Tesco (TSCO LN) CEO says he does not believe the UK's November budget had a material impact on Christmas trading; says UK consumer sentimer is currently "mixed"

The CEO of Tesco's comments suggest that the recent UK budget is unlikely to significantly influence holiday sales, indicating a cautious outlook for retail performance amid a "mixed" consumer sentiment.

Newsquawk StaffPublished 8 Jan 2026, 08:22 UTCOn the live feed at 08:02 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

08:10

EUROPEAN OPEN: MKS LN misses LFL sales expectations; TSCO LN sees FY profit in upper-end of guidance range; Trump aims at defence companies; AM FP deliveries above expectations

08:06

European Movers: Leonardo (LDO IM) +4.1%, Vallourec (VK FP) +1.6%, Repsol (REP SM) +1.2%, Greggs (GRG LN) -2.7%, Tesco (TSCO LN) -4.7%, AB Foods (ABF LN) -10.7%

08:02

Tesco (TSCO LN) CEO says he does not believe the UK's November budget had a material impact on Christmas trading; says UK consumer sentimer is currently "mixed"

08:00

Czech Industrial Production MoM (Nov) M/M 2.4% vs. Exp. -1.0% (Prev. -0.1% )

08:00

Namibian Inflation Rate MoM (Dec) M/M 0.10% vs. Exp. 0.2% (Prev. 0.00%, Rev. 0%)

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Context

This could imply resilience in the sector despite broader economic uncertainties. Traders might want to watch for further insights from Tesco or similar retailers that could provide clearer signals on consumer spending trends leading up to the holidays.

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