Its outlook sees "highly uncertain" market conditions in 2024, but mortgage rates easing is already helping demand. - Today says FY 12/2023 operating profit at top end of guidance (£440-470m), which it says is in line with expectations. This week so far we have -J Sainsbury (LON:SBRY) - yesterday it reiterated full year profit guidance at £670-700m. Tesco (LON:TSCO) - today says it traded well over Xmas, and raises retail op profit guidance to £2.75bn (previously £2.6-2.7bn). Uncertain outlook for FY 3/2025, and increased costs, esp labour & business rates.

Source: The Guardian January 11, 2024 09:46 UTC