UK food retailers ring up Christmas sales Archives - Just Food
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UK food retailers ring up Christmas sales

What the analysts say – City verdict on Tesco

What the analysts say – City verdict on Tesco

Tesco's trading update - which included another fall in UK sales - and a forecast for weak profit growth in its next financial year sent shockwaves through the City and the wider UK economy. Here, leading analysts run the rule over Tesco.

UK: Tesco shares tumble on bleak profit outlook

UK: Tesco shares tumble on bleak profit outlook

Shares in Tesco fell by more than 15% this morning (12 January) after the retailer reported another fall in UK sales and warned profits would not grow as fast as expected in its current financial year and in the next 12 months.