Share tips: It’s time to buy this supermarket

This British supermarket giant had lost its way. But after a successful turnaround strategy, it's back on track, says Paul Hill - and now's the time to buy in.

I bet that, out of the big four British supermarkets, Tesco will report the strongest like-for-like sales growth this Christmas. That might seem a little contrarian given the firm's recent woes. So why am I bullish?

Firstly because, although UK sales fell 1.5% in the first quarter (Q1), there are tentative signs that the £1bn turnaround plan dubbed Build a Better Tesco' is beginning to work. Q2 saw like-for-like sales nudge up by 0.1% with its Everyday Value range shooting up 10%, after the grocer recruited 8,000 staff, ramped up promotions, modernised 230 stores and spruced up its fresh meats, fish and bakery counters.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.