TSCO.L - Tesco PLC

LSE - LSE Delayed Price. Currency in GBp
236.80
-2.10 (-0.88%)
At close: 5:00PM BST
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Previous Close238.90
Open239.40
Bid230.00 x 215000
Ask250.00 x 175000
Day's Range236.40 - 240.00
52 Week Range175.20 - 266.80
Volume31,472,471
Avg. Volume27,260,601
Market Cap23.049B
Beta0.59
PE Ratio (TTM)16.11
EPS (TTM)14.70
Earnings DateOct 3, 2018
Forward Dividend & Yield0.03 (1.28%)
Ex-Dividend Date2018-05-17
1y Target Est267.25
  • Reuters4 days ago

    Britain's Tesco takes on discount rivals with new Jack's chain

    Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town. Chief Executive Dave Lewis unveiled Tesco's new Jack's format on Wednesday, saying it would sell 2,600 essential items including 1,800 Jack's-branded products. Jack's is named after Jack Cohen, who in 1919 founded the business that became Tesco, and is a significant move by Lewis, who has rebuilt Tesco after a 2014 accounting scandal capped a dramatic downturn in trading.

  • Reuters4 days ago

    Britain's Tesco takes on discount rivals with new Jack's chain

    Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town. Chief Executive Dave Lewis unveiled Tesco's new Jack's format on Wednesday, saying it would sell 2,600 essential items including 1,800 Jack's-branded products. Jack's is named after Jack Cohen, who in 1919 founded the business that became Tesco, and is a significant move by Lewis, who has rebuilt Tesco after a 2014 accounting scandal capped a dramatic downturn in trading.

  • Tesco Finally Wakes Up and Smells the Discounting
    Bloomberg4 days ago

    Tesco Finally Wakes Up and Smells the Discounting

    Tesco Plc has finally revealed Jack's, its new store format to take on the might of the German discounters, Aldi and Lidl. Tesco should have made this move when the no-frills supermarkets started winning significant market share a few years ago.

  • Tesco Undercuts Lidl and Aldi 
    Bloomberg4 days ago

    Tesco Undercuts Lidl and Aldi 

    Tesco Plc is fighting back against German discounters Lidl and Aldi with a new line of stores that are wooing budget-conscious shoppers with a patriotic pitch. Tesco unveiled its first Jack’s store -- named after the U.K. supermarket chain’s founder, Jack Cohen -- in a small town 80 miles north of London. “The intention is for us to be cheapest in town,” Chief Executive Officer Dave Lewis said at the event in Chatteris, England.

  • Financial Times4 days ago

    [$$] Tesco unveils discount chain Jack’s to take on Aldi and Lidl

    The stores will sell about 2,600 products, more than an average Aldi or Lidl but far fewer than a typical Tesco superstore. Four-fifths of produce will be sourced from UK suppliers and most items will be sold under the Jack’s brand. Speaking at the launch of the one of the first two stores, in Chatteris near Cambridge, Dave Lewis, Tesco’s chief executive, said it would “be very clear that this is part of the Tesco family” but that the reduced product range would make operations simpler and lower cost.

  • Reuters5 days ago

    Tesco takes on German rivals with new discount store format

    Tesco (TSCO.L), Britain's biggest supermarket group, will go head to head with German rivals Aldi [ALDIEI.UL] and Lidl on Wednesday by launching its own discount store format. The fast-expanding discounters made a big breakthrough in Britain when the economic crisis hit in 2008 and more shoppers were prepared to give their limited range stores a go. The pair now have a combined 13.1 percent market share.

  • Reuters5 days ago

    Britain's Tesco takes on German rivals with new discount store format

    Tesco, Britain's biggest supermarket group, will go head to head with German rivals Aldi and Lidl on Wednesday by launching its own discount store format. The fast-expanding discounters made a big breakthrough in Britain when the economic crisis hit in 2008 and more shoppers were prepared to give their limited range stores a go. The pair now have a combined 13.1 percent market share.

  • Reuters5 days ago

    Hot summer boosts UK grocery sales as sector awaits new Tesco format

    Grocery sales grew 3.8 percent in the latest 12-week period, boosted by demand for alcohol, soft drinks and ice cream in a record-breaking hot summer, as supermarkets brace for a push into the discount sector by market leader Tesco. While the country's four biggest supermarkets benefited from the warm weather spending spree, they all lost market share to discounters Aldi and Lidl, whose sales growth was 13.9 percent and 8.3 percent respectively, industry data showed. After a decade of losing market share to the fast-growing discounters, Britain's no.1 supermarket Tesco will on Wednesday take the fight directly to them with the opening of its own discount format, reported to be called "Jack's".

