Tesco ‘megalomania’ denied

SUPERMARKET group Tesco yesterday rejected claims that it was guilty of a “creeping megalomania” that was sucking the life out of local business.

Britain’s number one grocer, which nets £1 in every £8 spent by British consumers, denied its move into the convenience store sector was killing off communities.

It came as the retailer once again underlined its dominance by announcing sales were running 14.6% higher than a year earlier.