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Tesco maintained its forecast for 2022-23 retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.9-$3.0 billion), down from the 2.65 billion pounds made in 2021-22.

It expects retail free cash flow of at least 1.8 billion pounds and profit from Tesco Bank of 120-160 million pounds.

LONDON, Jan 12 (Reuters) - British retailer Marks & Spencer reported strong Christmas sales on Thursday, with a better-than-expected increase in like-for-like food sales of 6.3%, delivering its best ever market share, and a 8.6% rise in clothing and home sales. (Reporting by Paul Sandle; Editing by Kate Holton)

you never know we could see £2 here again this year

The Telegraph,
Our tip of the year is ‘very cheap, very unloved and highly profitable’
Questor share tip: this fund management company is ideally placed for a bounce back when markets recover

little blip in the morning but recovered well

i have said FTSE would reach 7600 ,wow how wrong i was ,7765 now , we could see 8000 this year .

even larger today , nice

WOSG is so close to £10 ,maybe this week

What are you talking about mate,three weeks ago SDRY was under a £1 ,that is 50% up now , would you get that in any bank.

Mary , looks like you do that with every share you hold, please tell us next time you are selling, but not after the event ,lol

moving today though

That shows how much i know, i get my coat, lol .

Proactive Investors - The FTSE 100 is set to break its winning streak today and head lower at the open following a mixed showing in the US and ahead of a speech by Federal Reserve chairman, Jerome Powell, at a banking conference in Stockholm.

INDV recovered better than i thought , nice

not bad now ,heading the right way at 275p

TP ICAP is catching up to the markets and now is at 184p,nice

SHARE OF THE WEEK: Marks & Spencer shareholders hoping to put 2022 behind them when retailer delivers its post-Christmas update
By DAILY MAIL CITY & FINANCE REPORTER

PUBLISHED: 21:51, 6 January 2023 | UPDATED: 08:14, 7 January 2023

Consumer giant Reckitt and drugs firm Invidior hit by lawsuit linked to America's opioid crisis
By LUKE BARR, FINANCIAL MAIL ON SUNDAY

PUBLISHED: 13:55, 8 January 2023 | UPDATED: 13:55, 8 January 2023

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Consumer goods giant Reckitt Benckiser and drugs firm Invidior have been hit by a lawsuit linked to America's opioid crisis.

The UK class action relates to alleged false marketing of Suboxone - a drug used to treat opioid addiction - by Indivior, a former subsidiary of FTSE100 giant Reckitt, whose products range from Dettol to Lemsip.

It comes after the two companies agreed to pay a combined £1.66billion of fines to settle investigations by the US Department of Justice.

Allegations relate to losses suffered by shareholders in the wake of the Suboxone scandal +1
Allegations relate to losses suffered by shareholders in the wake of the Suboxone scandal

Lawyers at Mishcon de Reya have been drafted in by Wirral Borough Council to pursue the claim, but hundreds of other investors are also understood to be involved. The case is potentially worth hundreds of millions of pounds, sources said.

Allegations relate to losses suffered by shareholders in the wake of the Suboxone scandal.

FTSE 100 would be higher than ever this year, we could see 8000 ,up and away

Current trading and outlook



· Trading in the first six weeks of Q3 is in line with our expectations, and our FY23 guidance, as provided on 9 November, is unchanged reflecting current visibility of supply of key brands, announced pricing, and confirmed showroom refurbishments, openings, and closures and excludes uncommitted capital projects and acquisitions.



· We believe that the strength of the luxury watch and jewellery categories, the unique supply/demand dynamics of luxury watches and client registration lists, our portfolio of leading brand partnerships, and the success and agility of our model will continue to support long term sustainable sales growth. We remain confident in our Long Range Plan objectives.



· Guidance is on an organic, pre-IFRS 16 basis with H2 projected using a £/$ 1.20 exchange rate:

o Revenue: £1.50 - £1.55 billion

o Adjusted EBITDA %: flat to +0.5%

o Depreciation: £33 - £35 million

o Adjusted EBIT: £163 - £175 million

o Total finance costs: c£5.5 million reflecting higher interest rates

o Underlying tax rate: 21.5% - 22.0%

o Capex: £70 - £80 million including new offices in the UK

o Year end net cash: £35 - £45 million, with free cash conversion expected to be c.70%