TESO - Tesco Corporation

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
3.70
-0.25 (-6.33%)
At close: 4:00PM EST
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Previous Close3.95
Open3.90
Bid0.00 x 0
Ask0.00 x 0
Day's Range3.70 - 3.95
52 Week Range3.70 - 3.95
Volume15,653,787
Avg. VolumeN/A
Market CapN/A
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters11 days ago

    Tesco profit surge and Booker boost defy UK retail gloom

    Britain's biggest retailer Tesco bucked a grim start to the year for the sector with a 28 percent surge in annual profit and a punchy revenue growth target for the newly acquired Booker wholesale business. Shares in Tesco rose as much as 6.5 percent on Wednesday after it confirmed targets for cost savings, cash generation and profit margins and said the integration of Booker, purchased for 4 billion pounds ($5.7 billion) last month, was well underway. The deal will see Tesco expand to provide food to restaurants, bars and smaller grocers, while some 200 million pounds of annual synergies are targeted within three years.

  • Tesco looks to Booker for growth as profits rebound
    The Telegraph11 days ago

    Tesco looks to Booker for growth as profits rebound

    Tesco looks to Booker for growth as profits rebound

  • Tesco roars but will the beast now get its claws into the discounters?
    The Independent11 days ago

    Tesco roars but will the beast now get its claws into the discounters?

    Is Tesco going to go head to head with Aldi and Lidl by launching its own discounter? More than 260,000 extra shoppers visited Tesco. As a result, the vocal critics of Mr Lewis’s decision to take his basket down the merger aisle with the acquisition of wholesaler Booker have piped down (for now).

  • Tesco share price surges after it unveils 800% profit rise and resumes dividend
    The Independent11 days ago

    Tesco share price surges after it unveils 800% profit rise and resumes dividend

    Sales and profits improved at Tesco last year, leading the supermarket to announce its first dividend in three years. Operating profit increased by 80.6 per cent from £1.02bn to £1.84bn, while profit before tax was up 795 per cent at £1.3bn, from £145m. Group sales rose 2.3 per cent from £49.9bn to £51bn, as the supermarket added 260,000 more customers.

  • Tesco set to defy retail gloom with surging profits  
    The Telegraph14 days ago

    Tesco set to defy retail gloom with surging profits  

    Tesco set to defy retail gloom with surging profits  

  • Reuters18 days ago

    UK's Tesco says own-brand soft drink prices will not rise after sugar levy

    Britain's biggest supermarket chain Tesco (TSCO.L) said on Tuesday the price of its own brand fizzy drinks will not increase after a sugar levy comes into force this week as they already fall below a government-imposed threshold. Britain will implement the levy from April 6 on makers of sugary drinks, a move advocated by health campaigners arguing that they are a source of empty calories. "Over the last decade, we've been working in partnership with our suppliers to make our own-label soft drinks healthier, by reformulating them to reduce sugar content," said Head of Soft Drinks Phil Banks.

  • Reuters2 months ago

    Tesco, Morrisons lead big four pack as inflation eases - Kantar Worldpanel

    Market leader Tesco and No. 4 Morrisons were the best performers of Britain's big four supermarkets over the last three months, industry data showed on Tuesday. Grocery inflation was 2.9 percent during the period, down from 3.6 percent in Kantar's February report. Market researcher Kantar Worldpanel said Tesco and Morrisons' sales both increased 2.7 percent year-on-year over the 12 weeks to February 25 - ahead of growth of 2.3 percent at No. 3 Asda and 1.1 percent at No. 2 Sainsbury's.

  • Reuters2 months ago

    Tesco completes four billion pound takeover of Booker​

    Tesco's 4 billion pound takeover of Booker has completed, both companies said on Monday, creating a new powerhouse in Britain's 200 billion pound-a-year food market. The cash and shares deal to combine Tesco, Britain's biggest retailer, with Booker, the country's largest wholesaler, received court approval on Friday and is now in effect. Booker shares have now been de-listed from the London Stock Exchange.

  • Reuters2 months ago

    Tesco and Booker shareholders give marriage blessing

    Tesco's 4 billion pound ($5.5 billion) takeover of Booker was overwhelmingly backed by shareholders of both companies on Wednesday, clearing the final hurdles to the creation of a new powerhouse in Britain's 200 billion pounds-a-year food market. Investor approval, which followed the regulatory green light in December, means the cash and shares deal to combine Tesco, Britain's biggest retailer, with Booker, the country's largest wholesaler, is set to complete on March 5. The support is a personal victory for Tesco Chief Executive Dave Lewis, who stunned the market in January 2017 with an agreed deal with Booker that was originally valued at 3.7 billion pounds.

