Xmas Jumper

Last week saw a series of trading updates from UK retailers, revealing a mixed bag of festive success and lack thereof. While Tesco enjoyed something of a revival, investors were quick to shrug off sales growth over the period and its share price fell in the second half of the week. By contrast, Marks and Spencer’s share price jumped on news that the multinational retailer enjoyed a better-than-expected December and had achieved its first like-for-like sales growth in more than two years. Chief executive Steve Rowe has made the reinvigoration of the company’s clothing business a key target.