Tesco Sales Decline Slows to 1.3%

Tesco has reported a slower rate of decline in sales at its UK stores as it tries to stem the flow of customers switching to discount chains.
UK sales fell 1.3% for the three months to the end of May, compared with a 4% decline a year earlier.
The result beat analysts' forecasts of a fall of 1.6%-3%, and was better than the 1.7% fall reported in the fourth quarter of the last financial year.
Tesco chief Dave Lewis said it was a "step in the right direction".