Monday, June 18, 2007

Cautious consumers slow Tesco's UK sales in Q1

(Reuters) - Finance and Strategy Director Andrew Higginson told Reuters it was going to be "tougher year" because of growing caution among consumers after four interest rate hikes in 10 months.



The world's fifth-largest supermarket group, where a third of Britons buy their groceries, said its international sales rose 24.6 percent at constant exchange rates.


Read more at Reuters.com Market News

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