Tesco’s Irish outlets perform well

A STRONG performance at Tesco’s Irish outlets has pushed the company’s like-for-like in Europe into positive territory.

Sales grew by 7% in Europe, with an “impressive” recovery in Ireland offset by weakness in central Europe, Hungary and Poland.

In a first quarter interim management statement, Tesco, which is Britain’s largest supermarket chain, said domestic revenue barely grew in the first quarter as inflation eased and shoppers balked at the prospect of higher taxes.