Tesco is avoiding the cutbacks in consumer spending that are dragging sales down at other retailers.

The supermarket supremo enjoyed UK sales growth of 7.6% in the third quarter, with like-for-like sales up 4.8% – compared with 2.7% in the first half of the year. Excluding petrol sales, the figure was 4.1%.
The retailer said it had experienced good growth in its core food categories.