TSCO.L - Tesco PLC

LSE - LSE Delayed price. Currency in GBp
245.80
-1.80 (-0.73%)
At close: 4:36PM BST
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Previous close247.60
Open247.80
Bid235.00 x 215000
Ask248.50 x 175000
Day's range243.90 - 248.30
52-week range227.20 - 248.40
Volume42,002,829
Avg. volume39,682,330
Market cap23.903B
Beta0.47
PE ratio (TTM)16.72
EPS (TTM)14.70
Earnings dateN/A
Forward dividend & yield0.03 (1.22%)
Ex-dividend date2018-05-17
1y target estN/A
  • Reuters - UK Focus3 days ago

    UK competition regulator seeks views on Sainsbury's/Asda deal

    Britain's competition regulator has invited all interested parties to submit their views on a proposed 7.3 billion pound ($9.9 billion) deal to combine Sainsbury's with Walmart's Asda supermarket chain. The Competition and Markets Authority (CMA) said the preliminary "invitation to comment" was the first part of its information-gathering process, in advance of a formal investigation starting. The CMA said it was also likely to proactively contact companies and organisations that are active in the markets affected by the deal, such as suppliers, competitors, industry bodies and consumer organisations.

  • Reuters - UK Focus3 days ago

    Mothercare to shut a third of UK stores in battle for survival

    Struggling British mother and baby products retailer Mothercare (Other OTC: MHCRF - news) will close over a third of its UK stores as part of a survival plan that also sees the return of the chief executive who was sacked just five weeks ago. Mothercare's shares had lost 83 percent of their value over the last year but rose as much as 34 percent on Thursday after the firm detailed a 113.5 million pounds refinancing, including a planned 28 million pounds equity fundraising, and said Mark Newton-Jones would return as CEO. Mothercare said it would seek creditor approval for so-called company voluntary arrangement (CVA) proposals that would enable it to shut 50 stores and secure rent reductions on 21 others.

  • Reuters - UK Focus3 days ago

    Ahead of Sainsbury's takeover, Asda's recovery gains momentum

    Asda, the British supermarket arm of Walmart that is set to be acquired by Sainsbury's , reported a fourth straight quarter of sales growth, saying its recovery under new management was gaining momentum. The firm also said on Thursday it was pleased with the response of its 146,000 workforce to last month's 7.3 billion pounds ($9.9 billion) cash and shares deal that will see Sainsbury's combine with Asda to overtake Tesco (Frankfurt: 852647 - news) as Britain's biggest supermarket group.

  • The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury
    Zacks3 days ago

    The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury

    The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury

  • Reuters - UK Focus7 days ago

    Britain's Mothercare to raise equity as part of restructuring plan

    Britain's Mothercare (Other OTC: MHCRF - news) , the struggling mother and baby products retailer, said on Monday it would ask investors for more money as part of a major restructuring it plans to announce this week. Its shares have lost 86 percent of their value over the last year and in April it replaced Chief Executive Mark Newton-Jones with David Wood, a former Tesco (Frankfurt: 852647 - news) executive. Mothercare said it has been working on a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing.

  • Reuters - UK Focus11 days ago

    Morrisons quells fears over Sainsbury's-Asda with robust trading

    Morrisons, Britain's No. 4 supermarket chain, beat forecasts for quarterly sales, helping to subdue fears that it could be the major loser from Sainsbury's proposed 7.3 billion pound ($10 billion) takeover of Walmart's Asda. Sainsbury's, the UK industry's No. 2, merging with Asda, the No. 3, would be a major challenge for Morrisons. While Morrisons would become No. 3 it would be about a third of the size of Sainsbury's-Asda and Tesco (Frankfurt: 852647 - news) , the current market leader.

  • Reuters17 days ago

    Battle lines drawn in £7.3 billion Sainsbury's-Asda deal

    If Sainsbury's is to succeed in its $10 billion (7.3 billion pound) bid for Walmart's Asda and become Britain's largest supermarket it will have to persuade regulators that changes in the way people shop mean previous anti-trust rulings no longer apply. Britain's Competition and Markets Authority (CMA) has said it is likely to review the biggest deal in the sector for 15 years. Competition lawyers say Sainsbury's and Asda face an uphill battle to get the bid passed without having to sell off so many stores that it removes the rationale for the deal.

