|Bid||180.00 x 215000|
|Ask||211.00 x 175000|
|Day's Range||202.90 - 206.00|
|52 Week Range||165.35 - 217.10|
|PE Ratio (TTM)||24.36|
|Earnings Date||Apr 11, 2018|
|Forward Dividend & Yield||0.02 (0.98%)|
|1y Target Est||219.21|
Tesco Plc faces growing investor pressure to sweeten its 3.9 billion pound ($5.5 billion) offer for wholesaler Booker Group Plc ahead of a shareholder vote in less than two weeks.
Investors in retailer Booker (BOK.L) should reject a "less than compelling" 3.7 billion pounds takeover bid by British market leader Tesco (TSCO.L), a top advisory firm said. Institutional Shareholder Services (ISS), which advises pension schemes and others on how to vote on corporate issues, said in a note dated Feb. 14 the planned cash-and-shares deal was skewed towards Tesco shareholders at its current level. The view of ISS mirrors that of activist hedge fund Sandell Asset Management, which owns 1.75 percent of Booker and has said it wants the deal scrapped unless the target can secure better terms.
Assessing Tesco PLC’s (LSE:TSCO) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met or exceedRead More...
Feb 12 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Melrose Industries Plc accused ...
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.
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 (TSCO.L) 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.
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.
Waitrose became the latest UK supermarket to alter its customer loyalty scheme, telling customers on Thursday that it would scrap its “pick your own offers” programme at the end of this month. Holders ...
The bright, tidy aisles of a grocery store—or thousands of grocery stores, rather—are the newest battleground in the fight for pay equality. The BBC reports that Tesco, Britain’s largest supermarket chain, is facing the prospect of a £4 billion ($5.6 billion) claim involving roughly 100 women who work in its stores as shop assistants and…
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.
By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares broke a seven-day losing streak on Wednesday as investors took heart from a recovery on Wall Street and reduced volatility, returning ...
Britain's major share index came close to recovering from a brutal global sell-off on Wednesday, rising from 10-month lows as shares in financials gained ground. The FTSE 100 (.FTSE) was up 1.9 percent at 7,279.42 points at its close, in line with a bounce across other European bourses. "Whilst we don’t expect this sell off to continue for an extended period of time, given that the fundamentals remain strong and unchanged, it is difficult to call the bottom and judge whether stocks have fallen sufficiently for investors to see value once again," said Fiona Cincotta, market analyst at City Index, said.
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.
As the U.K. forces companies to disclose the gap between men’s and women’s pay, the country’s biggest private employer is confronted with a massive demand from workers feeling short-changed.
LONDON (Reuters) - British Business Secretary Greg Clark was surprised by the scale of a 4 billion pound ($5.6 billion) equal pay claim that is being brought against supermarket chain Tesco (TSCO.L), he ...
City grandee and Tesco chairman John Allan once claimed that women enjoy such a propitious time in the jobs market that the pendulum had swung significantly away from men. The British supermarket group ...
The following are the top stories on the business pages of British newspapers. Ocado Group Plc has raised 144 million pounds ($200.94 million) to invest in its international licensing division, despite admitting that it "didn't have to". Frustrated customers defecting from Barclays Plc boosted the number of net new clients won by Hargreaves Lansdown Plc to 61,000 in the six months to December.
The fraud trial of three former Tesco (TSCO.L) directors has been abandoned after one of them suffered a heart attack more than four months into the high-profile case. Carl Rogberg, the 51-year-old former finance director of Tesco UK, is awaiting bypass surgery in hospital following a heart attack last Thursday, prompting Judge Deborah Taylor to say it would not be right and proper to continue with the trial. The Serious Fraud Office (SFO) will now weigh whether to pursue a new trial, with a decision expected on March 2, and the judge said a re-trial could be timetabled for this September.
LONDON (AP) — The trial in Britain of three former Tesco supermarket executives accused of accounting fraud has collapsed after one of the defendants was hospitalized.
LONDON (Reuters) - Tesco was the top performer of Britain's four largest supermarket groups over the past 12 weeks, posting sales growth of 2.6 percent, although all four again lost market share to discount ...
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.
Tesco said it expects operating profit before exceptional items to come in at £1.58 billion for the year ending Feb. 24, and said it intends to propose a final dividend of 2 pence per share.
Tesco is facing Britain's largest ever equal pay claim and a possible compensation bill of up to 4 billion pounds ($5.6 billion), according to a law firm which has begun legal proceedings. As Kate King reports, it comes as a campaign for equal pay grows in the UK.
British supermarket Tesco faces the country's largest equal pay claim, according to the law firm pursuing it. If all the women believed to be eligible put in a claim, the company could have to dish out up to £4 billion to bring their pay in line with men. Lucy Fielder reports.