Supermarket expected to announce rise in sales as questions linger over investigation into 2 Sister Food GroupTesco’s recovery under Dave Lewis since a series of profit warnings is likely to continue this week. Analysts at Deutsche Bank are expecting the supermarket to announce on Wednesday a rise in like-for-like sales in the moment quarter to 2% from 0.9% a year ago,despite the continuing competition from discounters Aldi and Lidl. They are forecasting underlying half-year earnings of £713m, up from £596m.
There is some suggestion that Tesco could start paying a dividend again. Clive Black at Shore Capital said: “Management has guided, or through the Booker merger announcement,its intention to recommence dividend payouts in [2017-18]. Our central expectation is that this would more likely than not to be a final payout but we shall watch with interest to see whether a token is offered at the interim stage. Such a move would be welcome and express confidence.Continue reading...
Source: guardian.co.uk