Tesco's global presence is its attraction for investors

Graham Spooner, investment adviser at The Share Centre explains why Tesco remains his preferred pick of the supermarkets.

"This morning Tesco announced an 8.8% rise in sales for Q3, with its international business leading the way. Overall, sales in international waters were up 15.7% as Tesco's strategy of global expansion - particularly in to Asia - proved successful, with sales in Asia rising 23.4% at actual exchange rates.

"Tesco's global presence is fast becoming the big attraction for investors, especially as it is looking to expand even further afield by introducing cash and carry type stores to India.

"Investors should also note the group remains committed to its US start up business and expect it to be profitable by 2013.  It is also keen to expand its retail banking operations. If they are successful, long term shareholders should benefit further.

"As one of the most dynamic companies in British retailing, Tesco's success is down to a well executed strategy, concentrating on keeping prices down, margins steady and extending range and volume."