Jun 16, 2017

Tesco recovery gathers pace in the UK

Tesco is cementing its recovery in the UK after its first-quarter sales growth beat expectations. Analysts had expected a rise of 2.2% after Tesco reported an increase of 0.7% in the fourth quarter. Tesco will face shareholders on Friday who are expected to query a pay deal awarded to chief executive Dave Lewis. Mr Lewis was given £142,000 to help him move to a house closer to Tesco's headquarters. This was on top of his £4.1m pay packet.

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