  • Reuters2 months ago

    Booker shareholders back Tesco takeover at general meeting

    Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest retailer, according to provisional voting figures. At a general meeting of Booker investors 83.4 percent of votes cast approved the deal, which was valued at 3.7 billion pounds when it was agreed in January 2017 but worth 3.95 billion pounds at Tuesday's closing share prices. Booker required the support of 75 percent of votes cast for the deal to proceed.

  • Reuters2 months ago

    Investor adviser Glass Lewis urges Booker investors to oppose Tesco deal

    Investor advisory firm Glass Lewis has urged shareholders in British wholesaler Booker Group (BOK.L) to reject a takeover by retailer Tesco (TSCO.L), dealing a fresh blow to the proposed 3.7 billion-pound deal. The premium offered by Tesco's shares-and-cash bid "clearly lags regional trends," and Booker shareholders should vote against the deal at a meeting on Feb. 28 called to approve it, Glass Lewis told clients in a report on Tuesday.

  • Reuters2 months ago

    Tesco plans a chain of discount stores - Sunday Times

    Supermarket group Tesco, Britain's biggest retailer, is planning a chain of cut-price stores to counter the growth of discount rivals Aldi and Lidl, the Sunday Times newspaper reported. The paper said Tesco was understood to be developing a separate brand that would match its German competitors on price with a more limited range than in its main stores. Tesco had no immediate comment on the report.

  • Reuters2 months ago

    U.S. activist investor says Booker should get better offer from Tesco

    A U.S. hedge fund which owns a stake in Booker Group (BOK.L) said on Thursday it plans to oppose Tesco's (TSCO.L) 3.7 billion pound takeover bid unless the wholesaler secures a better deal. Sandell Asset Management said in a statement that it holds the equivalent of 1.75 percent of Booker and had expressed its concerns about the Tesco takeover in a letter to Booker's board. Sandell believes that fair value for Booker shares is between 255 pence per share and 265 pence.

  • Reuters2 months ago

    Tesco faces record 4 billion pounds equal pay claim

    Supermarket group Tesco is facing a potential bill of up to 4 billion pounds in a record equal pay claim involving mainly women workers at its British stores, according to the law firm pursuing the case. Tesco is Britain's biggest retailer and its largest private sector employer with more than 310,000 staff. Law firm Leigh Day said on Wednesday the mainly male employees in Tesco's distribution centres were paid considerably more than its largely female store workers.

  • Reuters2 months ago

    Tesco faces record $5.6 billion equal pay claim

    Supermarket group Tesco (TSCO.L) is facing a potential bill of up to 4 billion pounds ($5.6 billion) in a record equal pay claim involving mainly women workers at its British stores, according to the law firm pursuing the case. Tesco is Britain's biggest retailer and its largest private sector employer with more than 310,000 staff. Law firm Leigh Day said on Wednesday the mainly male employees in Tesco's distribution centres were paid considerably more than its largely female store workers.

  • Reuters2 months ago

    Booker boss Wilson to run Tesco's British business

    Tesco, Britain's biggest retailer, said Booker boss Charles Wilson would stay on and run its entire UK business once it completes the 3.7 billion pounds ($5.2 billion) takeover of the wholesaler. Tesco also forecast profit for 2017-18 would come in slightly ahead of analysts' expectations, adding it had traded in line with management expectations since it last updated investors on Jan. 11. Tesco's purchase of Booker is the boldest move yet by its Chief Executive Dave Lewis, who took over in 2014, providing the supermarket group with access to the faster growing catering segment of Britain's 195 billion pound food market.

  • Reuters3 months ago

    Tesco Bank names Ulster Bank chief as CEO

    Tesco Bank has named Ulster Bank Chief Executive Gerry Mallon as its new CEO, the bank which is owned by Britain's biggest retailer Tesco (TSCO.L) said on Wednesday. Mallon will take up his job towards the end of July 2018, Tesco Bank said, replacing Benny Higgins who is due to retire in February. "Electing a young and energetic leader to target growth across the domain of financial services product in a world of burgeoning open access to banking data would seem to us to be a sensible move," analyst John Cronin at Irish broker Goodbody said about Mallon's appointment.

