Tesco's boss says he 'thinks and hopes' food inflation, which stood at a record high in December, will start to ease in the second half of the year
Tesco's boss says he"thinks and hopes" food inflation, which stood at a record high in December, will start to ease in the second half of the year.
Grocery rival M&S said its like-for-like food sales were up by 6.3% on the same basis over the 13 weeks to 31 December. It reported a 3% fall in revenue during the four months to the end of December, driven by an 8% plunge in UK sales over the four weeks to Christmas.It blamed weak consumer sentiment and earlier cut-off dates for Christmas deliveries due to delivery problems caused by the Royal Mail strikes.Halfords, the motoring and cycling chain, cut the range of its annual profit outlook to between £50m and £60m, from £65m to £75m.
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