  • Reuters - UK Focus18 days ago

    UK lawmakers seek answers from regulator on Sainsbury's/Asda probe

    British lawmakers said on Thursday they were seeking information from Britain's competition regulator regarding concerns over Sainsbury (Amsterdam: SJ6.AS - news) 's' proposed 7.3 billion pounds ($9.9 billion) takeover of Walmart owned rival Asda. In a letter to the Competition and Markets Authority (CMA) the chairs of two parliamentary committees said their members had concerns over the impact the deal would have on the grocery supply chain, particularly as the new business, combining the No. 2 and No. 3 players, and current market leader Tesco (Swiss: TSCO.SW - news) would dominate the market. The committee chairs said they wanted information on the anticipated timing and length of the CMA's investigation and the scope of the probe, including whether evidence will be sought from suppliers to grocery retailers.

  • Reuters - UK Focus18 days ago

    EXPLAINER-Battle lines drawn in $10 billion Sainsbury's-Asda deal

    If Sainsbury's is to succeed in its $10 billion bid for Walmart's Asda and become Britain's largest supermarket it will have to persuade regulators that changes in the way people shop mean previous anti-trust rulings no longer apply. Britain's Competition and Markets Authority (CMA) has said it is likely to review the biggest deal in the sector for 15 years. Competition lawyers say Sainsbury (Amsterdam: SJ6.AS - news) 's and Asda face an uphill battle to get the bid passed without having to sell off so many stores that it removes the rationale for the deal.

  • Reuters20 days ago

    Factbox - Sainsbury's swoops for Walmart's Asda to create new No.1 UK supermarket

    LONDON (Reuters) - Sainsbury's (SBRY.L) is to buy Walmart's (WMT.N) Asda for around 7.3 billion pounds ($10 billion) in a bold attempt to overtake long-time leader Tesco (TSCO.L) as Britain's biggest supermarket ...

  • Merger partners Sainsbury's and Asda lag rivals - Kantar
    Reuters20 days ago

    Merger partners Sainsbury's and Asda lag rivals - Kantar

    LONDON (Reuters) - Sainsbury's (SBRY.L) and Asda, the two British supermarkets planning to merge, had the slowest sales of the "big four" chains in the 12 weeks to April 22, market data showed ...

  • Reuters - UK Focus20 days ago

    Merger partners Sainsbury's and Asda lag rivals-Kantar

    Sainsbury's and Asda, the two British supermarkets planning to merge, had the slowest sales of the "big four" chains in the 12 weeks to April 22, market data showed on Tuesday. Sales at number ...

  • Reuters20 days ago

    'We're in the Money' - Sainsbury's CEO filmed singing after Asda deal

    The chief executive of Sainsbury's (SBRY.L) was filmed singing "We're in the Money" hours after announcing that the supermarket he runs would buy rival Asda, boosting his company's value by 860 million pounds. CEO Mike Coupe was waiting in a studio when cameras caught him singing the song from the musical 42nd Street in footage that was later released by British broadcaster ITV. The Asda deal has already made Coupe significantly richer, with his 1.28 million shares going up in value by 500,000 pounds following the announcement.

  • Reuters20 days ago

    Sainsbury's Asda buy could make UK tougher grocery market for Amazon

    Sainsbury's (SBRY.L) $10 billion (7.27 billion pounds) purchase of Walmart's (WMT.N) Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com (AMZN.O). The Sainsbury deal to buy Asda, announced on Monday, comes as retailers on both sides of the Atlantic grapple with heightened competition from the discounters such as Germany's Aldi and Lidl and e-commerce giant Amazon. The marriage of Britain's second- and third-largest grocers will not immediately impact Amazon's food offering which remains small in Britain.

  • Reuters - UK Focus20 days ago

    Sainsbury's and Asda sales growth lags rivals-Kantar

    Sainsbury's and Asda, the two British supermarkets planning to merge, had the slowest sales of the "big four" chains in the 12 weeks to April 22, market data showed on Tuesday. Sales at number ...

  • Reuters - UK Focus20 days ago

    "We're in the Money": Sainsbury's CEO filmed singing after Asda deal

    The chief executive of Sainsbury (Amsterdam: SJ6.AS - news) 's was filmed singing "We're in the Money" hours after announcing that the supermarket he runs would buy rival Asda, boosting his company's value by 860 million pounds ($1.18 billion). CEO Mike Coupe was waiting in a studio when cameras caught him singing the song from the musical 42nd Street in footage that was later released by British broadcaster ITV (Frankfurt: A0BLQP - news) . The Asda deal has already made Coupe significantly richer, with his 1.28 million shares going up in value by 500,000 pounds following the announcement.

  • The Wall Street Journal20 days ago

    [$$] Walmart to Sell British Unit Asda to U.K. Rival Sainsbury

    LONDON—Walmart Inc. on Monday said it would sell its British arm Asda Group Ltd. to rival J Sainsbury PLC, a deal that values the chain at about £7.3 billion ($10.1 billion) and would, if successful, create the largest player in the U.K.’s fiercely competitive grocery market. The deal, under which Walmart gets a 42% stake in the combined company and almost £3 billion in cash, will free the U.S. retailer from having to drive growth in a challenging market while allowing it to benefit from greater heft. Asda has been one of Walmart’s most profitable businesses since it was acquired in 1999 but growth has been capped by intense competition from a resurgent Tesco PLC, Amazon.com Inc.—which has been pushing further into online groceries—and increasingly popular discounters Aldi and Lidl.

