UK: Tesco CFO defends Big Price Drop
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.
Tesco's update has international flavour
THAILAND: Tesco reveals impact of Thai floods
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
More overseas investment would benefit India's retail sector, Tesco CFO Laurie McIlwee insisted today (8 December).
Tesco trading update – what the analysts say
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
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.
