TCO.DU - TESCO PLC LS-,05

Dusseldorf - Dusseldorf Delayed price. Currency in EUR
2.6520
+0.0030 (+0.11%)
At close: 5:07PM CEST
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Previous close2.6490
Open2.6320
Bid0.0000 x 0
Ask0.0000 x 0
Day's range2.6320 - 2.6540
52-week range2.0740 - 2.9160
Volume450
Avg. volume11
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters - UK Focus

    UPDATE 1-Lloyds Banking Group lands $4.5 bln Tesco Bank mortgage portfolio

    Lloyds Banking Group has agreed to buy Tesco Bank's 3.7 billion pounds ($4.54 billion) UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans. Lloyds' subsidiary Halifax will pay a purchase price of around 3.8 billion pounds, representing a 2.5% premium on the gross book value and will be funded using existing internal resources, the lender said. Britain's biggest supermarket chain Tesco plc said in May this year its banking unit would cease mortgage lending, citing cut-throat competition that has squeezed profits for lenders across the sector.

  • Tesco to cut 4,500 jobs in Metro restructuring
    Reuters

    Tesco to cut 4,500 jobs in Metro restructuring

    British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. Tesco, both the biggest retailer and largest private sector employer in Britain, is restructuring operations in response to changing consumer habits, driven by the rise of online shopping and increased competition from discounters Aldi and Lidl. The company said the changes in its 153 Metro stores - medium-sized shops found on Britain's shopping street and by railway stations - would allow it to shift stock more quickly to the shelves and cut the time it was held in the store room.

  • Reuters - UK Focus

    UPDATE 1-Tesco to cut 4,500 jobs in Metro restructuring

    Tesco, Britain's biggest retailer, said it would cut around 4,500 jobs from its Metro stores in a new wave of redundancies designed to cut costs and reposition the group to compete in the highly challenging environment. Britain's biggest private sector employer said it would restructure the stores - medium-sized shops found on the high street and by railway stations - to shift stock more quickly to the shelves and cut the time it is held in the store room. Tesco said the Metro stores had originally been intended for customers making a weekly shop, but as consumer habits changed they now served those buying food daily, changing the logistics required.

  • Britain's Tesco says no timetable for 'finest' store launch
    Reuters

    Britain's Tesco says no timetable for 'finest' store launch

    Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where a pilot will be launched. Tesco hosted a capital markets day for analysts and investors on Tuesday at which it presented a slide flagging an opportunity for a 'Tesco finest' store concept with a 7% operating margin - significantly ahead of the group-wide target of 3.5% to 4%. The premium 'finest' range of grocery products is Tesco's most expensive.

  • Britain's Tesco targets further margin improvement
    Reuters

    Britain's Tesco targets further margin improvement

    Tesco, Britain's biggest retailer, is targeting expansion of its profit margin beyond that of an existing multi-year recovery plan, it said on Tuesday. Celebrating its 100th anniversary, the group is deep into a turnaround programme under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes. At a Capital Markets Day (CMD) presentation to analysts and investors, Tesco also said its priority for allocating capital was reinvesting in the business, maintaining its debt ratios and growing its dividend.

  • Reuters - UK Focus

    UPDATE 2-Britain's Tesco targets further margin improvement

    Tesco, Britain's biggest retailer, is targeting expansion of its profit margin beyond that of an existing multi-year recovery plan, it said on Tuesday. Celebrating its 100th anniversary, the group is deep into a turnaround programme under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes. At a Capital Markets Day (CMD) presentation to analysts and investors, Tesco also said its priority for allocating capital was reinvesting in the business, maintaining its debt ratios and growing its dividend.

  • Tesco targets further margin improvement
    Reuters

    Tesco targets further margin improvement

    Tesco, Britain's biggest retailer, is targeting expansion of its profit margin beyond that of an existing multi-year recovery plan, it said on Tuesday. Celebrating its 100th anniversary, the group is deep into a turnaround programme under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes. At a Capital Markets Day (CMD) presentation to analysts and investors, Tesco also said its priority for allocating capital was reinvesting in the business, maintaining its debt ratios and growing its dividend.

  • Reuters - UK Focus

    Britain's Tesco sees opportunities for further margin improvement

    Tesco, Britain's biggest retailer, sees opportunities to raise its margins beyond the end of its current recovery plan, it said on Tuesday. In April the group reported a 34% rise in full-year operating profit and said it had met or was about to meet the vast majority of its turnaround goals - including a key margin target of earning between 3.5 and 4 pence of operating profit for every pound customers spend by the end of its 2019-20 financial year. Tesco also said it would be able to enhance cash growth ahead of profit.

