Tesco third-quarter update due this week
Analysts are awaiting the third-quarter update from retail giant Tesco this week with many forecasting that the company has turned the corner and is back on the upward trail after a difficult few months. However, confirmation that Tesco has recently forwarded 2010 discount vouchers to customers early, in order to catch the Christmas trade, has set some alarm bells ringing with a suggestion the company is trying to increase current trade ahead of the update.
The problem at the moment is the fact that the UK economy is still experiencing difficulties and analysts and experts will grab any positive or negative news and blow it out of all proportion. The truth is that by giving customers the chance to spend their February 2010 vouchers early they are giving customers exactly what they want. Let's not forget that Tesco is in the retail game, a game which is focused upon customer needs and custom requirements throughout the year.
It is likely that the trading update from Tesco will prove a useful pointer for the sector in general and we can expect a flurry of comments from analysts and experts as the information is released into the public domain.
Share this..
Related stories
ASDA Announces The 2p Banger
As more consumers struggle to find the money to cover everyday bills ASDA has stepped forward with the 2p banger!
While not necessarily the most nutritious of food the 2p banger has hit the headlines along with ASDA’s claim that it can supply a meal for a family of four for just £1.60. Whether you are in the market for a 40p meal for your family there is no doubt that the mo...
Budget Headlines : Income tax allowances to be reformed
Income tax allowances to be reformed - for those earning over £100,000...
Read MoreAustralian authorities increase interest rates yet again
At a time when the UK government is adamant that UK base rates will remain at around 0.5% for the foreseeable future we have today learnt that the Reserve Bank of Australia has pushed through another 0.25% base rate increase with the Australian rate now up to 4.25%. So why have the Australian authorities pushed through yet another rate rise? This is the fifth rate rise since October and brings...
Read MoreYoung homebuyers taking risks on mortgages
One in six (15 per cent) of young adults are prepared to borrow over four times their annual salary to get on the housing ladder, according to a new survey.The research by friendly society, LV= showed that young people are willing to take bigger financial risks than they can afford to buy their own home, and are often neglecting to take out financial protection.A third (30 per cent) of those quest...
Read MoreToyota Motor registers first loss since 1941
Japanese car manufacturer Toyota Motor has this evening announced its first loss since 1941 amid the carnage of the car manufacturing industry. This is the latest setback for an industry which has literally falling to its knees over the last few months with thousands and thousands of cars waiting to be delivered to forecourts never mind being sold.
The news from Toyota Motor is expe...