U.K. Grocers' Stocks Fall on Cost Woes Despite Positive Christmas

Shares in Tesco, Sainsbury’s and M&S have fallen as higher salaries and increased national insurance contributions, together with inflation and higher-for-longer interest rates, set the tone for a challenging year ahead.

Topics

U.S. stocks got clobbered Friday despite a blockbuster jobs report. What’s going on?

Rising bond yields are heaping pressure on equities as investors fear a resurgence of inflation.
MarketWatch - 3h
California wildfires send power company Edison International’s stock falling

The company will likely face questions over whether any of its power lines may have contributed to the fires. No officials have made any statements on this issue.
MarketWatch - 5h
We're buying more of this retail stock that's showing positive sales momentum

The company is having a nice fourth quarter, according to a note published by Truist on Friday.
CNBC - 11h
Pound falls to lowest in over a year after UK borrowing costs rise

Economists have warned the rise could mean further tax hikes or spending cuts by the government.
BBC News - 1d
Nvidia’s stock falls further — but analysts see a future that’s brighter than ever

Nvidia’s talk of huge market opportunities in autonomous driving and robotics is “potentially comforting for investors thinking about what might come next for the company,” an analyst says.
MarketWatch - 2d
Steep costs of Irish reunification deter Dublin despite tax windfall

Ending division between north and south could lead to €20bn bill every year for two decades
Financial Times - 5d
Kweichow Moutai Expects to Meet Revenue Growth Target Despite China Market Woes

Chinese liquor giant Kweichow Moutai expects to meet its revenue growth target for 2024 despite subdued consumer sentiment and slumping wholesale prices in its home market.
The Wall Street Journal - Jan. 2
Google’s antitrust woes spark analyst downgrade of Alphabet’s stock

JMP Securities cited “the risk of antitrust penalties that could significantly impact Google’s U.S. distribution of search and search revenue.”
MarketWatch - Jan. 3
Reinsurance costs fall as sector deploys record capital

Decrease follows two years of bumper profits for providers
Financial Times - Jan. 2

U.K. Grocers' Stocks Fall on Cost Woes Despite Positive Christmas

Topics

Related

U.S. stocks got clobbered Friday despite a blockbuster jobs report. What’s going on?

California wildfires send power company Edison International’s stock falling

We're buying more of this retail stock that's showing positive sales momentum

Pound falls to lowest in over a year after UK borrowing costs rise

Nvidia’s stock falls further — but analysts see a future that’s brighter than ever

Steep costs of Irish reunification deter Dublin despite tax windfall

Kweichow Moutai Expects to Meet Revenue Growth Target Despite China Market Woes

Google’s antitrust woes spark analyst downgrade of Alphabet’s stock

Reinsurance costs fall as sector deploys record capital

More from The Wall Street Journal

Trump Organization Says Incoming President Will Separate Himself From Family Business

EU Competition Regulator Conditionally Clears Synopsys' $35 Billion Ansys Deal

DOJ Sues to Block Global Business Travel Group's $570 Million Deal for CWT Holdings

Basic Materials Roundup: Market Talk

Energy & Utilities Roundup: Market Talk

More in Business

Nordstrom raises sales outlook after holiday season was better than feared

Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025

Mexico to Avoid U.S. Tariffs, Economy Minister Says

As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump

Reeves seeks to revive City of London links with China