gain on a comparable stores basis, which excludes sales from stores opened since last year. Total U.S. sales rose by 29 percent, driven by larger customer numbers and higher average spend, the company said.

In Asia, sales on a comparable stores basis rose by 0.8 percent, well down from 3.9 percent in the previous 13 weeks. The company said floods in Thailand were a big factor behind the slower rate of growth.

Tesco shares were down 1.2 percent at 392.1 pence on the London Stock Exchange.

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • IGIA to become zero-diversionary by October: Committee

    New Delhi, April 24 (IANS) The Indira Gandhi International Airport (IGIA) is set to become a zero-diversionary airport by October as the government is set to implement the recommendations set out by an expert committee which was formed to look into the matter. According to the Civil Aviation Ministry, in a meeting held Thursday with all stakeholders including India Meteorological Department (IMD), Airports Authority of India (AAI), Delhi International Airport Pvt Ltd (DIAL), Bureau of Civil …

  • Air India seeks to lease 14 Airbus A320 aircraft

    Air India Ltd [AIN.UL] is seeking to lease 14 Airbus A320 aircraft, according to a tender document posted on the state-run carrier's website. Air India has asked for bids for up to six-year-old A320 aircraft ... …

  • Sri Lanka opposition protest to block Packer's casino plans

    Hundreds of Sri Lankan opposition party members marched in protest in Colombo on Thursday to pressure the government to stop Australian gambling tycoon James Packer from opening casinos in hotel projects planned by his Crown Resorts Ltd (CWN.AX). President Mahinda Rajapaksa's coalition government holds a two-thirds majority in parliament, but its stance on casinos has drawn flak from Buddhist and other religious leaders, opposition parties and even from within its own ranks. Currently, there …

  • Met office rules out surplus monsoon in 2014
    Met office rules out surplus monsoon in 2014

    India is likely to experience below-average monsoon rainfall in 2014, the government's weather office said on Thursday, if the El Nino weather pattern affects the four-month-long rainy season. The monsoon is vital for India as half of its farmland lacks irrigation. To cut dependence on rains, India plans to expand its farmland under irrigation by at least a tenth by 2017. Rainfall is expected to be 95 percent of the long-term average, with a margin for error of plus or minus 5 percent, …

  • Debit cards with an extended credit limit!

    The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received. The most popular types of plastic … Read more » …

IN-DEPTH ANALYSIS & INTERVIEWS

  • Too good to be true?

    Developers are offering lucrative buyback schemes. But such promises may not be always kept. …

  • Leaderspeak with Vikram Limaye

    Vikram Limaye MD & CEO, IDFC Ltd shares many firsts from his life. …

  • The Greening of the House of Tatas

    How a dedicated team converted a 90-year-old heritage structure into a benchmark for environment-friendly buildings. …

  • Appy Voting

    Mobile and online apps, seeking to inform or influence voters, have been more active than ever before in this election. …

  • In the crosshairs

    Why the future of FDI in multi-brand retail looks bleak after the polls. …

  • A Samurai from Chandigarh

    Advertising veteran Sandeep Goyal is disarmingly frank as he recounts his years with Dentsu. …

  • Falling in line

    Global investors gear up to working with Narendra Modi despite reservations about his secular credentials. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52-0.33-1.96%
    UNITECH.BO
    14.31-0.27-1.85%
    SUZLON.BO
    120.40+7.00+6.17%
    FRL.BO
    66.05+4.10+6.62%
    MANGCHEM.BO
    54.40+1.65+3.13%
    HCLINFO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    16.20+2.70+20.00%
    JAGSONPH.BO
    53.50+8.90+19.96%
    RUSHIL.BO
    40.45+6.45+18.97%
    RCIIND.BO
    63.95+8.90+16.17%
    MRPL.BO
    24.00+3.10+14.83%
    NELCAST.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    10.95-10.95-100.00%
    4THGEN.BO
    17.30-17.30-100.00%
    ALFAICA.BO
    16.81-16.81-100.00%
    AMAL.BO
    11.73-11.73-100.00%
    BORAX.BO
    29.95-29.95-100.00%
    BRADYM.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.