Thursday preview: Tesco unveils trading results

Tesco will be on everyone's lips Thursday as the world's third largest retailer releases a trading update.

Tesco will be on everyone's lips Thursday as the world's third largest retailer releases a trading update.

The supermarket giant was falling 0.80% to 348.65p on Wednesday afternoon ahead of the announcement.

That, despite a hike in shares in the lead up to trading results from other major retailers including Sainsbury which boasted it would emerge as a "clear winner" in Christmas sales despite reporting slowed growth over the holidays.

However, according to Kantar Worldpanel, Tesco raised its core grocery sales ahead of Sainsbury, Asda and Morrison in the lead up to Christmas.

The market researcher said Tesco's cash sales grew 4.2% in the four weeks to December 23rd, confirming the group led the UK majors for the second period running.

The grocer saw a 6.7 % jump in food and drink sales.

Asda's sales grew 3.7 % while Sainsbury rose 3.3% and Morrison fell 0.6%.

TRADING ANNOUNCEMENTS

Bwin.party Digital Entertainment, Goals Soccer Centres, Hays, Hilton Food Group, Rathbone Brothers, SIG, Tesco

IMS

Hilton Food Group, JD Sports, XP Power

INTERIM DIVIDEND PAYMENT DATE

Caledonia Investments, Creston, Mckay Securities, Morgan Crucible Co, Whitbread

QUARTERLY PAYMENT DATE

Land Securities Group, XP Power Ltd. (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Spanish and Italian Treasury debt auctions

ECB Interest Rate (EU) (12:45)

Weekly initial unemployment claims (US) (13:30)

Wholesale inventories (US) (15:00)

Q4

Sandvine Corp.

GMS

Capital & Regional

FINALS

Sandvine Corp.

IMSS

Marks & Spencer Group

EGMS

Bridge Energy Asa, NetDimensions Holding Ltd. (DI)

AGMS

Baronsmead VCT, Baronsmead VCT 2, Cardiff Property

UK ECONOMIC ANNOUNCEMENTS

MPC policy decision

RD

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Rightmove: UK house prices up £3,000 as property market rebounds
House prices

Rightmove: UK house prices up £3,000 as property market rebounds

Rightmove’s latest house price index shows the property market has been resilient despite an economic downturn
20 Mar 2023
Can I avoid IHT by stuffing all my money into a pension?
Personal finance

Can I avoid IHT by stuffing all my money into a pension?

The ditching of the lifetime allowance could enable millions of pension savers to avoid inheritance tax. We explain how.
20 Mar 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall below £2,000, based on average typical use, from July, for the first time since 2022. We have all the detai…
21 Mar 2023