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flag Tesco and Sainsbury’s report strong holiday sales growth, raising earnings forecasts amid discount competition.

flag Tesco and Sainsbury’s are releasing festive trading updates, with Tesco aiming to exceed last year’s 3.7% sales growth amid competition from discounters, while Sainsbury’s reported 2.7% overall growth despite strong grocery sales. flag Both raised earnings guidance, with Tesco targeting £2.9–3.1 billion and Sainsbury’s over £1 billion. flag Next expects around 7% full-price sales growth, and Marks & Spencer is recovering from a cyber attack that disrupted online sales. flag Greggs will report on Thursday, with analysts watching for signs of recovery after a profit warning.

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