M&S and Tesco hail strong Christmas performances – business live

1/13/2022 10:34:00 AM

M&S and Tesco hail strong Christmas performances – business live

Economics, Stock Markets

M&S and Tesco hail strong Christmas performances – business live

Rolling coverage of the latest economic and financial news, as Marks & Spencer , Tesco , ASOS and Card Factory update the City on retail Super Thursday

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.nior officials in Downing Street, had just told 100 staff: “After what has been an incredibly busy period we thought it would be nice to make the most of the lovely weather and have some socially distanced drinks in the No 10 garden this evening.By 09:01, Tue, Jan 11, 2022 | UPDATED: 09:01, Tue, Jan 11, 2022 Link copied Lord Alan Sugar says working from home is a 'wonderful thing' Sign up to receive our rundown of the day's top stories SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you.What rules would the Downing Street party have broken? It comes as the Conservative Party leadership faces a growing backlash after details emerged this week of a "bring-your-own-booze" party held at 10 Downing Street in May 2020 when the country was still under strict lockdown restrictions.

Marks & Spencer has hailed a strong Christmas as the UK retailer’s turnaround strategy starts to pay off.. Dominic Cummings, Boris Johnson’s most senior adviser, whose infamous trip to Barnard Castle that March was exposed on May 22, raised concerns with Reynolds, as did another Sponsored.. More info The ONS is due to publish its statistics on Tuesday to include output per worker...

as supermarket chain Tesco upgrades its profit outlook.7 percent above the 2019 average with a quarter-on-quarter rise of 0. M&S’s UK sales jumped by 8.9% in the last quarter, compared to pre-pandemic levels two years ago, a trading update just released shows. In the last 13 weeks of 2021, food sales were 12.6 percent below the 2019 average level, despite a 5.4% higher than in the last quarter of 2019, with M&S’s Retail parks and Simply Food stores “continued to outperform”.

Basket sizes increased, as customers used M&S for more of their everyday shopping -- perhaps splashing out on more high-end food to celebrate Christmas after a tough year. Clothing & Home sales, which have long been a problem area for M&S, rose 3. However, she added the BCC, which has 53 accredited Chambers across the UK, has seen businesses continue to adopt more flexible approaches with bosses and workers continuing to move away from the traditional nine to five.2% compared with two years ago. M&S says it is now “more confident” of hitting its recent upgraded profit forecasts of £500m -- unless new material restrictions or lockdowns are imposed. M&S’s chief executive, Steve Rowe, said: “Trading over the Christmas period has been strong, demonstrating the continued improvements we’ve made to product and value." She explained that a happier workforce tends to be more productive, adding that flexible and hybrid ways of working are now becoming the norm, though making sure employees felt included and enjoyed opportunities to meet colleagues remained vital for mental health.

Clothing & Home has delivered growth for the second successive quarter, supported by robust online and full price sales growth. Food has maintained its momentum, outperforming the market over both 12 and 24 months. The market continues to be impacted by the headwinds and tailwinds that we reported in the first half, but I remain encouraged that our transformation plan is now driving improved performance.” In what retail analysts are calling Super Thursday, Tesco has raised its profit outlook, reporting strong sales at large stores and convenience outlets, with online sales significantly ahead of pre-COVID levels. The UK’s biggest supermarket has reported a rise in Christmas sales, and declared that its market share is now the highest in four years.

Tesco’s UK like-for-like sales rose 0.3% year-on-year over the Christmas period, and were 8.8% higher than two years ago -- showing how grocers’ sales have benefitted from the pandemic. Tesco says that it now expects retail operating profits slightly above its previous guidance, after stronger than expected sales this year. Tesco CEO Ken Murphy says: “We are delighted that we were able to help our customers have a great Christmas.

Despite growing cost pressures and supply chain challenges in the industry, we continued to invest to protect availability, doubled down on our commitment to deliver great value and offered our strongest ever festive range. This put us in a strong position to meet customers’ needs as, once again, COVID-19 led to a greater focus on celebrating at home. As a result, we outperformed the market, growing market share and strengthening our value position. ASOS and Card Factory are also reporting results (we’ll get to them shortly..

.) Yesterday, supermarket group J Sainsbury, sportswear/fashion firm JD Sports and homeware chain Dunelm alo lifted their profit forecasts Today we also get the latest US jobless figures, which may show an impact from omicron on America’s labor market. Britain’s Office for National Statistics releases its weekly healthcheck on the UK economy, covering indoor dining, store shortages, credit card spending and gas prices (among other indicators) European stock markets are set for a subdued start, after US inflation hit its highest level since 1982 yesterday. The agenda .

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Ummmm tesco put out a luxury Xmas cake with NO glacé cherries. It was made to a Bulgarian recipe. The Bulgarians believe glacé cherries are their ancestors. So you can see why they left them out. Next year get someone British makes your cakes skanks

Inside the Downing Street lockdown party: Tesco rosé and jokes about drones“After what has been an incredibly busy period we thought it would be nice to make the most of the lovely weather and have some socially distanced drinks in the No 10 garden this evening” They don't know the meaning of the word busy or hard work! ПРИВЕТ МАЛЫШ

Work from home to stay! UK firms hail success of Britons staying out of officesUK business groups have hailed the benefits of working from home ahead of the latest productivity figures being released by the Office for National Statistics.

