Tesco and M&S sound alarm over rising costs: Retail giants face hit from Budget after bumper Christmas trading
M&S, led by boss Stuart Machin (pictured with Sienna Miller) reported £4.06bn in sales for the three months to 28 December.
Money blog: Another major UK city introducing tourist tax
The pound is trading at $1.22 this morning – a level last seen in November 2023. Elsewhere in the Money blog, Edinburgh is ...
M&S and Tesco shares sink despite record Christmas performance
Supermarkets may be celebrating a record Christmas, but the markets remained thoroughly unimpressed by retail stocks on a ...
Marks & Spencer vows to constrain price rises after Budget hit but warns task ‘not easy’
The retailer has already revealed it will be facing a £120 million hit to its wage bill from recent Budget measures, and ...
UK Supermarket Tesco Posts Record Christmas Amid Retail Fears
Britain's biggest retailer Tesco on Thursday reported record sales for the key Christmas season but shares in the supermarket and wider retail sector slid on concerns for the UK economy.
M&S vows to constrain price rises after Budget hit but warns task ‘not easy’
Shares plunged as boss Stuart Machin also cautioned of an ‘uncertain’ economic picture, taking the shine off bumper Christmas ...
FTSE closes higher as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. Sterling has lost a cent ...
UK midcaps end higher but rate jitters persist, retailers tumble
The UK's midcap stocks ended higher on Thursday, rebounding from a more-than-eight-month low touched earlier in the session, ...
'My gran went to Tesco for the first time – her brutal reaction was priceless'
A woman has shared the reaction of her grandma after she shopped at Tesco for the first time over Christmas. People were in ...
Gran goes viral after issuing hilarious damning review after first trip to Tesco
TikTok user Inca took to the site after capturing the moment when her grandma returned from Tesco extremely unimpressed after ...
Marketing Week8h
Tesco credits ‘biggest ever Christmas’ to increased value focus
The supermarket achieved its highest market share since 2016, now at 28.5%, after increasing its focus on value over the ...
Investors Chronicle8h
Tesco hits highest UK market share in almost a decade
Tesco's UK market share reached 28.5 per cent over the 12 weeks to 29 December, according to data provider Kantar. Growth of ...