Blog: Dean BestTesco has its "fingers crossed"

Dean Best | 5 December 2007

Try not to be fooled by the accelerated growth in UK retail sales in November.

Discounts are believed to have driven the increased spending, which has lead many to believe consumers will be watching the pennies this Christmas.

Tesco’s finance chief Andrew Higginson gave away some of the sector’s pessimism with a call for the Bank of England to cut interest rates.

Higginson told the Thomson Financial News Agency that shoppers were being “very cautious” and that he is keeping his “fingers crossed” during the key Christmas period.

He’s unlikely to be alone.


BLOG

Plenty of hot air as UK politicians grill Asda, Sainsbury's over merger

UK Parliamentary select committees at their best are meant to bring light rather than generate heat but this wasn't a select committee at its best....

BLOG

Asda and Sainsbury's - deal or no deal?

The proposed merger between Asda and Sainsbury's - two of the UK's 'big four' supermarkets - is, as expected, getting people hot under the collar....

BLOG

Carrefour, Google team up as France's online grocery shake-up continues

France's largest food retailers have made a number of moves in recent quarters to try to tap into the growth of the country's online grocery market - and this week another notable venture has been ann...



Forgot your password?