Tesco stabilises

Nine months into a plan to overhaul the UK business and one year after its profit warning, Tesco’s (TSCO) Christmas sales figures look relatively underwhelming. In the six weeks to 5 January, group like-for-like sales excluding petrol were up 0.3 per cent. UK like-for-like sales excluding petrol and stripping out sales from clubcard vouchers were broadly in line with expectations, rising 1.4 per cent, boosted by better food and online sales.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now