Tesco reports sales boost, despite high UK inflation
Total sales grew 1.8 percent in the 19 weeks to January 6
London - Egypt Today
Supermarket group Tesco, Britain's biggest retailer, announced Thursday a rise in sales over the key Christmas period, despite high UK inflation weighing on consumer incomes.
Total sales grew 1.8 percent in the 19 weeks to January 6 compared with the corresponding period a year earlier, Tesco said in a statement.
"Whilst inflationary pressures remain in the UK market as a whole, we have continued to work with our supplier partners to help mitigate the impact on our customers," Tesco said.
"As a result, we have passed on less inflation to date than our competitors."
In Britain, wages are being eroded by Brexit-fuelled inflation according to recent data.
Since Britain voted to leave the European Union in June 2016, a drop in sterling -- making imported goods more expensive -- has pushed up inflation to an annual rate of 3.1 percent.
Source:AFP
GMT 13:08 2017 Tuesday ,28 March
Tesco to pay $162m to settle false accounting chargesGMT 15:54 2017 Monday ,13 March
White men an ‘endangered species’ in UK boardroomsGMT 17:22 2017 Thursday ,12 January
Tesco caps year of recovery with solid Christmas tradingGMT 09:49 2017 Thursday ,12 January
Tesco hails rising sales over Christmas periodGMT 11:31 2016 Wednesday ,05 October
Tesco rings up improving results amid supermarket warRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 19:22 2012 Wednesday ,31 October
Portugal adopts hotly protested austerity budget
GMT 20:26 2017 Saturday ,16 December
Looking back on Dubai’s dazzling Modest Fashion Week
GMT 14:56 2017 Thursday ,04 May
Indian village bans women from using mobile phones
GMT 11:55 2018 Friday ,14 December
Study shows most drivers not keen on switching to electric cars
GMT 11:43 2018 Friday ,14 December
Kosovo to build an army amid tensions with Serbia
GMT 07:02 2017 Wednesday ,16 August
EGX loses EGP 4.5bn
GMT 10:54 2017 Wednesday ,26 April
LuLu Hypermarket to open in Al-Ahsa today
GMT 08:27 2017 Thursday ,09 March
Five years in the making, Nasser offers a portrait of a modern Egyptian pharaohGMT 09:21 2011 Monday ,20 June
Japan\'s brash Livedoor tycoon heads to jail
GMT 06:32 2014 Saturday ,18 January
Israel summons EU envoys in tit-for-tat move
GMT 09:55 2019 Monday ,19 August
Live an excellent atmosphere in your career
GMT 10:36 2018 Wednesday ,12 December
Strasbourg shooting leaves 3 dead, 12 injured
GMT 16:05 2018 Monday ,03 December
Germany diesel crisis: Nearly a billion euros extra for cleaner air
GMT 07:35 2018 Monday ,08 October
First foreign space agency opens in Abu Dhabi
GMT 13:37 2018 Monday ,01 October
Post-Soviet bloc’s first-ever Air Bridge-2018 drills kick off in RussiaGMT 23:12 2012 Sunday ,22 January
Libya succumb to co-hosts in opener matchGMT 14:16 2011 Wednesday ,04 May
3 dead, 11 trapped in Mexican coal mine explosionGMT 09:03 2012 Wednesday ,11 April
Lamis al-Hadidi:Salem doesn\'t want Egypt trial
GMT 13:00 2017 Monday ,13 March
Luis Enrique blames Barca defeat on European exploits
GMT 18:09 2017 Wednesday ,23 August
USIP President reviews UAE’s preparations for 2nd USIP World
GMT 16:37 2016 Monday ,11 April
France bewitched by 'Bojangles', a book full of joy and tears
GMT 08:04 2017 Monday ,30 October
Pakistani bridal brand Élan showcases
GMT 11:59 2018 Saturday ,13 January
The 2015 Iran nuclear deal
GMT 12:15 2018 Friday ,12 January
Tesco reports sales boost, despite high UK inflation
GMT 18:46 2017 Wednesday ,19 July
Egypt, Iraq see eye to eye on all regional issues
GMT 06:02 2015 Tuesday ,03 February
Remains of 25 Yazidis found
GMT 23:12 2016 Wednesday ,22 June
In Cairo, heat and long days test Ramadan faithfulGMT 10:48 2010 Tuesday ,14 September
Le Monde accuses Nicolas Sarkozy of ordering \'spying\' on reporters
GMT 16:36 2012 Monday ,26 November
Paul & Joe: 3 steps to Beautiful Skin
GMT 07:51 2017 Thursday ,09 February
Health benefits of visiting a spa
GMT 10:19 2017 Friday ,10 November
Animals aplenty, space at a premium
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor