TSCO.L - Tesco PLC

LSE - LSE Delayed price. Currency in GBp
256.40
-0.10 (-0.04%)
At close: 4:35PM BST
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Previous close256.50
Open257.90
Bid254.00 x 215000
Ask258.00 x 175000
Day's range255.70 - 258.15
52-week range171.95 - 262.50
Volume18,822,445
Avg. volume35,069,648
Market cap24.943B
Beta0.53
PE ratio (TTM)17.44
EPS (TTM)14.70
Earnings date3 Oct 2018
Forward dividend & yield0.03 (1.15%)
Ex-dividend date2018-05-17
1y target est266.00
  • Reuters - UK Focusyesterday

    Asda proposes closure of London distribution centre, 261 jobs at risk

    Asda, the British supermarket arm of Walmart that has agreed to be taken over by rival Sainsbury (Amsterdam: SJ6.AS - news) 's, has proposed the closure of an online grocery distribution centre in London, putting 261 jobs at risk, it said on Tuesday. The group said it has entered into a consultation with staff at the facility in Enfield, north London. Asda said the Enfield site was restricted, preventing its further development.

  • Reuters2 days ago

    Britain announces 'short and sharper' code for companies

    Companies in Britain must strive to rein in excessive executive pay, pay more heed to staff and make boards more diverse under a new "short and sharper" corporate code, published on Monday. The Financial Reporting Council (FRC) has updated its non-binding 26-year old code of corporate standards for publicly listed companies, which must comply with it or explain in annual reports to shareholders if they do not. The new 15-page code, about half the length of the current version, comes as the watchdog, which oversees company governance standards and accountants, faces a review to see if it can uphold high corporate standards to maintain Britain's attractions as a place to invest after Brexit.

  • French anti-trust authority to probe supermarket purchasing alliances
    Reuters2 days ago

    French anti-trust authority to probe supermarket purchasing alliances

    France's antitrust authority said on Monday it will investigate the potential impact of several purchasing alliances recently sealed by French and European supermarket retailers. The probe on that last alliance was also widened to include the tie-up between Carrefour and Tesco (TSCO.L). The probes will assess "the competitive impact of these purchasing alliances on the markets concerned for suppliers and for consumers," the statement said.

  • Reuters - UK Focus3 days ago

    Britain unveils "short and sharper" code for companies

    Companies in Britain must strive to rein in excessive executive pay and make boards more diverse under a new "short and sharper" corporate code, published on Monday. The Financial Reporting Council (FRC) has updated its code of corporate standards for publicly listed companies, which must comply with it or explain to shareholders if they do not. The new code comes as the watchdog, which oversees company governance standards and accountants, faces a review to see if it can uphold high corporate standards to maintain Britain's attractions as a place to invest after Brexit.

  • Could now be the time to buy into the Tesco share price?
    Fool.co.uk5 days ago

    Could now be the time to buy into the Tesco share price?

    Royston Wild considers whether now is the time to buy into revived supermarket chain Tesco plc (LON: TSCO).

  • Reuters - UK Focus7 days ago

    Sainsbury's defends new chairman from criticism over Lloyds role

    Sainsbury (Amsterdam: SJ6.AS - news) 's, the British grocer that has agreed to buy rival Asda, has defended its new chairman, dismissing a shareholder's suggestion that he might be tainted by a failed takeover deal during his time at Lloyds Banking Group. Britain's second largest supermarket group said on Wednesday Martin Scicluna would join its board as chairman-designate on Nov. 1 and succeed David Tyler as non-executive chairman in March 2019 or soon after. Tyler has held the role since 2009.

  • RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News
    Reuters8 days ago

    RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News

    Sainsbury's (SBRY.L), the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday. Scicluna already chairs insurance group RSA (RSA.L) and property company Great Portland Estates (GPOR.L). Sainsbury's, Britain's second biggest supermarket, announced a 7.3 billion pound deal to buy Walmart-owned (WMT.N) Asda in April, a tie-up which could put it ahead of market leader Tesco (TSCO.L) in grocery sales.

  • Reuters - UK Focus8 days ago

    RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News

    Sainsbury's, the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday. His appointment could be ...

  • Reuters8 days ago

    M&S chairman tells investors there's no quick fix

    Shareholders in Marks & Spencer (MKS.L) should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday. Retail veteran Archie Norman joined M&S as chairman in September last year and two months later the company detailed its latest attempt at a turnaround after more than a decade of failed reinventions. The plan included a five-year programme of store closures and relocations to cut excess selling space in its clothing business, increased technology investment and moves to make a misfiring food business more competitive.

  • Reuters - UK Focus8 days ago

    M&S chairman tells investors there's no quick fix

    Shareholders in Marks & Spencer (Frankfurt: 534418 - news) should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday. Retail veteran Archie Norman joined M&S as chairman in September last year and two months later the company detailed its latest attempt at a turnaround after more than a decade of failed reinventions. The plan included a five-year programme of store closures and relocations to cut excess selling space in its clothing business, increased technology investment and moves to make a misfiring food business more competitive.

  • Tesco UK boss steps down after throat cancer diagnosis
    Sky News8 days ago

    Tesco UK boss steps down after throat cancer diagnosis

    Tesco (Frankfurt: 852647 - news) 's UK chief executive Charles Wilson is stepping down after being diagnosed with throat cancer. Mr Wilson was the chief executive of Booker Group (LSE: BOK.L - news) before its £3.7bn takeover by the supermarket giant. Tesco said he had been undergoing daily radiotherapy in May and June and was responding well to treatment.

  • Tesco's Star Steps Away From the Limelight
    Bloomberg8 days ago

    Tesco's Star Steps Away From the Limelight

    Charles Wilson’s serious illness has constrained his ability to steer Tesco’s defense against muscular rivals.

