TSCDF - Tesco PLC

Other OTC - Other OTC Delayed price. Currency in USD
3.0100
-0.0600 (-1.95%)
At close: 10:56AM EDT
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Previous close3.0700
Open3.0118
Bid0.0000 x 0
Ask0.0000 x 0
Day's range3.0100 - 3.0118
52-week range2.3200 - 3.5200
Volume2,753
Avg. volume11,038
Market cap29.802B
Beta (3Y monthly)0.74
PE ratio (TTM)20.48
EPS (TTM)0.1470
Earnings dateN/A
Forward dividend & yield0.08 (1.59%)
Ex-dividend date2019-05-16
1y target estN/A
Trade prices are not sourced from all markets
  • Reuters18 hours 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 Focus18 hours 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 Focusyesterday

    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 News9 days ago

    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.com19 days 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
    Reuters23 days 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.

  • Reuters27 days 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.

  • Reuters - UK Focus27 days ago

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

    LONDON/BENTONVILLE, Ark., April 25 (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.

  • Merger failure leaves Asda's doors open for Amazon to knock
    Sky News27 days ago

    Merger failure leaves Asda's doors open for Amazon to knock

    When Sainsbury's and Asda announced plans for their blockbuster merger just over a year ago, every analyst in the City warned they would have trouble getting the deal past the Competition & Markets Authority. Mike Coupe, the Sainsbury's chief executive and the key architect of the merger, had three key arguments that he hoped would win the day. The idea was that a company with the combined buying power of Asda and Sainsbury's would have the muscle to beat up even global consumer goods giants like Unilever, Procter and Gamble and Kellogg's on price.

  • Tesco boss 'very confident' after pre-tax profits up 28.8%
    Sky Newslast month

    Tesco boss 'very confident' after pre-tax profits up 28.8%

    Tesco's chief executive has said he is "very confident" after the retailer announced pre-tax profits had risen 28.8% for the year. Revenue at the supermarket chain rose 11.2% to £63.9bn as UK like-for-like sales were up 1.7% in the year 2018/19. Chief executive Dave Lewis said: "After four years we have met or are about to meet the vast majority of our turnaround goals.

  • Reuters2 months ago

    Tesco to report jump in profit as key targets loom

    Tesco, Britain's biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit. The supermarket group, currently celebrating its 100th year, is being rebuilt by Lewis following a 2014 accounting scandal. Tesco has a leading 27.4 percent share of Britain's grocery market, according to the latest industry data, and looks set to retain that place after the competition regulator said in February it was minded to block Sainsbury's 7.3 billion pound takeover of Walmart's Asda.

  • Reuters3 months ago

    Tesco says new accounting standard will not have economic impact

    Tesco, Britain's biggest retailer, said on Friday a new accounting standard related to the treatment of leases, will change the way assets and liabilities are presented but will not have an economic impact on the group. It also said the introduction of the new IFRS 16 standard would have no bearing on the plans or financial ambitions Tesco detailed in October 2016. Tesco said it has no effect on how the business is run, nor on cash flows for the group.

  • Reuters3 months ago

    Competition regulator extends review deadline for Sainsbury's-Asda deal

    Britain's competition regulator has extended the review period for Sainsbury's proposed £7.3 billion takeover of rival supermarket group Asda by eight weeks to give it more time to consider evidence recently provided to them. The Competition and Markets Authority (CMA) regulator had been due to publish its provisional findings on the deal by early February and its final report in early March. The deal, agreed in April 2018, between second-ranked Sainsbury's and the British arm of Walmart, the number three player, could see the combined group vault Tesco as market leader.

  • Reuters - UK Focus3 months ago

    UK regulator extends review deadline for Sainsbury's-Asda deal

    Britain's competition regulator has extended the review period for Sainsbury (Amsterdam: SJ6.AS - news) 's proposed 7.3 billion pound ($9.5 billion) takeover of rival supermarket group Asda by eight weeks to give it more time to consider evidence recently provided to them. The Competition and Markets Authority (CMA) regulator had been due to publish its provisional findings on the deal by early February and its final report in early March. The deal, agreed in April 2018, between second-ranked Sainsbury's and the British arm of Walmart, the number three player, could see the combined group vault Tesco (Swiss: TSCO.SW - news) as market leader.

  • Tesco Is Playing With Fire By Cutting Jobs Now
    Bloomberg4 months ago

    Tesco Is Playing With Fire By Cutting Jobs Now

    Tesco is looking to eliminate up to 9,000 jobs – about half of which could be shifted elsewhere in the company – as part of a broader restructuring. Tesco said a shift in shopping habits meant customers were using these services less.

  • Tesco says 9,000 jobs will be hit in restructuring of stores and head office
    Sky News4 months ago

    Tesco says 9,000 jobs will be hit in restructuring of stores and head office

    Tesco (Frankfurt: 852647 - news) has announced that 9,000 jobs will be affected in a restructuring of its store and head office functions. The UK's largest retailer said it hoped to redeploy half the staff facing the prospect of losing their job in the planned shake-up, which is aimed at "simplifying" the business as chains continue to invest in price cuts by saving money elsewhere. It was just over a year ago that Tesco said it was cutting up to 1,700 management roles in the UK in order to "simplfy" the business.

  • Tesco positions itself as merger threatens dominance
    Sky News4 months ago

    Tesco positions itself as merger threatens dominance

    Tesco (Frankfurt: 852647 - news) 's dramatic shake-up, which could cost the jobs of 9,000 of its UK employees, has a number of causes. The first and most obvious is that, in common with the entire grocery sector, Tesco needs to keep a lid on costs. The weakness of the pound has pushed up the price of a lot of the imported goods Tesco and the other grocers sell.

  • Reuters4 months ago

    Tesco cost cuts put 9,000 UK jobs at risk

    Tesco, Britain's biggest retailer, could axe 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings. Tesco, Britain's biggest private sector employer with a staff of over 300,000, said the main change in its stores would be to its fresh meat, fish and delicatessen counters. Tesco's move shows its operation diverging from rivals such as No. 4 player Morrisons, which emphasises its army of trained butchers, fishmongers and other specialists who prepare food in-store.

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