TSCO.L - Tesco PLC

LSE - LSE Delayed Price. Currency in GBp
247.50
-2.90 (-1.16%)
At close: 4:44PM BST
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Previous Close250.40
Open249.80
Bid247.00 x 215000
Ask252.00 x 175000
Day's Range247.50 - 251.21
52 Week Range227.20 - 251.21
Volume24,383,928
Avg. Volume39,670,909
Market Cap24.068B
Beta0.47
PE Ratio (TTM)16.84
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.03 (1.22%)
Ex-Dividend Date2018-05-17
1y Target EstN/A
  • Tesco closure of non-food website puts 500 jobs at risk
    Reuters5 hours 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
    Reuters5 hours 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.

  • The Wall Street Journal5 hours 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.

  • Why all supermarkets should get rid of “best before” labels on fruits and vegetables
    Quartz9 hours ago

    Why all supermarkets should get rid of “best before” labels on fruits and vegetables

    Britain’s biggest supermarket Tesco is getting rid of “best before” labels on fruits and vegetables in a bid to help cut down on food waste. While it’s a bold move for Tesco, other grocers should be asking themselves why they are not doing the same thing. Tesco made the decision after a survey found that…

  • Financial Times17 hours ago

    [$$] Tesco Direct to close in renewed focus on food

    is to close its loss-making Tesco Direct general merchandise business in another sign of tighter focus on food and less emphasis on side-projects initiated by the group’s previous management. The website, which sells items including toys, consumer electronics and household goods, will cease trading on July 9 and the fulfilment centre that handles Tesco Direct orders will close. The decision will have little financial impact, but it is one of the first major moves by Charles Wilson, the former Booker chief executive who became head of Tesco in the UK and Ireland earlier this year.

  • Reuters5 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 as Britain's biggest supermarket group.

  • The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury
    Zacks5 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

  • Tesco PLC (LON:TSCO): Dividend Is Coming In 3 Days, Should You Buy?
    Simply Wall St.9 days ago

    Tesco PLC (LON:TSCO): Dividend Is Coming In 3 Days, Should You Buy?

    Shares of Tesco PLC (LSE:TSCO) will begin trading ex-dividend in 3 days. To qualify for the dividend check of £0.02 per share, investors must have owned the shares prior toRead More...

  • Tesco still favorite stock despite Walmart’s Asda deal with Sainsbury’s, asset manager says
    CNBC12 days ago

    Tesco still favorite stock despite Walmart’s Asda deal with Sainsbury’s, asset manager says

    The U.K. supermarket space has drawn renewed attention from investors following the tie-up between Walmart's Asda and J Sainsbury.

  • Reuters19 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.

  • Reuters19 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'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.

  • Moody's20 days ago

    CD&R Firefly Bidco Limited (UK) -- Moody's assigns B2 CFR to Motor Fuel Group; B1 ratings to first lien facilities and Caa1 rating to the second lien loan; outlook stable.

    Moody's Investors Service (Moody's) has today assigned a corporate family rating (CFR) of B2 and a B2-PD probability of default rating (PDR) to CD&R Firefly 4 Limited ('MFG' or 'the company'), the ultimate parent of the Motor Fuel Group of companies. Concurrently, Moody's has assigned a B1 rating (LGD 3) to the GBP 1,196 million senior secured facilities maturing in 2025 as well as to the GBP 230 million Revolving Credit Facility (RCF) and to the GBP 50 million Letter of Credit Facility both due in 2024. The borrower of all facilities is CD&R Firefly Bidco Limited (UK).

  • Reuters21 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
    Reuters21 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 ...

  • Reuters22 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.

  • Reuters22 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.

  • The Wall Street Journal22 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.

  • Reuters22 days ago

    Sainsbury's to top Britain's Tesco with £7.3 billion swoop on Walmart's Asda

    Sainsbury's (SBRY.L) is to buy Walmart's (WMT.N) Asda for around 7.3 billion pounds in a bold attempt to overtake long-time leader Tesco (TSCO.L) as Britain's biggest supermarket group by market share. Sainsbury's and Asda aim to generate savings and buying power to better compete with fast-growing discounters, Aldi and Lidl, a bigger Tesco after its recent 4 billion pounds purchase of wholesaler Booker, and the rise of online shopping, particularly the march of Amazon (AMZN.O). Monday's cash and share deal also provides a potential exit for Walmart, as Asda, which it bought in 1999 for 6.7 billion pounds, has struggled over the last five years.

  • Reuters22 days ago

    Planets finally align for Sainsbury’s to land $10 bln Asda deal

    Codenamed "Project Solar", Sainsbury's 7.3 billion-pound ($10 billion) deal with rival British supermarket chain Asda is an alignment of planets years in the making. In order to keep it secret, Asda, owned by U.S. giant Walmart, was dubbed "Mars" and Sainsbury's "Jupiter" by the teams working on the takeover, a source with direct knowledge of the talks said. Indeed, Sainsbury's Chief Executive Mike Coupe and Roger Burnley, the CEO of Asda, have a shared history that will aid with the integration of the two cultures, Walmart International chief Judith McKenna said on Monday.

  • Reuters22 days ago

    Sainsbury's Asda merger sends shockwaves across FTSE

    British shares traded higher on Monday as the planned merger between Sainsbury's and Asda, the UK arm of Walmart, sent shockwaves through British retail stocks as investors sought to adjust to a potentially game-changing overhaul of the industry. At 0756 GMT, Britain's FTSE (.FTSE) was up 0.25 percent at 7521.18 points but all eyes were on Sainsbury's (SBRY.L) shares, which surged up to 20 percent and were set for their highest ever rise. "Traders will be bracing themselves for volatility in the retail sector and particularly in Sainsbury when markets open this morning," London Capital Group said in a research note.

  • Sainsbury's, Asda merger is capitalism at work: M&G
    CNBC Videos21 days ago

    Sainsbury's, Asda merger is capitalism at work: M&G

    M&G Fund Manager Eric Lonergan and Freddie Lait, founder and CIO at Latitude Investment Management, discuss the U.K. supermarkets' merger.

  • Sainsbury's and Asda merger positive for sector, expert s...
    CNBC Videos22 days ago

    Sainsbury's and Asda merger positive for sector, expert s...

    Freddie Lait, founder and CIO at Latitude Investment Management, speaks about competition within the U.K. food retail space.

  • Sainsbury's share price reaction is in line with expectat...
    CNBC Videos22 days ago

    Sainsbury's share price reaction is in line with expectat...

    Duopolies are usually the most profitable market structures you can have, says Bruno Monteyne, senior analyst for European food retail at Bernstein.