Tesco's update has international flavour

The UK retail giant discusses the impact of its Big Price Drop promotional campaign in the UK, the impact of the Thai floods on its business and why India needs to allow more foreign investment into its retail sector.

UK: Tesco CFO defends Big Price Drop

8 December 2011

Tesco CFO Laurie McIlwee today (8 December) defended the results of the retailer's Big Price Drop promotional campaign after the company reported another quarter of falling UK sales.

THAILAND: Tesco reveals impact of Thai floods

8 December 2011

The recent floods in Thailand took 0.5 percentage points off Tesco's total third-quarter sales, CFO Laurie McIlwee revealed today (8 December).

INDIA: FDI will benefit retail sector - Tesco CFO

8 December 2011

More overseas investment would benefit India's retail sector, Tesco CFO Laurie McIlwee insisted today (8 December).

Tesco trading update - what the analysts say

8 December 2011

Tesco, the world's fourth-largest retailer, has operations in 11 markets outside the UK but, as it announced its third-quarter trading update today (8 December), much of the interest from The City was on its domestic business, where underlying sales again fell.

UK: Tesco reports UK sales drop, Asia slowdown in Q3

8 December 2011

Shares in Tesco fell this morning (8 December) after the retail giant reported another quarter of falling UK sales and revealed a "sharp" slowdown from its operations in Asia.