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The continuing pressure on the UK’s major supermarkets was again in evidence this morning, when the country’s largest food retailer, Tesco, reported some of the worst sales figures in its history.

First-quarter sales in the UK were down 3.7% year-on-year, while international sales also fell, which means Tesco is likely to look to reduce supply chain costs in its quest to cut back on outgoings.

And it would appear that there is a lot of work that remains. Some who have observed ...

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