|Bid||252.40 x 215000|
|Ask||252.60 x 175000|
|Day's range||250.70 - 254.10|
|52-week range||187.05 - 266.80|
|Beta (3Y monthly)||1.11|
|PE ratio (TTM)||18.60|
|Forward dividend & yield||0.04 (1.58%)|
|1y target est||269.93|
Four decades after R2-D2 delivered a vital message from Princess Leia in the hit movie "Star Wars", a French supermarket group plans to use robots inspired by the drum-shaped droid to transport food to customers in Paris. Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the delivery robots on the streets of Paris's 13th arrondissement for a year. In the French capital, where Amazon has been running its Amazon Prime Now express delivery service since 2016, the speedy and convenient delivery of food has become a battleground among retailers.
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.
The exporter-heavy FTSE 100 was 0.1 percent lower, lagging its European counterparts, while the FTSE 250 was up 0.3 percent, with more than half of the gains coming from security company G4S, which surged on M&A chatter. Markets were largely subdued due to a transatlantic aircraft subsidy dispute, with the U.S. threatening to impose tariffs on $11 billion worth of European Union products. "The market is obviously taking a cautious look at the simmering EU-U.S. trade spat and preparing for a negative outcome but hoping for a happy ending," Markets.com analyst Neil Wilson said.
Britons have carried on spending despite their "Brexit fatigue," Tesco said on Wednesday, as a forecast-beating rise in profits confirmed a turnaround at Britain's biggest retailer. Celebrating its 100th year, Tesco is deep into a recovery plan under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes. Lewis said customers had responded well to the company's "Exclusively at Tesco" brands, with 84 percent of them trying the products.
The supermarket operator said it’s on track to reach a target for an operating margin of 3.5 percent to 4 percent in the current year. Tesco is bucking the trend among U.K. retailers struggling with the rise of online shopping and the fall in the pound since the vote to leave the European Union three years ago. Department-store owner Debenhams Plc became the latest victim this week, as lenders took over in a debt restructuring deal that wiped out shareholders.
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.
Sainsbury has lost its status as Britain's No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday. Sainsbury's sales fell 1.8 percent over the 12 weeks to March 24, reducing its market share to 15.3 percent from 15.8 percent in the same period last year, researcher Kantar said.
Tesco plc's (LON: TSCO) outlook is improving and there is a good chance the stock could return to previous highs, argues Rupert Hargreaves.
I think Tesco plc’s (LON: TSCO) shares are a better buy than J Sainsbury plc’s (LON: SBRY) right now as the former's stability trounces the uncertainty around the latter.
The UK's top fraud prosecutor has thrown her weight behind American-style corporate plea bargains amid criticism that they can allow companies to admit wrongdoing without leading to successful prosecutions of individuals. Lisa Osofsky, an Anglo-American former FBI lawyer now in charge at the Serious Fraud Office (SFO), said the use of deferred prosecution agreements (DPAs) was effective in ensuring companies clean up their act - and was still in its infancy. Retailer Tesco and aero-engines group Rolls-Royce agreed DPAs with the SFO in 2017, paying fines of 129 million pounds and nearly 500 million pounds ($650 million) over an accounting and a bribery scandal respectively.
A former Barclays banker has been convicted and another acquitted by a London jury of conspiring to manipulate global Euribor interest rates in London's sixth benchmark rate-rigging trial. After about five days of deliberations, a jury of nine men and three women on Tuesday found Anglo-Italian Carlo Palombo, 40, guilty after a two-month trial at Southwark Crown Court. Co-defendant Sisse Bohart, a 41-year-old Dane who also once worked at Barclays, was acquitted.
Tesco plc (LON: TSCO) and HSBC Holdings plc (LON: HSBA) could be considered great dividend picks for FTSE 100 (INDEXFTSE: UKX) investors. But which should you buy today?
British supermarket groups Sainsbury's and Asda have committed to deliver 1 billion pounds of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. The Competition and Markets Authority (CMA) last month said its initial view was that Sainsbury's 7.3 billion pounds takeover of Walmart's Asda should be blocked in the absence of the sale of a large number of stores, or even one of the brands. "Sainsbury's and Asda strongly disagree with the CMA's Provisional Findings and have found the CMA's analysis of their proposed merger to contain significant errors," the supermarkets said on Tuesday.
UK grocery giants Sainsbury's and Asda are promising to slash their prices by around 10% on everyday items if they're able to merge their operations.
ROSS-ON-WYE, England (Reuters) - For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England. This year, he fears uncertainty around Britain's departure from the European Union will keep his eastern European workers away and the asparagus will stay in the ground. Asparagus grown in Britain is feted by chefs as among the world's best but the seasonal worker shortage threatens the country's asparagus industry and the viability of Chinn's Cobrey Farms business.