Tesco share price gathers momentum as supermarket enters golden quarter from position of strength

tesco store sign

Shares shot up 4.5% today to a near-12-year high of 449.2p as markets lapped up a bullish statement by CEO Ken Murphy asserting that the supermarket had built on already strong momentum in the first half to 23 August 

Tesco investors were full of Christmas cheer as a profits upgrade put the UK’s biggest retailer on solid footing as it entered the all-important golden quarter.

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