City snapshot: Tesco first quarter growth slows amid 'subdued' market

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Source: Tesco

Tesco is continuing to outperform a “subdued” UK grocery market, as its first quarter like for like sales rose 0.8% in the UK and Republic of Ireland. Plus, Majestic Wine confirms “advanced discussions” over the sale of Majestic Retail and Commercial businesses, M&S rights issue undersubscribed, PZ Cussons trading update and all the rest of the latest news from the City.

 

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