<p> Analysts are predicting that Britain’s biggest retailer, Tesco, is likely to report another drop in UK sales next week, sparking further questions about the progress of its turnaround strategy. According to Telegraph, analysts at Deutsche Bank and Barclays have released new notes forecasting that Tesco’s like-for-like sales fell by at least 1.5pc in the third quarter of its financial year. The notes helped to send Tesco shares down 2pc to 347.60p in afternoon trading, although the company is also trading ex-dividend.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> Tesco isn’t the only supermarket under growing pressure in the UK. Asda, Sainsbury’s, and Morrisons are all losing market share in the European market, due to discounters Aldi and Lidl, and Waitrose, the upmarket supermarket.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> James Anstead, analyst at Barclays, said that Tesco is likely to report a 1.8pc drop in like-for-like sales for the third quarter, compared to flat sales in the previous three months. “It seems unlikely that Tesco’s Q3 trading statement will be the turning point that the market is looking for,” he said, citing weaker market growth as the reason for the slowdown. Despite the sales decline, analysts at Deutsche Bank expect a relatively reassuring message on UK margins, reflecting a broadly stable market share performance.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> Stay tuned to AndNowUKnow for more news on Tesco’s sales.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10475621/Tesco-sales-expected-to-fall-again-in-third-quarter.html " target="_new"> Tesco Sales Under Pressure </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">
