Tesco stock rises after buyback filing as UK spending signals stay shaky
Tesco shares rose 0.9% to 425.1 pence in early London trading Thursday after the company disclosed it bought back 476,674 shares on Jan. 14 as part of its £1.45 billion buyback plan. The retailer will cancel the repurchased shares. UK retail data showed food sales up 3.1% in December, while non-food sales slipped 0.3%.