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    Stock Market News: Volatility Up 14% As Markets Fall

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Tesco does not expect more than short-term shortages over coronavirus By Reuters

Trade News by Trade News
March 12, 2020
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Tesco does not expect more than short-term shortages over coronavirus By Reuters
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https://www.investing.com/

LONDON (Reuters) – Britain’s biggest supermarket Tesco (L:) does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said on Thursday.

John Allan, also the president of the business lobby group the CBI, told BBC Radio there was plenty of product in the supply chain and shoppers did not need to panic buy.

“We and our competitors are refilling our supply chains as rapidly as ever we can, I think we’re unlikely to see anything more than very short term temporary shortages of certain products,” he said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and…



Source investing.com

Tags: coronavirusexpectReutersshortagesshorttermTesco
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