Tesco’s rising share price leads FTSE 100 higher

first_img Tags: Company FTSE 100 Tesco by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElvenarIf You Like to Play, this Fantasy Game is a Must-Have. No Install.ElvenarBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MD Share Emma Haslett Tesco’s rising share price leads FTSE 100 higher whatsappcenter_img Thursday 8 January 2015 8:38 am whatsapp Show Comments ▼ Tesco became the biggest riser on the FTSE 100 this morning, with its shares jumping more than 11 per cent in lunchtime trading after it posted encouraging Christmas trading figures.By close of trading, Tesco’s share price had soared 16.4 per cent. The rally helped the FTSE 100 to rise almost 2.3 per cent. Other supermarkets were caught up in the frenzy, with Sainsbury’s shares rising 8.5 per cent, while shares in Morrisons rose 6.5 per cent. Unfortunately, rival Marks & Spencer failed to benefit, with shares falling 4.8 per cent on news of a 14th consecutive quarter of disappointing clothing sales, despite food sales rising 0.1 per cent.Today’s figures from Tesco mark the beginning of what is likely to be another difficult year for the supermarket, with chief executive Dave Lewis admitting this morning that management is “facing the reality of the situation”. But analysts suggested all the signs are in place that it is well placed to turn over a new leaf, having trimmed the fat, including Blinkbox and Tesco Broadband, and hired Matt Davies, currently chief executive of Halfords, to run its UK arm.The supermarket also plans to close its Cheshunt HQ, moving its UK and group centres to Welwyn Garden City, as well as launching another price-cutting campaign.”Tesco has a long way to go, but Dave Lewis is pulling the business in the right direction,” said Bryan Roberts, director of retail insights at Kantar Retail.Source: Google Finance More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comlast_img

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