Tesco Q1

Tesco has just published its results for Q1 2010. Revenues increased by 9.7%, although excluding petrol, the increase was 12.6%. Much of this growth came from outside the UK - 11.4% at constant currency, but a whopping 20.1% using 'actual' exchange rates. The non-food side of the business 'resumed modest like-for-like growth', and this includes electricals.