Tesco Lifts Sales but Joins Calls for Interest-Rate Cut ; Consumer

Summary

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TESCO today shrugged off swirling fears of an economic slowdown with another set of bumper sales figures, but admitted even it would like to see a cut in interest rates.

The retailing behemoth's plans for world domination appear relentlessly on track, with a march on the US beginning in earnest last week and expansion continuing in Europe, Malaysia and elsewhere.

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Extract

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Tesco Lifts Sales but Joins Calls for Interest-Rate Cut ; Consumer

Group sales in the 13 weeks to 24 November were up 11.8%. UK likefor-like sales rose 4.1%...

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