Tesco slides on sales slowdown amid Iran war woes
Today 08:06
BUZZ-Tesco slides on sales slowdown amid Iran war woes ** Shares in Tesco TSCO.L down 2.4% at 446.5p, FTSE 100 .FTSE down 06%
** Britain's biggest food retailer posts slowdown in underlying UK sales growth in Q1, missing analysts' expectations
** UK like-for-like sales rose 1.8% in the 13 weeks to May 30 - below analysts' consensus forecast of 2.3% due to uncertain consumer confidence amid Iran war
** Keeps annual profit guidance unchanged
** Stock up ~1% so far this year
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com ; +91 98052 24616))