TCO.F - Tesco PLC

Frankfurt - Frankfurt Delayed price. Currency in EUR
2.5160
+0.0030 (+0.12%)
At close: 8:01AM CEST
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Previous close2.5130
Open2.5160
Bid2.6220 x 500000
Ask2.7000 x 500000
Day's range2.5160 - 2.5160
52-week range2.0820 - 2.9820
Volume3,760
Avg. volume527
Market cap24.877B
Beta (3Y monthly)0.81
PE ratio (TTM)17.12
EPS (TTM)0.1470
Earnings dateN/A
Forward dividend & yield0.07 (2.30%)
Ex-dividend date2019-05-16
1y target estN/A
  • Britain's Tesco targets further margin improvement
    Reuters11 hours ago

    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 Focus13 hours ago

    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
    Reuters14 hours ago

    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 Focus15 hours ago

    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
    Reuters5 days ago

    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
    Reuters5 days ago

    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 Focus5 days ago

    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
    Reuters5 days ago

    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 Focus5 days ago

    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 Focus8 days ago

    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 Focus15 days ago

    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.

  • Reuters20 days ago

    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 Focus20 days ago

    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.

  • Reuters28 days ago

    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.

  • Reuters - UK Focus28 days ago

    UK's Tesco to sell $4.7 bln 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.

  • Reuters - UK Focus28 days ago

    Britain's Tesco to stop mortgage lending at bank unit

    Britain's biggest supermarket chain Tesco plc said its banking unit will stop mortgage lending, amid cut-throat competition and tough market conditions that have pressured profits for lenders across the ...

  • Tesco, Sainsbury's, Waitrose and Nestle to halve food waste by 2030
    Sky Newslast month

    Tesco, Sainsbury's, Waitrose and Nestle to halve food waste by 2030

    Tesco, Sainsbury's, Waitrose and Nestle will pledge to help halve food waste by 2030, ministers have announced. The major food retailers will join about 300 other businesses and individuals at a symposium on Monday to adopt a package of commitments to help slash food waste. Britain currently wastes 10.2 million tonnes of food every year - with 1.8 million tonnes coming from food manufacture, one million tonnes from the hospitality sector, 260,000 tonnes from retail and the rest from households, according to the Department for Environment, Food and Rural Affairs.

  • Barrons.com2 months ago

    Resurgent Tesco Stock Could Have More Good News Ahead

    After stumbling badly amid an accounting scandal, a horse-meat disaster, and a bungled foreign expansion, the British grocer has successfully returned to its local roots. The company’s coming investor day should offer more good news.

  • Tesco says new accounting standard would have increased 2018-19 operating profit
    Reuters2 months ago

    Tesco says new accounting standard would have increased 2018-19 operating profit

    Tesco, Britain's biggest retailer, said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share. Tesco is introducing IFRS 16, the new financial reporting standard on accounting for leases, for its new 2019-20 financial year. It has no impact on how the business is run and no bearing on the plans or financial ambitions Tesco detailed in October 2016.

  • Reuters2 months ago

    UK regulator blocks Sainsbury's $9.4 billion takeover of Walmart's ASDA

    LONDON/BENTONVILLE, Ark. (Reuters) - Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. The Competition and Markets Authority (CMA) ruling is also a major setback for Sainsbury's Chief Executive Mike Coupe, the architect of the deal and the group's boss since 2014. For Walmart , the deal was a way to exit Britain, one of the weakest performers in its global portfolio, as it moves to revamp its international operations.

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