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Tesco's UK sales growth slows in latest quarter

LONDON, June 18 (Reuters) - Tesco, Britain’s biggest retailer, reported a sharp slowdown in underlying UK sales growth in its first quarter, reflecting a tough comparison with the same quarter last year when the country was in the grip of its first COVID-19 lockdown.

The group said UK like-for-like sales, excluding fuel and VAT sales tax, rose 0.5% in the 13 weeks to May 29 - ahead of analysts’ average forecast of a fall of 1.0% but down from growth of 8.8% in the previous quarter. (Reporting by James Davey; editing by Sarah Young)

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