Marks & Spencer today said it had delivered a strong Christmas trading performance after seeing like-for-like sales growth of 7.2% in the 13 weeks to 13 December.
In a busy session for retail updates, Tesco boss Ken Murphy said the UK’s biggest supermarket chain had delivered a strong market share performance over the festive period. Both companies left their annual profit guidance unchanged.
Other updates today include from ASOS, Halfords. housebuilder Persimmon and Centrica, with the British Gas owner forecasting annual earnings ahead of market expectations at more than 30p a share.
US inflation fell by 0.1% month-on-month, adding to hopes that price rises may have peaked and that the Federal Reserve’s fight against price rises is working.
