The British supermarket chain continues to see its share price extend gains after reporting a strong set of first quarter sales, with shoppers accelerating the shift towards online amid the Covid-19 lockdown measures.
Tesco is expected to see its share price climb higher ahead of its first quarter results on Friday 26 June, with grocer bolstered by the sale of its Polish business and a surge in online sales amid the Covid-19 pandemic.
The UK supermarket chain saw its shares close higher on Wednesday after announcing it is partnering with the food delivery service provider to help boost order capacity during the coronavirus pandemic.
With supermarkets among the only businesses permitted to stay open during the coronavirus pandemic and consumers stockpiling food during lockdown, Tesco shares have held up better than the broader market.
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