Trading update stated:
Like-for-like sales during the Christmas period, excluding fuel, grew 2.8% year on year, as the company backed its full-year guidance
Retail sales increased by 2.1% at Britain’s fourth-largest grocer, while wholesale sales were up 0.7%
Rival supermarket chain J Sainsbury is scheduled to report its trading performance on Wednesday and the U.K.’s biggest grocer, Tesco, is set to report on Thursday
As of 8.24am the stock was trading up c. 3.92% at c.236p