Your Daily Brief For October 5th

Your Daily Brief For October 5th

2 months ago1 min

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Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll look at Tesco's bumper results – and what they might mean for other grocery firms.

"Because shoppers cut back on other spending to put food on the table, supermarkets like Tesco are usually able to jack up prices pretty swiftly when inflation kicks in – and that makes their sales growth somewhat inflation-proof. Then, when inflation cools, those retailers can be slow to roll back price increases, which fattens profit margins. That's a formula investors often flock to in times like these."

Key takeaways:

  • British grocery giant Tesco upgraded its full-year forecast after a blinding first six months of the year
  • Investors have abandoned Europe's commercial property market, and this split could leave the sector in a truly tough spot


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Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

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