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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Taking temperature of Tesco turnaround

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Friday 16 June
A first quarter trading update (16 Jun) from Tesco (TSCO) gives investors an opportunity to assess CEO Dave Lewis’ turnaround. The grocery titan’s full year results (12 Apr) revealed UK like-for-like sales up 0.9%, the first reported annual growth for seven years.
Tesco, whose takeover of food wholesaler Booker (BOK) is being debated by the competition authority, appears to be on a firmer footing. However the rapid grocery share gains being achieved by Aldi and Lidl, as flagged by the latest Kantar Worldpanel (31 May) data, is cause for concern.
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