TCO.F - Tesco PLC

Frankfurt - Frankfurt Delayed price. Currency in EUR
3.0530
-0.0210 (-0.68%)
At close: 8:04AM CET
Stock chart is not supported by your current browser
Previous close3.0740
Open3.0530
Bid3.0520 x 500000
Ask3.1420 x 500000
Day's range3.0530 - 3.0530
52-week range2.2970 - 3.0940
Volume1,000
Avg. volume732
Market cap30.501B
Beta (5Y monthly)0.41
PE ratio (TTM)20.77
EPS (TTM)0.1470
Earnings dateN/A
Forward dividend & yield0.08 (2.59%)
Ex-dividend date10 Oct 2019
1y target estN/A
  • Forget the Cash ISA! I’d buy Tesco in a Stocks and Shares ISA instead
    Fool.co.uk

    Forget the Cash ISA! I’d buy Tesco in a Stocks and Shares ISA instead

    The Tesco plc (LON: TSCO) share price beats cash any day of the week, in my view.The post Forget the Cash ISA! I'd buy Tesco in a Stocks and Shares ISA instead appeared first on The Motley Fool UK.

  • What stock should I buy during a market crash?
    Fool.co.uk

    What stock should I buy during a market crash?

    Should you buy in a bear market? I think we can find many share price bargains during a market crash.The post What stock should I buy during a market crash? appeared first on The Motley Fool UK.

  • UK regulator raps Tesco for unlawfully preventing rival store openings
    Reuters

    UK regulator raps Tesco for unlawfully preventing rival store openings

    Tesco , Britain's biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country's competition regulator said on Friday. The Competition and Markets Authority (CMA) said it first discovered that Tesco had been preventing landlords from letting property to other supermarkets during monitoring in 2018. Tesco then reviewed all of its land agreements, finding 23 breaches in total.

  • Reuters - UK Focus

    Tesco unlawfully stopped rivals from opening stores - UK regulator

    Tesco, Britain's biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country's competition regulator said on Friday. The Competition and Markets Authority (CMA) said it first discovered that Tesco had been preventing landlords from letting property to other supermarkets during monitoring in 2018. Tesco then reviewed all of its land agreements, finding 23 breaches in total.

  • Why I think the Ocado share price will continue to beat Tesco in 2020
    Fool.co.uk

    Why I think the Ocado share price will continue to beat Tesco in 2020

    Ocado (LON: OCDO) was the fastest-growing grocer in the UK in 2019, and I think 2020 could be even better.The post Why I think the Ocado share price will continue to beat Tesco in 2020 appeared first on The Motley Fool UK.

  • Tesco Asks Thai Tycoons for Next-Round Bids for Asia Unit
    Bloomberg

    Tesco Asks Thai Tycoons for Next-Round Bids for Asia Unit

    (Bloomberg) -- Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than $7 billion, according to people with knowledge of the matter.Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by the Chirathivat family, were picked to proceed with deadline for the bids due in the next few weeks, said the people. Tycoon Charoen Sirivadhanabhakdi’s TCC Group has also been chosen, said the people, who asked not to be identified as the information is private.While the companies are seeking financing for their potential offers, there’s no certainty that they will proceed, the people said. Representatives for Central Group, CP, TCC and Tesco declined to comment.Shares of Tesco on Thursday climbed as much as 1.9% to the highest intraday level since Jan. 10, while the benchmark FTSE 100 Index was little changed.The novel coronavirus outbreak has had a limited effect on dealmaking in South East Asia so far. Central Group, a conglomerate with businesses spanning from department stores to hospitality, raised about $2.5 billion through the spinoff of its retail arm in the country’s largest initial public offering. Lion Air and restaurant-chain operator PT Champ Resto Indonesia are in the process of gauging investor demand for their IPOs.Tesco said in December that it was carrying out a strategic review of its Thai and Malaysian businesses after receiving interest. A sale of the Asian operations would allow the supermarket chain to get an infusion of cash to continue a restructuring of its core U.K. business that has cut thousands of jobs.Tesco has more than 2,000 hypermarkets and convenience stores in Thailand under the “Tesco Lotus” brand. The chain was founded by CP Group in 1994 and later taken over by the British firm, according to its company website. In Malaysia, Tesco has more than 70 shops, according to its annual report. Malaysian conglomerate Sime Darby Bhd owns a 30% stake in Tesco Malaysia.Berli Jucker Pcl, controlled by TCC, bought a controlling stake in Casino Guichard-Perrachon SA’s Thailand supermarket chain Big C Supercenter Pcl for 3.1 billion euros ($3.4 billion) in 2016.Last month, Thailand’s antitrust office established a special committee to evaluate the impact of the potential Tesco deal as a sale might lead to a monopoly or a business that has power over the country’s retail sector.(Updates to add Tesco shares in the fourth paragraph.)\--With assistance from Deirdre Hipwell and Natnicha Chuwiruch.To contact the reporters on this story: Vinicy Chan in Hong Kong at vchan91@bloomberg.net;Anuchit Nguyen in Bangkok at anguyen@bloomberg.net;Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Reinie BooysenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Forget the State Pension! I’d buy the Tesco share price to retire on
    Fool.co.uk

