FTSE LIVE: Tesco reveals good Xmas trading; John Lewis set to axe staff bonuses; Debenhams and Halfords flounder
- 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
The FTSE 100 closed up 36.24 points at 6942.87 and the pound was at $1.28 against the dollar.
The UK’s biggest supermarket Tesco looks like it was the strongest of the Big Four grocers over Christmas, registering 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.
On a bumper day of retail results, Tesco, M&S and Debenhams revealed their Christmas sales