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Friday,17 June 2022 at 15:51
chain Tesco said
it was seeing early indications of changing customer behaviour as a result of
the cost-of-living crisis and inflationary environment.
Tesco reported a fall in first quarter sales, but maintained their annual
Like-for-like sales for the three months to May 28 fell 1.5% year on year to
Customers spent less online and in the chains major stores, but 6.2% more in
its convenience stores.
UK & European
markets closed slightly higher, bringing an end to a volatile
week as global stocks reacted to policy tightening from major central banks.
U.S. stocks steadied
after sliding to an 18-month low, as concerns over the prospects of a recession
Oil priced lower.
Gold fell, dented
by a stronger dollar and hawkish policy signals from major central banks.
At the close
FTSE 100 6,998 (-0.66%)
FTSE 250 18,930 +1.08%
DAX 13,118 +0.61%
Dow Jones 29,986 +0.22%
S&P 500 3,684 +0.49%
NASDAQ 10,808 +1.52%
UK 10-YR YIELD 2.501
Gold $1,844 (-0.71%)
Brent $114.46 (-3.66%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.