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

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....



Forgot your password?