Marks & Spencer: Like-for-like food sales rose 9.9% in the 13 weeks to Dec. 30, ahead of the most optimistic analyst forecasts, while clothing and home growth of 4.8% also soundly beat market expectations of a 2.8% rise.
European stocks closed notably lower on Thursday on concerns the Federal Reserve will likely hold interest rates higher for longer after data from the Labor Department showed an acceleration in U.
There’s limited domestic economic data and very limited set-piece corporate news flow in the coming week, although the numbers due will give some insights into trends for the coming year.
Competition has long been tight in the local grocery market, but if last week is anything to go by, things are going to get even more intense this year.