Conservative Christmas party: Shaun Bailey quits second roleThe resignations come after he was photographed attending a Christmas party during lockdown in December 2020. Meaningless. He should resign his seat on the London Assembly. But then he’s a politician, integrity is never a bedfellow. ConHome JamesCleverly you championed this man for mayor of London!! What a waste, he’s a good bloke

Inside the Downing Street lockdown party: Tesco rosé and jokes about drones“After what has been an incredibly busy period we thought it would be nice to make the most of the lovely weather and have some socially distanced drinks in the No 10 garden this evening” They don't know the meaning of the word busy or hard work! ПРИВЕТ МАЛЫШ

London School that banned designer trainers now in top ten UK schoolsLatest London news, business, sport, showbiz and entertainment from the London Evening Standard. Thank you for information. Did you know that many Jews are against what Israel is doing to the Palestinians? Interesting... but correlation (in your headline), is not necessarily causation. *Just saying*

How health care is turning into a consumer productAfter a series of abortive attempts to tiptoe into the health business the technology giants are finding their feet at last Get the latest news and analysis on Israel and the Middle East In the U.S., fake freedoms disguise themselves as real ones: in being deprived of universal healthcare, you are told that you are being given a new freedom of choice (to choose not to be vaccinated, to choose your healthcare provider). Affordable high quality health care for all is a basic human right of all common citizens

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.nior officials in Downing Street, had just told 100 staff: “After what has been an incredibly busy period we thought it would be nice to make the most of the lovely weather and have some socially distanced drinks in the No 10 garden this evening.By 09:01, Tue, Jan 11, 2022 | UPDATED: 09:01, Tue, Jan 11, 2022 Link copied Lord Alan Sugar says working from home is a 'wonderful thing' Sign up to receive our rundown of the day's top stories SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you.What rules would the Downing Street party have broken? It comes as the Conservative Party leadership faces a growing backlash after details emerged this week of a "bring-your-own-booze" party held at 10 Downing Street in May 2020 when the country was still under strict lockdown restrictions.

Marks & Spencer has hailed a strong Christmas as the UK retailer’s turnaround strategy starts to pay off.. Dominic Cummings, Boris Johnson’s most senior adviser, whose infamous trip to Barnard Castle that March was exposed on May 22, raised concerns with Reynolds, as did another Sponsored.. More info The ONS is due to publish its statistics on Tuesday to include output per worker...

as supermarket chain Tesco upgrades its profit outlook.7 percent above the 2019 average with a quarter-on-quarter rise of 0. M&S’s UK sales jumped by 8.9% in the last quarter, compared to pre-pandemic levels two years ago, a trading update just released shows. In the last 13 weeks of 2021, food sales were 12.6 percent below the 2019 average level, despite a 5.4% higher than in the last quarter of 2019, with M&S’s Retail parks and Simply Food stores “continued to outperform”.

Basket sizes increased, as customers used M&S for more of their everyday shopping -- perhaps splashing out on more high-end food to celebrate Christmas after a tough year. Clothing & Home sales, which have long been a problem area for M&S, rose 3. However, she added the BCC, which has 53 accredited Chambers across the UK, has seen businesses continue to adopt more flexible approaches with bosses and workers continuing to move away from the traditional nine to five.2% compared with two years ago. M&S says it is now “more confident” of hitting its recent upgraded profit forecasts of £500m -- unless new material restrictions or lockdowns are imposed. M&S’s chief executive, Steve Rowe, said: “Trading over the Christmas period has been strong, demonstrating the continued improvements we’ve made to product and value." She explained that a happier workforce tends to be more productive, adding that flexible and hybrid ways of working are now becoming the norm, though making sure employees felt included and enjoyed opportunities to meet colleagues remained vital for mental health.

Clothing & Home has delivered growth for the second successive quarter, supported by robust online and full price sales growth. Food has maintained its momentum, outperforming the market over both 12 and 24 months. The market continues to be impacted by the headwinds and tailwinds that we reported in the first half, but I remain encouraged that our transformation plan is now driving improved performance.” In what retail analysts are calling Super Thursday, Tesco has raised its profit outlook, reporting strong sales at large stores and convenience outlets, with online sales significantly ahead of pre-COVID levels. The UK’s biggest supermarket has reported a rise in Christmas sales, and declared that its market share is now the highest in four years.

Tesco’s UK like-for-like sales rose 0.3% year-on-year over the Christmas period, and were 8.8% higher than two years ago -- showing how grocers’ sales have benefitted from the pandemic. Tesco says that it now expects retail operating profits slightly above its previous guidance, after stronger than expected sales this year. Tesco CEO Ken Murphy says: “We are delighted that we were able to help our customers have a great Christmas.

Despite growing cost pressures and supply chain challenges in the industry, we continued to invest to protect availability, doubled down on our commitment to deliver great value and offered our strongest ever festive range. This put us in a strong position to meet customers’ needs as, once again, COVID-19 led to a greater focus on celebrating at home. As a result, we outperformed the market, growing market share and strengthening our value position. ASOS and Card Factory are also reporting results (we’ll get to them shortly..

.) Yesterday, supermarket group J Sainsbury, sportswear/fashion firm JD Sports and homeware chain Dunelm alo lifted their profit forecasts Today we also get the latest US jobless figures, which may show an impact from omicron on America’s labor market. Britain’s Office for National Statistics releases its weekly healthcheck on the UK economy, covering indoor dining, store shortages, credit card spending and gas prices (among other indicators) European stock markets are set for a subdued start, after US inflation hit its highest level since 1982 yesterday. The agenda .