Tesco shares opened 3% higher this morning. While the sales figure was better than City expectations, it was helped by comparisons with the previous Christmas, when the chain admitted mistakes with its pricing strategy in a performance that wiped billions of pounds from its share price.
In line with other retailers, Tesco said it enjoyed a strong online performance, with food sales growth of 18%. More than half a million food orders were fulfilled in the week before Christmas, with nearly 5% being picked up by customers using its drive-through Click & Collect service.
More top news
Temperatures set to slide
The announcement was hailed as a "momentous step" that will help families facing financial stress as they come to terms with their loss.
Pop Idol's Michelle McManus has joined 10 choirs to record a charity single that they hope will make Christmas Number One.