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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CONSUMER STAPLES SECTOR
Tesco (TSCO LN) sales figures out this morning and look marginally better than expectations (contrast with SBRY yesterday) but little consensus data out there.
- Total sales +6.4% but the key Xmas season decelerated (growth +6.0% but SBRY did mention exceptional prior year). UK & RoI were the highlights (+7.5% and +7.3%) with central Europe lower (-0.3%).
- Market share higher in both UK and RoI (+15bps and +73bps) with good transfer from premium retailers (apparently).
- Outlook: retail adj operating profit guidance raised to c.GBP2.75bn (from GBP2.6-2.7bn range).
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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