7:43 am, Wed 04 Dec 2013
Tesco have suffered a setback in overseas sales figures.
Tesco reported a dip in sales in its international markets with underlying sales sharply lower in Thailand, South Korea and Ireland during the third quarter.
The supermarket giant said international conditions remained "challenging".
Like-for-like sales in Asia declined by 5.1 per cent while European figures revealed a like-for-like sales decrease of 4 per cent.
Read: Tesco sales fall down to 'weaker grocery market'
7:22 am, Wed 04 Dec 2013
Tesco have blamed a weaker grocery market for its fall in like-for like sales.
Total sales in the UK, including VAT and excluding petrol, increased by 0.9 per cent, however like-for-like sales, excluding both VAT and petrol,
. decreased by 1.5 per cent for the quarter
Tesco have announced a drop in like-for-like sales.
Credit: PA Wire
The chief executive of the supermarket giant, Philip Clarke, said the results reflect the "continuing pressures on UK household finances".
The company said consumers were still adjusting to the "unprecedented period of declining real incomes and a higher cost of living", and there was weak growth across the UK grocery market.
7:07 am, Wed 04 Dec 2013
Supermarket giant Tesco's like-for-like sales fell by 1.5% in the third quarter.
5:20 am, Wed 04 Dec 2013
Supermarket giant Tesco's will announce its third quarter results this morning, with the retailer expected to post figures down from last year.
Tesco will announce its third quarter results this morning.