TSCO.L - Tesco PLC

LSE - LSE Delayed price. Currency in GBp
245.80
+0.20 (+0.08%)
At close: 4:35PM BST
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Previous close245.60
Open247.30
Bid242.00 x 215000
Ask252.00 x 175000
Day's range243.00 - 248.60
52-week range227.20 - 251.20
Volume44,403,579
Avg. volume37,961,252
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 est251.93
  • Reuters - UK Focusyesterday

    UK's Sainsbury's tweaks pay proposals after staff pressure

    Sainsbury's, Britain's second largest supermarket group, has bowed to pressure from employees and trade unions by changing some of the pay proposals it detailed in March as part of a move to simplify the company's wage structure. The group, which last month agreed a 7.3 billion pounds ($9.8 billion) takeover of rival Asda, employs 195,000 in Britain and Ireland (Other OTC: IRLD - news) and is the UK's second biggest private sector employer after Tesco (Frankfurt: 852647 - news) . Sainsbury's said on Thursday that following a consultation process with staff representatives and unions it had agreed to increase unsociable hour premium payments, extend location pay supplements to staff working in all outer London areas rather than just inner London, and raise online driver payments.

  • Tesco to close non-food website Tesco Direct with 500 jobs at risk
    Sky News3 days ago

    Tesco to close non-food website Tesco Direct with 500 jobs at risk

    Tesco (Frankfurt: 852647 - news) is to close Tesco Direct, its non-food website. Tesco Direct sells a range of general merchandise, including technology, homeware, clothing and toys for delivery or collection. Tesco Direct will cease trading on 9 July and about 500 staff will be at risk of redundancy.

  • Tesco closure of non-food website puts 500 jobs at risk
    Reuters3 days ago

    Tesco closure of non-food website puts 500 jobs at risk

    Tesco (TSCO.L), Britain's biggest retailer, said on Tuesday it will close its non-food website Tesco Direct in July, having decided it could not make the loss-making business profitable. Tesco Direct will cease trading on July 9 and, as part of this, a distribution centre at Milton Keynes, south east England, which handles the website's orders will also close. "Tesco has conducted a detailed review of Tesco Direct...and has concluded that, despite its best efforts, there is no route to profitability for this small, loss-making part of the business," it said.

  • Tesco closure of non-food website puts 500 jobs at risk
    Reuters3 days ago

    Tesco closure of non-food website puts 500 jobs at risk

    Tesco (TSCO.L), Britain's biggest retailer, said on Tuesday it will close its non-food website Tesco Direct in July, having decided it could not make the loss-making business profitable. Tesco Direct will cease trading on July 9 and, as part of this, a distribution center at Milton Keynes, south east England, which handles the website's orders will also close. "Tesco has conducted a detailed review of Tesco Direct...and has concluded that, despite its best efforts, there is no route to profitability for this small, loss-making part of the business," it said.

  • Reuters - UK Focus3 days ago

    Tesco closure of non-food website puts 500 jobs at risk

    Tesco (Frankfurt: 852647 - news) , Britain's biggest retailer, said on Tuesday it will close its non-food website Tesco Direct in July, having decided it could not make the loss-making business profitable. Tesco Direct will cease trading on July 9 and, as part of this, a distribution centre at Milton Keynes, south east England, which handles the website's orders will also close. "Tesco has conducted a detailed review of Tesco Direct...and has concluded that, despite its best efforts, there is no route to profitability for this small, loss-making part of the business," it said.

  • The Wall Street Journal3 days ago

    [$$] Tesco to Close Non-Food Website Tesco Direct

    PLC (TSCO.LN) said Tuesday that it will close its loss-making non-food website, Tesco Direct, putting about 500 jobs at risk. The FTSE 100-listed grocer said Tesco Direct has faced a number of significant challenges, including high costs for shipping orders and online marketing, which have “prevented it from delivering a sustainable offer as a standalone non-food business”. Tesco Direct will cease trading on July 9 and a fulfilment center near Milton Keynes, England, will close, the company said.

  • Reuters - UK Focus3 days ago

    Tesco to close non-food website Tesco Direct in July

    Tesco, Britain's biggest retailer, said on Tuesday it will close its non-food website Tesco Direct, having concluded it could not make the loss-making business profitable. The group said Tesco Direct will ...

  • Why I believe the Tesco share price could soon return to 380p
    Fool.co.uk3 days ago

    Why I believe the Tesco share price could soon return to 380p

    Tesco plc (LON: TSCO) appears to have strong growth potential.

  • Reuters - UK Focus7 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 Focus8 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 Focus8 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
    Zacks8 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 Focus12 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 Focus16 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.

  • Reuters22 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 Focus22 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 Focus22 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.

  • Reuters24 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
    Reuters25 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 Focus25 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 ...

  • Reuters25 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.

  • Reuters25 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 Focus25 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 Focus25 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 Journal25 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.

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