Rachel Reeves’s tax raid on farmers is putting Britain’s food security at risk and must be paused, Tesco has warned.
Discover the best credit cards to save money, earn rewards and travel smarter.
It is hard to get excited after looking at Tesco's (LON:TSCO) recent performance, when its stock has declined 2.2% over...
Check the best savings accounts to find a top-rated deal that works for you.
Discover the best credit cards to save money, earn rewards, and travel smarter.
Here the PA news agency looks at who the festive success stories are so far, and which retailers have appeared more downbeat.
For retailers, understanding these trends is critical to offering the right mix of products and services that resonate with health-conscious consumers.
TSCDY vs. WMT: Which Stock Is the Better Value Option?
Check the best savings accounts to find a top-rated deal that works for you.
Sainsbury’s told shareholders it is on track to increase its profits for the year, in line with previous targets.
Shares plunged as boss Stuart Machin also cautioned of an ‘uncertain’ economic picture, taking the shine off bumper Christmas trading.
Tesco has said it may be forced to raise prices in response to a £250m blow from Rachel Reeves’s tax raid.
Shares in Britain's Marks & Spencer and other retailers fell on Thursday, with 2 billion pounds ($2.45 billion) wiped off the sector, as concern about ebbing consumer confidence and economic weakness overshadowed healthy Christmas trading. Retailers, already facing weak consumer sentiment, are bracing for higher costs from April, when employer taxes and the minimum wage are set to rise. With inflation also forecast to tick up, retailers anticipate a tough year.
The latest investor updates on stocks that are trending on Thursday.
(Bloomberg) -- Tesco Plc and Marks & Spencer Group Plc were hit by a selloff in UK retailer stocks, as mounting concerns about Britain’s economy and the impact of Labour’s tax-raising budget outweighed solid holiday season sales.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Lear
The UK’s biggest supermarket chain reported UK and Ireland like-for-like sales, excluding fuel and VAT, up 3.7% over the six weeks to January 4.
Discover the best credit cards to save money, earn rewards, and travel smarter.
The boom in spending was driven by average U.K. households making 17 shopping visits in December, according to Kantar data.
Waitrose was identified as the most expensive for 11 of the 12 months throughout the year.
A basket of 56 groceries cost £100.29 at the discount retailer.