Tesco PLC shares weak reflecting some disappointment at Christmas sales mix
Tesco only saw its group like-for-like sales increase by 0.3% over the Christmas trading period, with 0.7% growth in the UK, but a 1.2% decline internationally.
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LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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Tesco only saw its group like-for-like sales increase by 0.3% over the Christmas trading period, with 0.7% growth in the UK, but a 1.2% decline internationally.
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
The ‘Big Four’ supermarkets look to be slowly reviving after a tortuous few years, helped by the return of food price inflation, but growth of Lidl and Aldi continues.
Britain's second biggest supermarket posted like-for-like sales growth of 0.1%, excluding fuel, while high street chain Argos saw its like-for-like sales increase by 4.0%.
FTSE 100 shares appear positively related to the Nasdaq as the London ticker again hits a fresh record high on Wednesday - its tenth successive
Research group Kantar Worldpanel said Tesco’s sales grew by 1.3% over the 12 weeks to January 1, outperforming Morrisons’ 1.2% growth, and falls by Sainsbury and Asda.
Morrisons said sales at stores open over a year, excluding fuel, rose by 2.9% in the nine weeks to January 1, smashing analysts’ average forecast for growth of 1.1 %.
The FTSE 100 index has closed at a record high for the ninth day in a row on Tuesday, the longest such stretch in history, as the bourse got a boost from a weaker home currency
In a review of the European food retail sector, the US bank’s analysts downgraded their rating for Morrisons to ‘underperform’ from ‘neutral’.
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
The grocery chains are all set to release trading statements covering the Christmas trading period, and Morrisons could be the surprise performer, Exane believes
It was a fantastic year for the miners, less so for the airlines and the retailers.
Till-roll data analysis by research firm Kantar Worldpanel showed Tesco's sales rose 1.6% year-on-year in the 12 weeks to December 4, taking its UK market share up to 28.3%, up from 28.0% a year earlier.
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FTSE 100 shares extended gains in the second half of Tuesday to close comfortably up in tendem with record-breaking gains on Wall Street
HSBC was impressed by a very detailed presentation and recovery plan
FTSE 100 shares sank on Friday as gold miners were out of love in the midst of the rising dollar which hit yellow metal prices
"Industry growth of +1.1% was higher than the +0.2% in Oct, but adjusted for comps, growth rate was flat," said Macquarie
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UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
The shares, up 36% in the last year, added a further 6.05p to settle at 204.5p.