Tesco lifts profit forecast after strong Christmas, and M&S beats expectations – business live
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Online growth and high demand for festive treats fuel lift in Tesco profit forecast and 10% sales rise at M&S
By Michael Susin Tesco raised its profit guidance for the second time this fiscal year after it saw stronger-than-expected volume growth in the U.K. market...
Tesco has updated its profit guidance for the year, following what it said was a 'stronger trading performance than anticipated' in Q3.
Shares in Tesco declined on Thursday despite the supermarket giant raising its profit guidance following a strong Christmas trading period, as the retailer faced fresh allegations of profiteering in the midst of a cost-of-living crisis.