Tesco share prices rise as it 'takes heed of consumer needs'

Money News

www.moneynews.co.uk > General finance > Tesco share prices rise as it 'takes heed of consumer needs'

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Tesco share prices rise as it 'takes heed of consumer needs'

An increase in the share prices of British supermarket Tesco is down to the firm taking notice of the needs of its consumers in the current climate.

This is the opinion of investment advisor Nick Rayner from the Share Centre, who has said that a rise of almost two per cent in Tesco's share price is probably linked to it also posting a 4.3 per cent rise in like-for-like sales this week.

Mr Rayner explained: "The supermarket giant's results were boosted by an increase in sales volumes of its cheaper discount range as well as price cuts and promotions, which proves it is listening to the more price-conscious consumers."

The expert added that the firm is performing well financially both in the UK and abroad and highlighted that it has also experienced a growth in sales internationally.

In a bid to attract more consumers, Tesco recently launched a Clubcard initiative which offers holders the chance to double their rewards by cashing their points in for vouchers.

Click here for more general finance news
ADNFCR-323-ID-19223332-ADNFCR

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet