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Tesco shrugs off slump in sales with budget appeal

Shares in Tesco surged almost 13% yesterday, as sales figures from the UK's biggest supermarket revealed that it, too, is suffering high-street pain - but the group also said its new budget range was luring an additional 300,000 shoppers a week.

Shares in Tesco surged almost 13% yesterday, as the latest sales figures from the UK's biggest supermarket revealed that it, too, is suffering high-street pain - but the group also said its new budget range was luring an additional 300,000 shoppers a week.