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Tesco sales on the up

SUPERMARKET giant Tesco has named Chris Bush as its new MD of the UK business as it revealed signs of a revival in sales, boosted by Christmas purchases.

The world's third largest retailer said sales at new British stores which have been open for more than a year jumped by 1.8pc in the six weeks to January 5. That compares with analysts' forecasts in a range of 0.5-1.5pc.