Tesco’s share price reaches 16-year high

BRITAIN’S leading retailer, Tesco, said sales rose strongly in the third quarter, pushing its share price to a 16-year high.

Tesco’s share price reaches 16-year high
Fri, 26 Nov, 2004 - 00:00
Brian O'Mahony, Chief Business Correspondent

Shares climbed 4.5% to 311.5 pence in early trading, their highest since September 12, 1988.

Profits before tax for the financial year 2005 are being revised following strong third quarter sales growth.

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