Tesco and M&S see sales soar over Christmas

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Tesco and M&S see sales soar over Christmas
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Both retailers saw strong trading during the festive period as higher prices boosted sales.

This week, industry body the British Retail Consortiumrather than people buying more.

The retailer said this growth included "particular strength" in fresh food, with 8.1% growth, as shoppers continued to spend on essentials. Looking ahead Mr Murphy said Tesco hoped that inflation would peak towards the middle of the year. "We think and hope we will start to see inflation come off in the second half of the year," he said.

The retailer, which is seen as a bellwether of the UK High Street, saw clothing and home comparable store sales rise by almost 9%.

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