Tesco and M&S ring up strong Christmas food sales as Asda struggles
Both retailers extend share of competitive UK grocery market over festive period
Both retailers extend share of competitive UK grocery market over festive period

Cautious spending in ‘golden quarter’ exposes divide between the UK’s stronger retailers and those that have failed to adapt

Supermarket group’s shares fall sharply as poor performance at Argos offsets strong Christmas grocery sales

Sainsbury’s, Morrisons and Iceland are seeking to stop discounters preventing them opening stores nearby

UK’s largest supermarket chain posts flat full-year profits

Proceeds from supermarket, warehouse and petrol station sales have been used to cut debt accrued in leveraged buyouts

Spectre of another surge in inflation leaves struggling consumer goods groups with difficult decisions