TSCO.L - Tesco PLC

LSE - LSE Delayed Price. Currency in GBp
228.70
-4.10 (-1.76%)
At close: 4:36PM GMT
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Previous Close232.80
Open233.40
Bid227.50 x 215000
Ask235.00 x 175000
Day's Range228.60 - 234.30
52 Week Range187.05 - 266.80
Volume16,818,490
Avg. Volume23,914,440
Market Cap22.263B
Beta (3Y Monthly)1.13
PE Ratio (TTM)20.42
EPS (TTM)11.20
Earnings DateApr 10, 2019
Forward Dividend & Yield0.04 (1.57%)
Ex-Dividend Date2018-10-11
1y Target Est269.93
  • Ex-Barclays banker convicted in Euribor rigging trial
    Reuters1 hour ago

    Ex-Barclays banker convicted in Euribor rigging trial

    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.

  • Sainsbury's-Asda seek to salvage deal with billion pound price cut pledge
    Reuters7 days ago

    Sainsbury's-Asda seek to salvage deal with billion pound price cut pledge

    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.

  • Reuters8 days ago

    Brexit crisis tipped for British asparagus as EU seasonal workers stay away

    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.

  • Moody's12 days ago

    Carrefour S.A. -- Moody's changes outlook on Carrefour to negative; affirms ratings

    Moody's Investors Service ("Moody's") has today affirmed the ratings on France-based food retailer Carrefour S.A.'s (Carrefour) (P) Baa1 senior unsecured medium term notes program and (P)P-2 other short term. Concurrently, Moody's changed Carrefour's outlook to negative from stable. "Moody's decision to change Carrefour's outlook to negative reflects our view that additional restructuring measures will be necessary to restore earnings and market shares as operating challenges grow for the French food retailing industry," said Vincent Gusdorf, a Vice President -- Senior Analyst at Moody's and lead analyst for Carrefour.

  • CNBC12 days ago

    Here's why Tesco's 'Fresh & Easy' stores failed in the United States

    There are more than 6,500 Tesco stores worldwide, but there is one country where the British retailer failed to take off: the United States.

  • More woe for Sainsbury's as sales deteriorate
    Reuters21 days ago

    More woe for Sainsbury's as sales deteriorate

    Sales at Sainsbury's, Britain's No. 2 supermarket group, have worsened, industry data showed on Tuesday, adding to its woes after a brutal provisional regulatory view on its proposed 7.3 billion pound takeover of Asda. Shares in Sainsbury's, which had fallen by nearly a fifth after the CMA's preliminary report, dropped as much as 1.3 percent on Tuesday after market researcher Kantar Worldpanel said Sainsbury's sales fell 1 percent in the 12 weeks to Feb. 24, reducing its market share by 0.5 percentage points to 15.7 percent. In contrast sales at market leader Tesco, No. 3 Asda, which is owned by Walmart, and No. 4 Morrisons rose 1.3 percent, 1 percent and 0.8 percent respectively, Kantar said.

  • French supermarket operator Carrefour raises cost savings goal
    Reuters26 days ago

    French supermarket operator Carrefour raises cost savings goal

    France's Carrefour raised its savings goal and said it would step up plans to downsize its hypermarket stores, as Europe's largest retailer delivered cost cuts of 1.05 billion euros (898 million pounds) in 2018 and a higher free cash flow. It posted a well-flagged 3.4 percent decline in 2018 operating profit, reflecting weakness in its domestic market that offset a better performance in Brazil, which is its second-biggest market behind France. Carrefour shares were up 1.7 percent at 0853 GMT, however, as analysts welcomed its general plans to cut costs.

  • Reuters27 days ago

    M&S food to go online in $2 billion Ocado joint venture

    Britain's Marks and Spencer and Ocado launched an online food joint venture on Wednesday, belatedly giving M&S a home-delivery service while netting $1 billion (£753 million) for its fast-growing technology providing partner. M&S, Britain's best-known stores group, has lagged rivals in tapping into Britain's fastest growing grocery area, which industry researcher IGD expects to expand by 52 percent over the next five years to £17.3 billion. Under the deal, Ocado's retail arm will become a joint venture with M&S, which will pay £750 million for its half share.

  • Reuterslast month

    For Sainsbury and Asda, watchdog's analysis leaves merger in serious doubt

    Sainsbury's planned £7.3 billion takeover of Walmart's Asda can only be salvaged if Britain's competition regulator fundamentally changes its analysis of Britain's grocery market, experts said on Thursday. "The only way you get there is you have to have the CMA do a fundamental u-turn on the way they’ve appraised it,” said one person familiar with Sainsbury's thinking. Sainsbury and Asda have until March 13 to respond to the CMA's provisional findings and until March 6 to respond to its suggested divestment remedies.

