<\/p>\n
Tesco: momentum slowed<\/p>\n
Tesco may seek to take in some pain from the expected rise in inflation in order to protect its price advantage over rival supermarket chains, says AJ Bell.<\/p>\n
Despite its upbeat post-Christmas trading upate, year-end figures this week are expected to show that like-for-like sales growth fell short of expectations.<\/p>\n
\u201cThe post-Christmas trading update feels a long time ago given the energy shock created by the conflict in Iran,\u201d say Bell analysts.<\/p>\n
\u201cWhile the headlines from that statement suggested all was rosy in the garden \u2013 the company solidifying its position at the UK supermarket summit with its highest share of shoppers\u2019 spending in a decade \u2013 the market dug through the weeds and found some details it didn\u2019t like.<\/p>\n
\u201cMomentum slowed during the festive period and a poor showing for the company\u2019s wholesale business Booker acted as a drag on the wider group.\u201d<\/p>\n
DIARY<\/p>\n
Monday 13 April<\/p>\n
Full-year results from\u00a0Churchill China<\/p>\n
Trading statement from\u00a0Sirius Real Estate<\/p>\n
In the US, quarterly results from\u00a0Goldman Sachs<\/p>\n
Tuesday 14 April<\/p>\n
Trading statement from\u00a0Oxford Instruments<\/p>\n
In the US, quarterly results from\u00a0JPMorgan, J&J, Wells Fargo, Citigroup, BlackRock<\/p>\n
Wednesday 15 April<\/p>\n
Full-year results from\u00a0Saga<\/p>\n
Trading statements from\u00a0Barratt Redrow,\u00a0Hunting\u00a0and\u00a0Rank Group<\/p>\n
In the US, quarterly results from\u00a0Bank of America\u00a0and\u00a0Morgan Stanley<\/p>\n
Thursday 16 April<\/p>\n
Full-year results from\u00a0Tesco<\/p>\n
Trading statements from\u00a0Dunelm, Rentokil\u00a0and\u00a0Entain<\/p>\n
UK monthly GDP<\/p>\n
US unemployment claims<\/p>\n
In the US, quarterly results from\u00a0Netflix\u00a0and\u00a0PepsiCo<\/p>\n
Friday 17 April<\/p>\n
\t #Tesco #pain #inflationary #pressures #mount #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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