FTSE LIVE: Tesco and John Lewis reveal good Xmas trading while M&S and Debenhams see sales fall; UK stocks set to open lower
- Tesco sales jumped 2.6% in the six week Christmas period
- M&S sales fell 2.2% ‘against the backdrop of difficult market conditions’
- Debenhams UK sales slumped 3.6%, with weak store footfall boosted by digital
- Sales across the John Lewis Partnership were up 1.4% to £2,207million
- A pullback in the US means European markets may open lower this morning
It is Super Thursday and retailer’s Christmas results are pouring in.
The UK’s biggest supermarket Tesco looks like it was the strongest of the Big Four grocers over Christmas, regestering a 2.6 per cent jump in sales.
Meanwhile, M&S sales slipped by more than 2 per cent in both food and clothing, and ailing Debenhams’ sales slipped 3.6 per cent, as some improvements online offset declining store footfall.
The Footsie is set to open slightly lower this morning after US markets pulled back after four strong days last night on reports that talks between President Trump and his Democrat counterpart Nancy Pelosi, broke down in acrimony.
On a bumper day of retail results, Tesco, M&S and Debenhams revealed their Christmas sales