Tesco raises profit forecast as M&S reports record customers

Retailers announce strong Christmas trading with Tesco Ireland reporting sales of €1.3 billion in the 19 weeks to January 6, up 7.5 per cent year-on-year

Tesco said it now expects a retail-adjusted operating profit of £2.75 billion for the year, up from a previous range of between £2.6 billion and £2.7 billion