Tesco shares slump sets tone for FTSE

The UK’s biggest supermarket chain saw its shares slump more than 3% today after its latest sales figures disappointed the City.

Tesco was the London market’s leading faller, down 15p at 441.75p, after the company revealed like-for-like UK sales growth of 4.7% – lower than the 5.2% expected by investors – amid slower consumer spending.