  • Reuters3 months ago

    Tesco poaches Ulster Bank CEO Mallon for its financial services arm - Sky News

    (Reuters) - Tesco Plc (TSCO.L) has poached Ulster Bank Chief Executive Gerry Mallon to run the financial services arm of Britain's biggest retailer, Sky News reported on Tuesday. Mallon has resigned as ...

  • Reuters3 months ago

    Tesco UK to cut net 800 jobs in cost-cutting drive

    Britain's biggest retailer Tesco (TSCO.L) said on Monday it will cut a net 800 jobs from its UK business in its latest move to simplify operations and achieve targeted cost savings. The supermarket group, the UK's largest private sector employer with a staff of over 310,000, said the role of "people manager" and "compliance manager" will be removed from large UK stores and fulfilment centres, as will the role of "customer experience manager" from 226 stores. Tesco said it would, however, create 900 new roles - "people partners", "learning partners" and "colleague relations partners" - who will work across multiple sites, in distribution, stores and fulfilment.

  • Unwanted gifts spoil Tesco's Christmas
    Reuters3 months ago

    Unwanted gifts spoil Tesco's Christmas

    Tesco's (TSCO.L) Christmas trading missed forecasts as strong food sales were offset by weak demand for items such as DVDs and computer games, showing that even Britain's biggest supermarket chain is feeling the strain as consumers curb their spending. Market research this week had identified Tesco as a festive winner, but the group said lower sales of general merchandise and the collapse of a tobacco supplier cast a shadow over a record week of trading before Dec. 25. Britons, whose spending power has been squeezed by inflation, prioritised food this Christmas and cut back on nearly everything else, industry data has shown.

  • Reuters3 months ago

    Unwanted gifts spoil Tesco's Christmas

    Tesco's Christmas trading missed forecasts as strong food sales were offset by weak demand for items such as DVDs and computer games, showing that even Britain's biggest supermarket chain is feeling the strain as consumers curb their spending. Market research this week had identified Tesco as a festive winner, but the group said lower sales of general merchandise and the collapse of a tobacco supplier cast a shadow over a record week of trading before Dec. 25. Britons, whose spending power has been squeezed by inflation, prioritised food this Christmas and cut back on nearly everything else, industry data has shown.

  • Reuters3 months ago

    Morrisons, Tesco and discounters stand out in Christmas battle

    Britain's fourth biggest supermarket chain Morrisons beat sales growth forecasts over Christmas while industry data indicated market leader Tesco outperformed smaller listed rivals during the festive season. The survey data from both Kantar Worldpanel and Nielsen showed Tesco enjoyed the strongest performance of Britain's big four chains over the Christmas quarter with total sales growth put at 3.1 percent and 3.4 percent respectively. The data showed second placed Sainsbury's and third ranked Asda performed solidly, but also that privately-owned German discounters Aldi UK and Lidl UK continued to outpace the sales growth of all the big four, winning market share from all but Tesco.

  • Reuters4 months ago

    Tesco strengthens grip on UK food market with Booker clearance​

    Tesco (TSCO.L), Britain's largest retailer, tightened its hold on the nation's food market on Wednesday when the competition regulator gave final approval for its 3.7 billion pound ($4.95 billion) takeover of wholesaler Booker (BOK.L). Buying Booker marks the boldest move yet by Tesco Chief Executive Dave Lewis, who took over in 2014, providing the supermarket group with access to the faster growing catering segment of Britain's 195 billion pound food market. The ruling by the Competition and Markets Authority (CMA) that the deal, first announced in January, does not raise competition concerns, means that Tesco ends the year on a high.

  • PR Newswire4 months ago

    Nabors Completes Acquisition of Tesco Corporation

    Under the terms of the agreement, Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors for each share of Tesco stock owned.

  • PR Newswire5 months ago

    Tesco Corporation Shareholders Vote to Approve Acquisition by Nabors

    At a Special Meeting of Shareholders held today (the "Meeting") in Canada, Tesco shareholders approved, by a large majority, the Arrangement pursuant to which Nabors will acquire all of Tesco's common shares in a stock-for-stock transaction. Tesco President and Chief Executive Officer Fernando Assing, commented, "We are truly pleased with the strong support received from our shareholders which resulted in the approval of both management proposals during today's shareholder meeting.