Investing.com - Here is a summary of the most important regulatory news releases from the London Stock Exchanges on Thursday, 9th January. Please refresh for updates.
Supermarket Tesco (LON:) said like-for-like sales grew by 0.1% over the Christmas period, marking its fifth consecutive year of growth during the Christmas period. Sales in its U.K. stores over the third quarter to Nov. 23 dipped 0.4%.
The U.K.’s number one supermarket said it performed well in a subdued market, with its biggest ever day of U.K. food sales in its history.
"In a subdued UK market we performed well, delivering our fifth consecutive Christmas of growth...this Christmas we had the biggest ever day of UK food sales in our history." said Chief Executive Dave Lewis.
Distribution services company Bunzl (LON:) announced the acquisition of U.S.-based grocery firm Joshen Paper & Packaging.
Joshen specialises in the distribution of packaging and other goods across 11 U.S. states. Bunzl (LON:) said in a statement it expected revenue for 2020 to be 220 million pounds for the company.
"The purchase of Joshen has increased our presence in the grocery sector and further enhanced our operations in the US.” said CEO Frank van Zanten.
Homeware store Dunelm Group (LON:) said like-for-like sales in the second quarter increased by 5.0%, which reflected strong growth across the total retail system. Its total growth, including new stores, was 6.2%. The firm’s updated website allowed for increased capacity of orders and it expects to introduce new 'online only' products in the coming year.
The company reported like-for-like sales for the first half of the year increased by 5.6%, with total growth of 6.0%.
The homeware company’s operating profit or the first half is expected to be approximately £83m, Dunelm said its outlook for the year remains unchanged. 