FTSE 100 Live 09 January: Marks & Spencer and Tesco post festive updates, pound lower Tesco said it delivered its biggest ever Christmas after UK like-for-like sales growth accelerated to 4.1% in the six weeks to 4 January.
Marks & Spencer today reported “another good Christmas” after like-for-like sales rose 6.4% in the 13 weeks to 28 December.
Sales records included the biggest single day in Food and the best ever online week for Clothing, Home & Beauty.
The festive performance followed 3.8% growth in the quarter to 23 November, leaving Tesco’s market share at the highest since 2016 at 28.5%.
Chief executive Stuart Machin said: "This was another good Christmas for M&S, building on a strong performance in the prior year.”.
