M&S continues its recovery

Morgan Stanley is forecasting a rise of 3.4 per cent for third quarter trading by M&S, which announces its figures for the quarter on January 10, with food sales buoyant. Profits of £705 - £720 million are forecast for 2006, and of £765 million to £847 million in 2007.

Tesco will announce its Christmas trading results on 17 January, Sainsbury will update the market on 12 January, while Wm Morrison has yet to set a date for its update announcement. Tesco and Asda started a price war last week by slashing prices on hundreds of food and non food lines. Tesco is cutting prices by up to 50 per cent and Asda is making £40 million worth of price cuts.

My Account

Spotlight

Webinars 
Guides 

Most read

Social

Following the Prime Minister's speech on Brexit, are you more or less confident about leaving the EU?

Calendar