By John Glenday

Tesco shareholders have been given cause for some rare cheer this morning after the retailer reported a better than expected set of results for the second quarter, with a contraction of 1.3 per cent.

This was significantly lower than analysts’ expectations of a 2 per cent fall and much better than the previous quarters 1.7 per cent slip.

Tesco hired chief executive officer Dave Lewis to reverse four years of sales declines just one month before an accounting scandal lifted the lid on the firm’s dodgy books, launching a programme of store closures and discounting to counter the threat posed by cheaper Read full story ›

Source: The Drum