Tesco sales dip for fourth quarter

The UK’s biggest supermarket Tesco reported falling sales for the fourth quarter in a row today despite its £500m price-cutting campaign.

In the UK, where it has 2,700 stores, Tesco recorded a 0.9% decline in like-for-like sales excluding VAT and petrol in the 13 weeks to November 26, equal to the drop seen in the previous quarter.