TSCO.L - Tesco PLC

LSE - LSE Delayed Price. Currency in GBp
257.90
-0.90 (-0.35%)
At close: 4:37PM BST
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Previous Close258.80
Open258.50
Bid256.00 x 215000
Ask260.00 x 175000
Day's Range256.52 - 258.60
52 Week Range171.95 - 262.50
Volume12,198,382
Avg. Volume34,050,563
Market Cap25.088B
Beta0.53
PE Ratio (TTM)17.54
EPS (TTM)14.70
Earnings DateOct 3, 2018
Forward Dividend & Yield0.03 (1.15%)
Ex-Dividend Date2018-05-17
1y Target Est266.00
  • Carrefour and Tesco join forces to boost purchasing firepower
    Reuters Videos21 days ago

    Carrefour and Tesco join forces to boost purchasing firepower

    Europe's two largest supermarket groups, France's Carrefour and Britain's Tesco, plan to form a global purchasing alliance to cut costs in the face of competitive pressure. As Thuy Ong reports, the deal is the latest partnership in a European retail industry into which U.S. internet giant Amazon has made inroads in recent months.

  • Bloomberg8 hours ago

    Tesco Readies New Discount Stores to Take on Lidl and Aldi

    Tesco Plc is readying a new chain of discount stores in the company’s most direct offensive on Aldi and Lidl to date. Tesco acquired both sites before Chief Executive Officer Dave Lewis took over in 2014 and they have been dormant since. “Tesco will be competing with Aldi and Lidl in what they do best,” Berenberg analyst Dusan Milosavljevic said by email.

  • Financial Times15 hours ago

    [$$] Tesco to launch new chain of discount stores

    Tesco is set to launch a new chain of discount stores as early as September across the UK, in its latest effort to take on cut-price rivals Aldi and Lidl who have transformed the expectations of price-conscious consumers. The UK’s biggest retailer has drawn up plans to open up to 30 stores in the autumn, planning to refit some existing stores to introduce the new format or reopen mothballed sites that Tesco still controls, according to a person with knowledge of the plans. The person said the new chain is expected to be called Jack’s — thought to be a reference to Tesco founder Jack Cohen — with a division of the company having recently attempted to register the name as a trademark.

  • Reuters18 hours ago

    PRESS DIGEST- British Business - July 23

    The following are the top stories on the business pages of British newspapers. Mike Manley, at present the boss of Jeep and hitherto little known outside of the automotive sector, has been appointed chief executive of Fiat Chrysler, after the abrupt retirement of Sergio Marchionne, the much-feted industry leader, owing to ill-health. The chief executive of Airbus has opened the door to a merger of the aerospace giant's jet fighter business with that of BAE Systems Plc to create a pan-European military aircraft company with the might to take on America.

  • Reuters7 days ago

    Britain announces 'short and sharper' code for companies

    Companies in Britain must strive to rein in excessive executive pay, pay more heed to staff and make boards more diverse under a new "short and sharper" corporate code, published on Monday. The Financial Reporting Council (FRC) has updated its non-binding 26-year old code of corporate standards for publicly listed companies, which must comply with it or explain in annual reports to shareholders if they do not. The new 15-page code, about half the length of the current version, comes as the watchdog, which oversees company governance standards and accountants, faces a review to see if it can uphold high corporate standards to maintain Britain's attractions as a place to invest after Brexit.

  • French anti-trust authority to probe supermarket purchasing alliances
    Reuters7 days ago

    French anti-trust authority to probe supermarket purchasing alliances

    France's antitrust authority said on Monday it will investigate the potential impact of several purchasing alliances recently sealed by French and European supermarket retailers. The probe on that last alliance was also widened to include the tie-up between Carrefour and Tesco (TSCO.L). The probes will assess "the competitive impact of these purchasing alliances on the markets concerned for suppliers and for consumers," the statement said.

  • RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News
    Reuters13 days ago

    RSA's Martin Scicluna lined up to chair Sainsbury's - Sky News

    Sainsbury's (SBRY.L), the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday. Scicluna already chairs insurance group RSA (RSA.L) and property company Great Portland Estates (GPOR.L). