Tesco boost fails to woo FTSE investors

Investors left Tesco shares off their shopping lists today as signs of slowing growth in the UK cast a pall over record profits of £2.2bn (€3.2bn).

Tesco was the second-heaviest faller on the FTSE 100 Index – off 5.25p at 321.5p – as the UK’s biggest supermarket felt the heat from resurgent competitors including Sainsbury’s and worries over a drawn-out probe into the grocery market persisted.