  • Tesco UK boss Wilson steps back due to illness
    Reuters8 days ago

    Tesco UK boss Wilson steps back due to illness

    Tesco said its recently appointed UK and Ireland boss Charles Wilson would step down to a less onerous role after being diagnosed with throat cancer three months ago. Wilson, the former CEO of wholesaler Booker which was bought by Tesco in March, had been seen as a potential heir to Tesco Chief Executive Dave Lewis.

  • Reuters - UK Focus8 days ago

    Tesco UK boss Wilson steps back due to illness

    Tesco said its recently appointed UK and Ireland boss Charles Wilson would step down to a less onerous role after being diagnosed with throat cancer three months ago. Wilson, the former CEO of wholesaler Booker which was bought by Tesco in March, had been seen as a potential heir to Tesco (Swiss: TSCO.SW - news) Chief Executive Dave Lewis.

  • Reuters - UK Focus14 days ago

    Sainsbury's pins sales growth slowdown on price cuts, not Asda deal

    Sainsbury's, Britain's second biggest supermarket group, said sales growth slowed over the past three months because it pushed through price cuts, denying it had been distracted by its deal to take over rival Asda. Although Sainsbury's food trading performance is lagging rivals, its shares are by up over a third this year on the back of April's agreed 7.3 billion pounds ($9.7 billion) takeover of Walmart owned Asda. The CMA's probe is expected to be lengthy and Sainsbury's does not anticipate the deal being concluded until the second half of 2019.

  • Reuters14 days ago

    Carrefour, Tesco deal to squeeze suppliers, big and small

    PARIS/LONDON (Reuters) - A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever, Nestle and Procter & Gamble, at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.

  • Carrefour, Tesco deal to squeeze suppliers, big and small
    Reuters15 days ago

    Carrefour, Tesco deal to squeeze suppliers, big and small

    PARIS/LONDON (Reuters) - A deal between Carrefour (CARR.PA) and Tesco (TSCO.L) to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever (ULVR.L), Nestle (NESN.S) and Procter & Gamble (PG.N), at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.

  • Here’s why the Tesco share price scares me, and why I’m steering clear
    Fool.co.uk15 days ago

    Here’s why the Tesco share price scares me, and why I’m steering clear

    Tesco plc (LON: TSCO) is dividing investors' opinions, so is it the bulls or the bears who've got it right?

  • The Wall Street Journal16 days ago

    [$$] Grocery Giants Tesco, Carrefour Team Up Amid Amazon Threat

    Two of the world’s biggest grocery chains, Tesco PLC and Carrefour SA, have struck a deal to collaborate on how they buy from suppliers in an effort to cut prices amid mounting competition from Amazon.com Inc. and other rivals. Tesco, Britain’s largest grocery chain, and Carrefour, the French giant, said they would jointly source certain products to lower prices, raise quality and broaden their product offerings. The deal is the latest in a string of moves by traditional grocers the world over as they race to find new ways to compete with Amazon’s growing food ambitions and fast-changing shopper behavior.

  • Tesco moves to bolster 'value' through alliance with Carrefour
    Sky News16 days ago

    Tesco moves to bolster 'value' through alliance with Carrefour

    Tesco (Frankfurt: 852647 - news) is aiming to tie-up a "strategic alliance" with Carrefour (LSE: 0NPH.L - news) in France in a move aimed at cutting costs which can then be passed on to customers. Tesco said: "The alliance will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. The firms, no strangers to price backlashes from suppliers over the years, moved to distance themselves from any suggestion the alliance would leave them disadvantaged.

  • European shares fall as trade worries and German politics bite
    Reuters16 days ago

    European shares fall as trade worries and German politics bite

    By Julien Ponthus LONDON (Reuters) - European shares fell on Monday as worries about U.S. trade policies and concerns about German Chancellor Angela Merkel's coalition government weighed on sentiment. ...

  • Reuters16 days ago

    Carrefour and Tesco up stakes with new purchasing alliance

    PARIS/LONDON (Reuters) - Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. With combined annual sales of $170 billion, the partnership is designed to secure a better deal from the likes of Nestle, Procter & Gamble, Unilever, Danone and others to help the French and British groups to compete hard on price. Such alliances are becoming increasingly common in Europe's retail sector as supermarkets battle to keep prices down to counter German-owned discount groups Aldi and Lidl and the looming shadow of U.S. internet giant Amazon.

  • Reuters - UK Focus16 days ago

    Carrefour and Tesco up stakes with new purchasing alliance

    PARIS/LONDON, July 2 (Reuters) - Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. With combined annual sales of $170 billion, the partnership is designed to secure a better deal from the likes of Nestle , Procter & Gamble, Unilever, Danone and others to help the French and British groups to compete hard on price. Such alliances are becoming increasingly common in Europe's retail sector as supermarkets battle to keep prices down to counter German-owned discount groups Aldi and Lidl and the looming shadow of U.S. internet giant Amazon.

  • Supermarket chains Tesco, Carrefour form strategic alliance
    Associated Press16 days ago

    Supermarket chains Tesco, Carrefour form strategic alliance

    LONDON (AP) — Tesco and Carrefour, two of Europe's biggest supermarket chains, are teaming up to wring better deals out of suppliers as traditional retailers battle increased competition from internet traders.

  • An Entente Cordiale Against the Wrath of Amazon
    Bloomberg16 days ago

    An Entente Cordiale Against the Wrath of Amazon

    Tesco Plc and Carrefour SA are joining forces in a grocery "entente cordiale" against price pressure from Amazon.com Inc. and domestic rivals. This is a sensible rather than a radical solution to their problems, and may only work to defend margins rather than boost them. The logic here is simple: Carrefour and Tesco are teaming up to get better terms from suppliers.

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