Money Minute, Wednesday 2 October: Tesco results and UK construction
Today we get first-half figures from supermarket giant Tesco, the latest ISM Construction Index for the UK, and US payrolls data.
This morning, in the UK, we get first-half figures from supermarket giant Tesco.Inevitably, any comments on the potential impact of Brexit will be pored over closely by the press.However, investors will pay most attention to like-for-like sales growth, and for signs of any strategy to tackle competition from the discount chains, Aldi and Lidl.
There may also be comment on Tesco's recent decision to sell its mortgage business to Lloyds Banking Group.
We also get the latest ISM Construction Index for the UK.The reading for August showed the sharpest decline since August 2009. Recent weak readings have largely been blamed on uncertainty over the timing and outcome of Brexit.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
In the US, we get the ADP private payrolls data. Markets keep an eye on this as it is often seen as providing a sneak preview of Friday's unemployment data, although the correlation between the two is weak.A big surprise in either direction could move the market.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Four AI ETFs to buy
Is now a good time to buy AI ETFs? We examine four AI ETFs that investors might want to add to their portfolio
By Dan McEvoy Published
-
Chase boosts easy-access interest rate - savers could earn 4.75%
Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
By Jessica Sheldon Published
-
My six big predictions for 2014
Features There are plenty of things to worry about in 2014. But there are plenty of opportunities too, says Ed Bowsher. Here, he makes six calls for the year to come.
By Ed Bowsher Published
-
How Tesco became Britain's top supermarket
Features Rather than low prices, it is cutting-edge customer intelligence which has given Tesco its competitive advantage. But as Sainsbury's and Asda fight back, could the days of Tesco's dominance be over?
By moneyweek Published