    Forget the State Pension! I’d buy the Tesco share price to retire on

    The Tesco share price offers a much more dependable income stream than the State Pension. The post Forget the State Pension! I’d buy the Tesco share price to retire on appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    Britain's supermarkets see weak start to year - Kantar

    Britain's grocery industry endured a subdued start to the year with all of the traditional big four supermarket groups seeing year-on-year sales declines in the latest 12-week trading period, industry data showed on Tuesday. Market researcher Kantar said total UK grocery sales rose just 0.3% in the 12 weeks to Jan. 26, as consumers cut down on alcohol and meat, buying-in to "Dry January" and "Veganuary" campaigns.

  • No savings at 50? I’d buy these 2 FTSE 100 stocks to boost a passive income in retirement
    Fool.co.uk

    No savings at 50? I’d buy these 2 FTSE 100 stocks to boost a passive income in retirement

    These two FTSE 100 (INDEXFTSE:UKX) shares could offer long-term income growth in my view.The post No savings at 50? I’d buy these 2 FTSE 100 stocks to boost a passive income in retirement appeared first on The Motley Fool UK.

  • British retailer Tesco forced to wait until October for new boss
    Reuters

    British retailer Tesco forced to wait until October for new boss

    Britain's biggest retailer Tesco will have to wait until October before its new boss can start after his former employer Walgreens Boots Alliance insisted he see out a non-compete agreement. Tesco said in October last year that Chief Executive Dave Lewis was stepping down in the summer of 2020 after six years in the top job and would be succeeded by Irishman Ken Murphy. No start date was given at the time.

  • Reuters - UK Focus

    New Tesco boss Murphy to start Oct. 1

    Britain's biggest retailer Tesco will have to wait until October before its new boss can start, it said on Monday. Tesco said in October last year that Chief Executive Dave Lewis was stepping down in the summer of 2020 after six years in the top job and will be succeeded by Ken Murphy. No start date was given at the time.

  • Do Tesco PLC’s (LON:TSCO) Returns On Capital Employed Make The Cut?
    Simply Wall St.

    Do Tesco PLC’s (LON:TSCO) Returns On Capital Employed Make The Cut?

    Today we are going to look at Tesco PLC (LON:TSCO) to see whether it might be an attractive investment prospect. To be...

  • This is what I’d do about Tesco shares today
    Fool.co.uk

    This is what I’d do about Tesco shares today

    Can FTSE 100 supermarket chain Tesco (LON: TSCO) power your portfolio in 2020?The post This is what I’d do about Tesco shares today appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    Sainsbury's targets 2040 for net zero emissions, criticises UK goal

    Sainsbury's committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government's own target which it said "isn't soon enough". Sainsbury's, Britain's second-biggest supermarket group which trades from some 2,300 locations, employs 185,000 people across Britain and Ireland and has over 27 million customers each week, said it would spend 1.0 billion pounds ($1.3 billion) to hit the target. With consumers demanding less waste and action on the environment, retailers are responding and Sainsbury's said its focus would be on reducing carbon emissions by increasing its use of renewable energy, lowering water consumption, cutting the use of plastic, increasing recycling and tackling food waste.

  • Should we be worried about Tesco's Quality Rank (LON:TSCO)?
    Stockopedia

    Should we be worried about Tesco's Quality Rank (LON:TSCO)?

