04/06/14 Market Movements

Market news

The FTS100 closed down 17.68 points at 6,818.63 as Tesco pulled the market down after the supermarket posted its biggest quarterly sales drop in 40 years.

The UK supermarket giant reported a 3.7% drop in like for like sales and 3.8% per cent when including petrol.  The latest figures mark Tesco’s third consecutive drop in sales.