Festive seasons brings no good tidings for Tesco
Tesco, Asda and Morrisons all saw sales slump in the 12 weeks to December 6.
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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, Asda and Morrisons all saw sales slump in the 12 weeks to December 6.
Investments and investor services
The FTSE100 ended the day almost 15 points lower to 6,223.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
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Update: Comment added on Bezant and Galileo.
B&M warned "greater-than-budgeted" store opening costs had brought short-term operational challenges.
Sales at Tesco fell 2.5% in the 12 weeks to November 8
Sainsbury's said underlying pre-tax profit fell 17.9% to £308mln
Lewis says business rates and wage plans may create "lethal cocktail" of costs
Travel firms, car sales and Facebook,were among the eclectic topics brightening up a grey and dismal Guy Fawkes day.
The City expects Morrisons to provide an update on its turnaround plan
Investments and investor services
Costa Coffee and Premier Inn owner Whitbread and Holiday Inn-owner Intercontinental Hotels Group did their best to boost the index.
As London's blue chips looked like they were heading in one direction - south - the rest of the City was focused on China's state visit..
Rob Collins, Waitrose’s retail director, will take over from Price.
Headline dividends totalled £27.2bn in third quarter of 2015, up 6.8%
Archive
Two heavyweights came together on Monday, with JP Morgan Cazenove posting a note on much-in-the news miner and trader Glencore.
Tesco (LON:TSCO) is a regular In the most followed section, but today the chatter was about a revival as it revamped its price matching Price Promise scheme.
Investments and investor services
Caution on the growth outlook and the lack of any increase in the number of hawks on the committee makes a rate hike this year unlikely