  • Reuters20 days ago

    Sainsbury's to top Britain's Tesco with £7.3 billion swoop on Walmart's Asda

    Sainsbury's (SBRY.L) is to buy Walmart's (WMT.N) Asda for around 7.3 billion pounds in a bold attempt to overtake long-time leader Tesco (TSCO.L) as Britain's biggest supermarket group by market share. Sainsbury's and Asda aim to generate savings and buying power to better compete with fast-growing discounters, Aldi and Lidl, a bigger Tesco after its recent 4 billion pounds purchase of wholesaler Booker, and the rise of online shopping, particularly the march of Amazon (AMZN.O). Monday's cash and share deal also provides a potential exit for Walmart, as Asda, which it bought in 1999 for 6.7 billion pounds, has struggled over the last five years.

  • Reuters - UK Focus20 days ago

    Sainsbury's to top Britain's Tesco with $10 bln swoop on Walmart's Asda

    Sainsbury's is to buy Walmart's Asda for around 7.3 billion pounds ($10 billion) in a bold attempt to overtake long-time leader Tesco (Swiss: TSCO.SW - news) as Britain's biggest supermarket group by market share. If it gets regulatory approval, the biggest British deal in the sector for more than a decade will see the second and third-largest food retailers in the country join forces, sparking speculation of further consolidation.

  • Reuters - UK Focus20 days ago

    Planets finally align for Sainsbury’s to land $10 bln Asda deal

    Codenamed "Project Solar", Sainsbury (Amsterdam: SJ6.AS - news) 's 7.3 billion-pound ($10 billion) deal with rival British supermarket chain Asda is an alignment of planets years in the making. In order to keep it secret, Asda, owned by U.S. giant Walmart, was dubbed "Mars" and Sainsbury's "Jupiter" by the teams working on the takeover, a source with direct knowledge of the talks said. Indeed, Sainsbury's Chief Executive Mike Coupe and Roger Burnley, the CEO of Asda, have a shared history that will aid with the integration of the two cultures, Walmart International chief Judith McKenna said on Monday.

  • Reuters - UK Focus20 days ago

    LIVE MARKETS-Closing snapshot: best month since 2016 for European stocks

    * European markets edge up * Sainsbury's surges on Asda merger * WPP jumps on results April 30 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters ...

  • Reuters20 days ago

    Sainsbury's Asda merger sends shockwaves across FTSE

    British shares traded higher on Monday as the planned merger between Sainsbury's and Asda, the UK arm of Walmart, sent shockwaves through British retail stocks as investors sought to adjust to a potentially game-changing overhaul of the industry. At 0756 GMT, Britain's FTSE (.FTSE) was up 0.25 percent at 7521.18 points but all eyes were on Sainsbury's (SBRY.L) shares, which surged up to 20 percent and were set for their highest ever rise. "Traders will be bracing themselves for volatility in the retail sector and particularly in Sainsbury when markets open this morning," London Capital Group said in a research note.

  • Reuters - UK Focus20 days ago

    LIVE MARKETS-Momentum loses its mojo

    * European markets edge up * Sainsbury's surges on Asda merger * WPP jumps on results April 30 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters ...

  • Reuters - UK Focus20 days ago

    UK grocery merger will help consumers, must be fair to suppliers-minister

    Sainsbury (Amsterdam: SJ6.AS - news) 's purchase of Walmart's Asda can be beneficial for the economy and consumers but it is important that suppliers are treated fairly in the deal, a junior British business minister said on Monday. Sainsbury's has agreed to buy Walmart's Asda for about 7.3 billion pounds ($10 billion) to create Britain's biggest supermarket group by market share, overtaking long-standing leader Tesco (Frankfurt: 852647 - news) . "One of the things that the new merger will offer... is reduced costs for the consumer," junior business minister Andrew Griffiths told parliament.

  • Reuters - UK Focus20 days ago

    Sainsbury's Asda merger sends shockwaves across Britain's FTSE

    British shares traded higher on Monday as the planned merger between Sainsbury's and Asda, the UK arm of Walmart, sent shockwaves through British retail stocks as investors sought to adjust to a potentially game-changing overhaul of the industry. At 0756 GMT, Britain's FTSE was up 0.25 percent at 7521.18 points but all eyes were on Sainsbury's shares, which surged up to 20 percent and were set for their highest ever rise.

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