The biggest company reporting this week is supermarket giant Tesco.
The group’s annual results are out on Thursday, and investors will,be keeping a close eye on profits and also the firm's market share.
Sophie Lund-Yates, an equity analyst at Hargreaves Lansdown, said: “Grocery inflation is well documented and is running at a huge 17.5%.
“That means customers are seriously feeling the pinch when it comes to their food shopping, and Tesco’s scale means it’s in the eye of that storm.
“Remaining competitive in this environment makes inflating margins difficult.
“Last we heard, Tesco expects to report underlying retail profits of £2.4billion-£2.5billion for the full year, and we’ll find out if that’s been the case.
Market share
“Another figure to watch out for is market share. As the market leader, the group has market share of over 27% but, because of tough conditions, supermarkets like Aldi are enticing new customers.
"It will be important to assess if Tesco’s share has been nibbled away at, which would suggest consumer pressure is higher than previously thought.”
Latest figures from Kantar put Tesco's market share at 27.2% followed by Sainsbury's with 15.2%, Asda 14.3%, Aldi 9.4%, Morrisons 9% and Lidl 7.1%.
Meanwhile, the number of people heading out to the shops on the first day of the Easter holiday weekend "exceeded all expectations", but were still below pre-pandemic levels.
Analysts at Springboard said Good Friday saw a rise in footfall on high streets compared with both the previous Friday and the same day last year.
Retail parks and shopping centres also saw a jump in customers.
However, overall, footfall was down 11% from 2019.
LSE closed
There is
no trading at the London Stock Exchange today as it is Easter Monday.
Brent
crude futures were down 0.04% earlier today at $85.04 a barrel.