    Good quality companies can offer a lot of comfort to investors. They tend to be strong, stable, profitable firms that deliver predictable returns, have pricing8230;

  • Forget the Tesco share price. I’d buy this FTSE 100 champion instead
    Fool.co.uk

    Forget the Tesco share price. I’d buy this FTSE 100 champion instead

    The Tesco (LON: TSCO) share price remains a long way below its 2007 highs. But that doesn't mean it's a bargain, says Edward Sheldon. The post Forget the Tesco share price. I’d buy this FTSE 100 champion instead appeared first on The Motley Fool UK.

  • Sainsbury Badly Needs Vision to Combat Amazon and Aldi
    Bloomberg

    Sainsbury Badly Needs Vision to Combat Amazon and Aldi

    (Bloomberg Opinion) -- Almost a year since competition authorities dealt a mortal blow to J Sainsbury Plc’s $9.1 billion plan to buy Walmart Inc.’s Asda, Mike Coupe is stepping down as chief executive officer of Britain’s second-largest supermarket chain. He’s been at the helm for almost six years and will be 60 in September, so it’s a natural time to hang up his grocer’s apron.But Coupe’s departure looked inevitable once the Asda combination collapsed. Whether or not Sainsbury mishandled the competition risks, for any CEO, grinding out growth in a sluggish market is far less exciting than pulling off an audacious deal.The choice of Simon Roberts, currently retail and operations director, to succeed him is a surprising one given that his most recent experience before Sainsbury wasn’t in food retail, and he’s a relatively new arrival at the group. Sainsbury’s former finance director, John Rogers, was widely seen as Coupe’s heir apparent, until he left for advertising company WPP Plc in October. This may explain his departure. Roberts, 48, is a hands-on shopkeeper. He spent 15 years at Marks & Spencer Group Plc and 13 years at Walgreens Boots Alliance Inc. before joining Sainsbury two and half years ago. But the changes that Sainsbury has made to its stores since then haven’t always gone smoothly. A management overhaul in 2018 led to empty shelves and unkempt shops. In a fast-changing retail market, executives need to augment operational expertise with strategic vision. It’s not yet clear that Roberts has that.It’s interesting that Britain’s two biggest supermarkets, Tesco Plc and Sainsbury, will be led by executives who spent many years at pharmacy retailer Boots. Perhaps it’s replacing Asda as the training ground for top executives. It may be that working for Walgreens CEO Stefano Pessina, who’s known for not suffering fools gladly, is the perfect preparation for taking on difficult challenges — even the brutal U.K. supermarket business.Roberts will need all of the skills he honed under the Italian dealmaker to keep Sainsbury on track. First of all, he must continue to battle the company’s other major rivals which make up the U.K.’s Big Four grocers — Tesco, Asda and Wm Morrison Supermarkets Plc. And he must defend Sainsbury from the U.K. arms of the German discounters, Aldi and Lidl, which are increasingly forging into Sainsbury’s heartland in the south eastern U.K. Coupe did a good job cutting Sainsbury’s prices on everyday items. Roberts must continue this. For a while in 2018 and early 2019, after the damaging store-management overhaul, sales growth slipped behind that of rivals. Sainsbury was beginning to  look like the sick grocer from which everyone else was seeking to steal market share. Its sales have recovered since, but Roberts must maintain that momentum.Secondly, Sainsbury must get Argos, the catalog retailer that Coupe acquired four years ago, back on track. The business, which sells everything from toys to tents, had a poor Christmas. In order to defend itself from the mighty Amazon.com Inc., it must better exploit its combination of online presence and bricks-and-mortar stores, as well as ensure its prices are right. On Tuesday, Sainsbury announced it would further integrate Argos into Sainsbury, axing hundreds of management jobs and cutting costs as it merges divisions including commercial retail and finance. This program must be managed without disruption.If all of this doesn’t go to plan, there is always the risk that Sainsbury, perennially tipped as a takeover target, could finally attract the attentions of a bidder. No one can fault Coupe for his bold decisions. In an environment where just keeping your head above water is hard enough, he was prepared to make daring moves. Unfortunately, they didn’t always pay off.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Get ready for Brexit! One growth stock I’d buy for my ISA and one I’d sell before 31 January
    Fool.co.uk

    Get ready for Brexit! One growth stock I’d buy for my ISA and one I’d sell before 31 January

    Get prepared for Brexit with these investment plays, says Royston Wild.The post Get ready for Brexit! One growth stock I’d buy for my ISA and one I’d sell before 31 January appeared first on The Motley Fool UK.