  • Morrisons expects to grow regardless of Brexit deal
    Reuters10 days ago

    Morrisons expects to grow regardless of Brexit deal

    Supermarket group Morrisons (MRW.L) posted its best quarterly sales performance in nine years on Thursday and said it would grow whether or not Britain secures a European Union exit deal. Many business chiefs fear the world's fifth largest economy could end up with a "no-deal" Brexit that they say would clog up trade, but Britain's fourth largest supermarket group believes it is better placed than most to cope. In its second quarter, group underlying sales at Morrisons rose by 6.3 percent, an eleventh straight quarter of growth, boosted by Britain's record-breaking summer heatwave, the soccer World Cup and the Royal Wedding.

  • Tesco set to launch new discount format next week
    Reuters12 days ago

    Tesco set to launch new discount format next week

    Tesco, Britain's biggest supermarket group, is set to launch a new discount format next week, taking the fight directly to German discounters Aldi [ALDIEI.UL] and Lidl who have been winning market share for a decade. Tesco on Tuesday invited reporters to join Chief Executive Dave Lewis at its site at Chatteris in Cambridgeshire, eastern England, on Sept. 19. "We will be sharing some exciting news," Tesco said in a statement without elaborating.

  • Reuters17 days ago

    Asda calls time on price guarantee scheme

    Asda will next month abandon a scheme which refunds shoppers the difference if the goods they purchase are more expensive than in rival supermarkets, following other chains that have scrapped similar programmes. Asda, the British supermarket arm of Walmart (WMT.N) that has agreed to a takeover by bigger rival Sainsbury's (SBRY.L), said the scheme was no longer relevant and it would instead invest directly in lowering prices. Its move follows market leader Tesco's (TSCO.L) decision in June to scrap its "Brand Guarantee" scheme.

  • Reuters19 days ago

    Tesco recruits dealmaker to board as non-executive director

    Britain's biggest retailer Tesco has beefed-up its dealmaking expertise with the appointment of a former Bain Capital and Goldman Sachs executive to its board. The supermarket group, which bought wholesaler Booker for nearly 4 billion pounds ($5.1 billion) in February, said on Tuesday Melissa Bethell would join as a non-executive director on Sept. 24. Bethell is currently a partner at Atairos, an investment fund backed by Comcast NBC Universal, and a director of Exor, a listed holding company for the Agnelli family.

  • Reuters23 days ago

    Restructuring at France's Auchan Retail weighs on first-half earnings

    French retailer Auchan said on Friday that costs from its three-year restructuring plan to boost sales and profits weighed on its first-half results, driving core profit down by more than a fifth. Unlisted Auchan Retail however said stabilising sales in its core French market, a purchasing alliance with retailers Casino , Metro and Dia and a recent deal with Alibaba in China gave it confidence in its future prospects.

  • Does Tesco PLC’s (LON:TSCO) PE Ratio Warrant A Sell?
    Simply Wall St.25 days ago

    Does Tesco PLC’s (LON:TSCO) PE Ratio Warrant A Sell?

    I am writing today to help inform people who are new to the stock market and want to learn about the link between company’s fundamentals and stock market performance. TescoRead More...

  • UK competition regulator starts formal probe of Sainsbury's-Asda deal
    Reuterslast month

    UK competition regulator starts formal probe of Sainsbury's-Asda deal

    The move by Sainsbury's, Britain's second-largest supermarket player, for third-placed Asda, would see the merged company overtake current market leader Tesco (TSCO.L) and be better placed to fend off fast growing German discounters Aldi and Lidl as well as online giant Amazon (AMZN.O). The combined group is seeking 350 million pounds of savings when buying from suppliers.

  • Reuterslast month

    Sainsbury's lags rivals in UK grocery market - Kantar Worldpanel

    Sainsbury's, Britain's second largest supermarket group which has agreed to buy smaller rival Asda, was again the worst performer of the country's big four grocers in the latest 12-week period, industry data showed on Tuesday. In April Sainsbury's agreed a 7.3 billion pounds ($9.3 billion) cash and shares takeover of Walmart-owned Asda, the No. 3 player - a combination that could overtake Tesco as Britain's biggest supermarket group. Sales at Sainsbury's rose 1.2 percent in the 12 weeks to Aug. 12, market researcher Kantar Worldpanel said.