  • Tesco warns October Brexit much more problematic than March
    Reuters

    Tesco warns October Brexit much more problematic than March

    Tesco, Britain's biggest retailer, has warned that getting ready for a possible disorderly no-deal Brexit in October would be far more problematic than preparations it made for the original planned departure date in March. Britain had been due to leave the European Union on March 29, but Prime Minister Theresa May was unable to get her divorce deal ratified by parliament and the date is now set for Oct. 31. When Brexit did not happen the retailer sold that stock through and it currently does not have any additional stock.

  • Tesco has no plans to exit central Europe: chairman
    Reuters

    Tesco has no plans to exit central Europe: chairman

    British retailer Tesco has no plans to exit its central European operations, Chairman John Allan said on Thursday. At Tesco's annual shareholder meeting an investor asked if the group would still own central European operations by December 2020. "I've been taught never say never because things may change but at the moment we have no plans that the board has discussed or approved to exit central Europe," he said at the meeting held at Tesco's headquarters in Welwyn, north of London, which was webcast.

  • Reuters - UK Focus

    Tesco has no plans to exit central Europe - chairman

    British retailer Tesco has no plans to exit its central European operations, Chairman John Allan said on Thursday. At Tesco's annual shareholder meeting an investor asked if the group would still own central European operations by December 2020. "I've been taught never say never because things may change but at the moment we have no plans that the board has discussed or approved to exit central Europe," he said at the meeting held at Tesco's headquarters in Welwyn, north of London, which was webcast.

  • Tesco CEO not ready to check out in tough UK retail climate
    Reuters

    Tesco CEO not ready to check out in tough UK retail climate

    The boss of Tesco said he had unfinished business at Britain's biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather. Celebrating its 100th anniversary, Tesco is deep into a recovery plan under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes. "I'm aware of all the chatter," he told reporters after Tesco published a first quarter trading update before its annual shareholders' meeting.

  • Reuters - UK Focus

    UPDATE 3-Tesco CEO not ready to check out in tough UK retail climate

    The boss of Tesco said he had unfinished business at Britain's biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather. Celebrating its 100th anniversary, Tesco is deep into a recovery plan under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes.

  • Reuters - UK Focus

    Britain's Tesco to raise store staff wages by 10.45% over two years

    Tesco, Britain's biggest retailer, said on Monday it will implement a 10.45% pay rise for store and distribution centre staff by October 2020, though they will lose an annual bonus. The group, which with a staff of 300,000 is also Britain's largest private sector employer, said hourly-paid store and Customer Fulfilment Centre (CFC) staff will see their hourly rate increase to 9.30 pounds ($11.78). Tesco said the increase will be implemented in two stages - from Sept. 1 this year pay will increase by 6.9% to 9.00 pounds then on Oct. 4 2020 pay will increase again by 3.3% to 9.30 pounds.

  • Reuters - UK Focus

    Canned tuna brands found failing to combat slavery in supply chains

    About 80% of the world's biggest canned tuna brands do not know who caught their fish, putting workers in the industry at risk of exploitation and slavery, a human rights group said on Monday. Of 35 tuna companies and supermarkets surveyed by the UK-based Business and Human Rights Resource Centre (BHRRC), only 20% detailed their supply chains in the Pacific region, which provides 60% of the world's tuna, according to the World Bank. The report said only seven companies, including Bumble Bee Foods, Aldi Nord and Thai Union, the world's largest canned tuna company, disclosed their entire supply chains.

  • Reuters

    Britain's 'Big Four' grocers lose market share - Kantar

    Britain's "Big Four" supermarkets all lost market share in the 12 weeks to May 19, market research company Kantar said, as like-for-like sales flatlined at leader Tesco and fell at Sainsbury's, Asda and Morrisons. Tesco's share fell to 27.3% from 27.7% a year ago, while Sainsbury's and Asda had equal shares of 15.2%, after sales fell by 1.7% and 0.2% respectively, Kantar said.

  • Reuters - UK Focus

    Britain's 'Big Four' grocers lose market share-Kantar

    Britain's "Big Four" supermarkets all lost market share in the 12 weeks to May 19, market research company Kantar said, as like-for-like sales flatlined at leader Tesco and fell at Sainsbury's, Asda and Morrisons. Tesco's share fell to 27.3% from 27.7% a year ago, while Sainsbury's and Asda had equal shares of 15.2%, after sales fell by 1.7% and 0.2% respectively, Kantar said.

  • Reuters

    UK's Tesco to sell $4.7 billion mortgage book as competition bites

    Britain's biggest retailer Tesco will stop mortgage lending at its banking business because of tough market conditions, it said on Tuesday, as rival lender Nationwide Building Society reported a drop in profit margins. Tesco Bank, which serves more than 23,000 mortgage customers with total balances of 3.7 billion pounds ($4.7 billion), said it would stop new lending and seek to sell its existing portfolio of home loans. "In recent years, challenging market conditions have limited profitable growth opportunities," said Tesco Bank Chief Executive Gerry Mallon.

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