  • £5k to invest? I’d buy these FTSE 100 dividend stocks right now
    Fool.co.uk

    £5k to invest? I’d buy these FTSE 100 dividend stocks right now

    Rupert Hargreaves believes these FTSE 100 income investments could pay you for life. The post £5k to invest? I'd buy these FTSE 100 dividend stocks right now appeared first on The Motley Fool UK.

  • Why I’d prefer the Tesco share price over Marks & Spencer in 2020
    Fool.co.uk

    Why I’d prefer the Tesco share price over Marks & Spencer in 2020

    It’s cheaper, but I think there’s more to consider here The post Why I’d prefer the Tesco share price over Marks & Spencer in 2020 appeared first on The Motley Fool UK.

  • Bloomberg

    Thai Tycoons May Find Tesco Is Closed

    (Bloomberg Opinion) -- Bangkok’s billionaires don’t usually have to contend with much resistance as they expand. Tesco Plc’s sale of its Southeast Asian supermarkets may be about to change that.The $32 billion British retailer said in December it was considering selling the group’s stores in Thailand and Malaysia, becoming the latest international grocery giant to bow out of Asia. First-round bids for the asset, estimated to be worth between $7 billion and $9 billion, are due this week. Suitors are likely to be drawn from local conglomerates, among them: Dhanin Chearavanont’s CP Group; Central Group, controlled by the Chirathivat family; and beer-and-spirits magnate Charoen Sirivadhanabhakdi's TCC Group.So far, so normal for tycoon-heavy Thailand. Perhaps not. Last month, the Office of Trade Competition Commission, or OTCC, threw a wrench in the gears, signaling before offers even materialized that it would review the deal and could rule against any combination that grabbed too much of the market.Thailand’s government has revamped the antitrust authority since 2017, turning it from a dormant and toothless appendage of the Ministry of Commerce into an impartial agency with an independent workforce. Taking a tough stance could burnish the pro-military administration’s consumer-protection credentials, as it battles a slowing economy and the country’s worst drought in decades.Added to that, this is the the first high-profile, consumer-facing case that the new-look OTCC has handled. It’s also, potentially, one of the largest-ever acquisitions by a Thai group, and among the largest deals in Asia this year. That all but sets up a tussle with some of the most powerful patriarchs in Thai business.In theory, problems arise when a company has a market share of 50% or more. The trouble here, as in every antitrust debate, is deciding what counts as a market.Tesco, under the Tesco Lotus brand, is already Thailand’s biggest supermarket chain with almost 2,000 stores, plus 74 in Malaysia. So, do convenience stores, like CP’s 7-Eleven outlets, count as part of the same market? By the broadest definition, CP touches the vast majority of Thailand’s food chain. What about duty-free, should a last-minute bid come from King Power Group, run by the billionaire Srivaddhanaprabha family that owns Leicester City Football Club? Central Group, meanwhile, has 200 supermarkets, and TCC owns Big C hypermarkets.All of that suggests plenty of wrangling ahead. Worse, Thailand now has a two-stage reporting structure: Unusually by global standards, would-be merger partners may have to report both ahead of and on completion of any deal that creates a dominant player. That means passing the first hurdle doesn’t guarantee a bidder will clear the second.In the end, asset sales may be the most palatable solution, should a big retailer win the contest. Antitrust bosses, still early in their tenure, may be reluctant to irk too many big names. Chinese regulators ruffled plenty of feathers when the Beijing-based Ministry of Commerce vetoed Coca-Cola Co.’s acquisition of a Chinese juice maker in 2009. And Thailand, with its unimpressive economy, badly needs investment.Still, supermarkets are a sensitive and unpredictable area for antitrust authorities, with their focus on safeguarding consumers. Britain’s Competition and Markets Authority, after all, last year stopped J Sainsbury Plc from buying Walmart Inc.’s Asda to create the country’s largest supermarket chain. This could turn into quite a food fight. To contact the author of this story: Clara Ferreira Marques at cferreirama@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Can Tesco PLC (LON:TSCO) Maintain Its Strong Returns?
    Simply Wall St.

    Can Tesco PLC (LON:TSCO) Maintain Its Strong Returns?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

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