  • Reuterslast month

    Sainsbury's lags rivals in UK grocery market -Kantar Worldpanel

    * Sainsbury's sales up 1.2 pct in latest 12-week period * Lags growth of 2.6 pct at takeover target Asda * Sainsbury's agreed 7.3 bln stg purchase of Asda in April (Adds details, analyst comment, shares) LONDON, Aug 21 (Reuters) - Sainsbury's, Britain's second largest supermarket group which has agreed to buy smaller rival Asda, was again the worst performer of the country's big four grocers in the latest 12-week period, industry data showed on Tuesday. In April Sainsbury's agreed a 7.3 billion pounds ($9.3 billion) cash and shares takeover of Walmart-owned Asda, the No. 3 player - a combination that could overtake Tesco as Britain's biggest supermarket group. Sales at Sainsbury's rose 1.2 percent in the 12 weeks to Aug. 12, market researcher Kantar Worldpanel said.

  • What Should We Expect From Tesco PLC’s (LON:TSCO) Earnings In The Next 12 Months?
    Simply Wall St.last month

    What Should We Expect From Tesco PLC’s (LON:TSCO) Earnings In The Next 12 Months?

    After Tesco PLC’s (LON:TSCO) earnings announcement in February 2018, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 29.23% next year against the past 5-year average growthRead More...

  • Aldi takes on U.S. rivals with scores of new products
    Reuterslast month

    Aldi takes on U.S. rivals with scores of new products

    German-owned discount supermarket Aldi Inc [ALDIEI.UL] is rolling out scores of new products in the United States, it said on Thursday, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war. Aldi, the world's No. 5 retailer owned by Aldi Sud, embarked on a $5 billion plan last year to remodel and expand its U.S. chain to 2,500 by the end of 2022 from 1,600 in June 2017. A fifth of all products in Aldi stores will be new by early 2019, the company said, adding that it had targeted popular categories including easy-to-prepare food and fresh, organic produce and meat.

  • Tesco PLC (LON:TSCO): What Does The Future Look Like?
    Simply Wall St.2 months ago

    Tesco PLC (LON:TSCO): What Does The Future Look Like?

    The latest earnings announcement Tesco PLC (LON:TSCO) released in February 2018 showed that the company experienced a significant tailwind, more than doubling its earnings from the prior year. Today IRead More...

  • Reuters2 months ago

    Carrefour, Tesco alliance to become operational in October

    PARIS (Reuters) - Supermarket retailers Carrefour (CARR.PA) and Tesco (TSCO.L) said on Monday that they expected their previously-announced purchasing alliance to become operational in October. The companies ...

  • Former Tesco finance director will not face fraud trial with others
    Reuters2 months ago

    Former Tesco finance director will not face fraud trial with others

    Former Tesco (TSCO.L) finance director Carl Rogberg will not stand trial with two of his former colleagues in September, Britain's Serious Fraud Office said on Monday. "Today His Honour Judge Sir John Royce severed Carl Rogberg from the upcoming trial indictment," the SFO said in a statement to media, which are barred under English law from reporting the reason why Rogberg will not stand trial in September. Two of Rogberg's one-time colleagues at Tesco, UK managing director Christopher Bush and food commercial director John Scouler, neither of whom still work for the supermarket, face a retrial starting on Sept. 3 after the first trial was called off shortly before the jury was due to consider its verdict.

  • Retailers set sights on Facebook, Google ad revenue
    Reuters2 months ago

    Retailers set sights on Facebook, Google ad revenue

    Using data about its customers' shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson's cordless V6 vacuum on social media and Target's website. Data about real people and real behaviours “actually get a much stronger result because the fidelity of that data is so much richer," said Kristi Argyilan, Target's senior vice president of media and guest engagement. Retailers ranging from Target and Walmart Inc (WMT.N) to grocers such as Tesco Plc (TSCO.L) are working aggressively to attract big advertisers to their websites in a bid to drive sales, according to interviews with retailers, packaged goods makers, consumer data firms and marketing consultants.

  • Reuters2 months ago

    Sainsbury's put in the shade by takeover target Asda's sales growth - Kantar

    Asda, the British supermarket arm of Walmart, recorded its strongest sales growth in more than five years over the last quarter, while Sainsbury's, which has agreed to buy its smaller rival, was the laggard, industry data showed on Tuesday. Sainsbury's, Britain's second largest supermarket group, sealed a £7.3 billion takeover of Asda, the number three, in April, a combination that will overtake Tesco as Britain's biggest grocery chain.