  • Barrons.comlast month

    Walmart Can Just Walk Away if Its U.K. Merger Plan Is Blocked

    British regulators signaled they may veto the merger of Walmart’s U.K. supermarket unit with J Sainsbury.

  • Sainsbury's sinks but Lloyds, trade hopes lift FTSE 100
    Reuterslast month

    Sainsbury's sinks but Lloyds, trade hopes lift FTSE 100

    Both the FTSE 100 and the FTSE 250 ended the day with 0.7 percent higher. Stocks in Wall Street were also in positive territory as investors awaited the Federal Reserve's minutes from its latest meeting. Hopes of a breakthrough in the U.S.-China trade talks lifted spirits as U.S. President Donald Trump said he was open to extending their March 1 deadline.

  • Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan
    Reuterslast month

    Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan

    Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion (£7.3 billion) takeover of Walmart's Asda, saying the supermarket groups are unlikely to be able to address its "extensive" concerns about the deal. Shares in Sainsbury's plunged as much as 17 percent on Wednesday after the Competition and Markets Authority (CMA) said its provisional view was the deal should be blocked, require the sale of a large number of stores, or even one of the brands. "Close to the worst possible outcome (for the companies)," said Bernstein analyst Bruno Monteyne.

  • Investing.comlast month

    MarketPulse Europe - Sainsbury's Asda Deal Crushed by Regulator

    By Geoffrey Smith

  • Reuterslast month

    British supermarkets battle to secure stocks as chaotic Brexit looms

    Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing trade terms, food industry officials say. With no deal in sight as Britain's March 29 exit date approaches, supermarkets are stockpiling, working on alternative supplies and testing new routes to cope with an expected logjam at the borders but say they face insurmountable barriers. "You can't stockpile fresh produce, you haven't got any space and it wouldn't be fresh," said Tim Steiner, head of online supermarket pioneer Ocado.

  • Reuterslast month

    Tesco says new accounting standard will not have economic impact

    Tesco, Britain's biggest retailer, said on Friday a new accounting standard related to the treatment of leases, will change the way assets and liabilities are presented but will not have an economic impact on the group. It also said the introduction of the new IFRS 16 standard would have no bearing on the plans or financial ambitions Tesco detailed in October 2016. Tesco said it has no effect on how the business is run, nor on cash flows for the group.

  • Reuterslast month

    Competition regulator extends review deadline for Sainsbury's-Asda deal

    Britain's competition regulator has extended the review period for Sainsbury's proposed £7.3 billion takeover of rival supermarket group Asda by eight weeks to give it more time to consider evidence recently provided to them. The Competition and Markets Authority (CMA) regulator had been due to publish its provisional findings on the deal by early February and its final report in early March. The deal, agreed in April 2018, between second-ranked Sainsbury's and the British arm of Walmart, the number three player, could see the combined group vault Tesco as market leader.

  • Reuterslast month

    UK regulator extends review deadline for Sainsbury's-Asda deal

    Britain's competition regulator has extended the review period for Sainsbury's proposed 7.3 billion pound ($9.5 billion) takeover of rival supermarket group Asda by eight weeks to give it more time to consider evidence recently provided to them. The Competition and Markets Authority (CMA) regulator had been due to publish its provisional findings on the deal by early February and its final report in early March. The deal, agreed in April 2018, between second-ranked Sainsbury's and the British arm of Walmart, the number three player, could see the combined group vault Tesco as market leader.

  • Reuters2 months ago

    Britain's 'big four' supermarkets continue to lose share - Kantar

    LONDON (Reuters) - Britain's "big four" supermarkets continued to lose market share to German discounters Aldi and Lidl in the 12 weeks to Jan. 27, market research firm Kantar Worldpanel said ...

  • Reuters2 months ago

    Britain's 'big four' supermarkets continue to lose share-Kantar

    Britain's "big four" supermarkets continued to lose market share to German discounters Aldi and Lidl in the 12 weeks to Jan. 27, market research firm Kantar Worldpanel said on Tuesday. Market ...

  • Reuters2 months ago

    Sainsbury's-Asda deal could live with upwards of 132 store disposals - UBS

    The proposed merger of Sainsbury's and rival supermarket operator Asda would be viable even if regulators forced the group to dispose of 132 stores or more, Sainsbury's house broker UBS said on Tuesday. Sainsbury's and Asda, which is owned by Walmart, agreed the 7.3 billion pound deal in April last year and it is currently being probed by Britain's regulator, the Competition and Markets Authority (CMA). Analysts at UBS said that based on disclosures from a recent Competition Appeal Tribunal (CAT) ruling, the CMA's best estimate appears to be the week commencing Feb. 11.

  • Why Tesco flopped in the United States
    CNBC Videos12 days ago

    Why Tesco flopped in the United States

    There are more than 6,500 Tesco stores worldwide, but there is one country where the British retailer failed to take off: the United States.