Tesco has kept its full-year profit outlook as it reported a 4.1% rise in underlying UK sales for the key Christmas trading period, in line with analysts' expectations, winning market share from rivals.

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Tesco keeps profit outlook after Christmas sales rise

The bakery chain made £2 billion in annual sales for the first time last year, but warned of ‘lower consumer confidence’ in recent months.

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The supermarket giant saw UK and Ireland like-for-like sales, excluding fuel and VAT, rise 3.7% in the six weeks to January 4 and record trading in the week before Christmas

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Tesco Triumphs in Christmas Sales Surge  Tesco, Britain's largest supermarket chain, announced a 4.1% increase in UK sales for the crucial Christmas season, meeting analysts' expectations and expanding its market share.The retailer, which commands a 28.5% share of the UK's grocery market, maintained its forecast for a retail adjusted operating profit of about 2.9 billion pounds ($3.6 billion) for the fiscal year ending February 2025.This forecas…

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Tesco Triumphs in Christmas Sales Surge

Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said.  That’s more than double the market average of 2.1 per cent.  Sales totalled £10,492m in the 12 weeks to December 29, according to Kantar – nearly twice as much as its closest competito…

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Tesco shares drop despite bumper Christmas trading

Welsh rugby hero Alun Wyn Jones at a Tesco store in Swansea to help deliver the first bottles and cans of his rum liqueur, Mimosa Rwm Espiritu. Photo Tesco/PA Wire Tesco has cheered its highest market share since 2016 after ringing up a rise in sales as it said customers switched to the supermarket over the crucial Christmas season. The UK’s biggest supermarket chain reported UK and Ireland like-for-like sales, excluding fuel and VAT, up 3.7% ov…

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Tesco cheers highest market share since 2016 after strong festive sales

British interest rates are rising sharplyEveryone is talking about Greenland and Donald Trump. Maybe we should also talk about the UK. Here, interest rates are rising sharply – and the historical comparisons are remarkable

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Bakery chain says fewer shoppers on high streets over Christmas also to blame in ‘more challenging market’
Greggs, the UK’s biggest bakery chain, has reported slowing sales growth over the festive period, blaming weakening consumer confidence and fewer shoppers on high streets.
The company said…

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Greggs sales growth slows amid ‘lower consumer confidence’

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Tesco keeps profit outlook after Christmas sales rise

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