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Tesco Extra

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Morning update

Yesterday in the City

The FTSE 100 continued its subdued response to the relaxation of Covid restrictions in the UK, rising 0.1% to 6,894.31pts yesterday. The more UK-focused FTSE 250 fared a little better to climb 0.5% to 22,268.46pts.

Just Eat celebrated a storming day as investors piled in following a trading update showing growth rocketed for the fourth quarter in a row. The stock soared 6.7% to 7,845.4p.

The feel-good effect for food delivery rubbed off on beleaguered Deliveroo, which climbed 5.3% to 266.4p, which is still way off the listing price of 390p.

Other risers yesterday included Total Produce, up 5.9% to 180p, The Hut Group, up 4.5% to 702.5p, and B&M European Value Retail, up 2.8% to 550.8p.

SSP Group was among the fallers of yesterday’s session, sliding 3.8% to 312.4p, while cider maker C&C Group was down 2.8% to 290.8p and Hotel Chocolat decreased by 2.4% to 405p.

Tesco closed 0.1% higher at 232.1p ahead of this morning’s annual results.

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