The supermarket chain reiterated its profit target for its fiscal year after reporting sales growth of 3.1% during the Christmas period.

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Tesco Plc said its share of the UK market reached the highest since 2016 after the supermarket saw strong volume growth on food sales.

Tesco , Britain's biggest supermarket group, kept its full-year profit outlook on Thursday as it reported a 4.1% rise in underlying UK sales for the key Christmas trading period, in line with analysts' expectations,

The UK’s biggest supermarket chain reported UK and Ireland like-for-like sales, excluding fuel and VAT, up 3.7% over the six weeks to January 4.

Tesco has recorded its highest market share since 2016 after ringing up a rise in sales as it said customers switched to the supermarket over the crucial Christmas season.

Sales were up in its third quarter and over the Christmas season for British supermarket chain Tesco compared to the same period of the previous year. Tesco reported on Thursday that its third quarter retail like-for-like sales excluding value-added tax (VAT) and fuel increased by 2.