Thursday preview: Tesco's travails in the UK to continue

There are not many things Britain's number one retailer Tesco does not sell, or so it seems, but tin hats are not among their product lines, which is unfortunate as shareholders may have need of some protection when the supermarket chain issues its Christmas trading update on Thursday.

There are not many things Britain's number one retailer Tesco does not sell, or so it seems, but tin hats are not among their product lines, which is unfortunate as shareholders may have need of some protection when the supermarket chain issues its Christmas trading update on Thursday.

It is hard to find anyone who thinks that like-for-like (LFL) sales growth in the firm's UK stores will match that of Morrisons, let alone Sainsbury, both of which updated the market earlier this week. If that proves to be the case, the Tesco bulls will argue that the UK is becoming less and less important to Tesco, which has set its sights on becoming a major player in Asia and Central Europe, and a profitable niche player in the US.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.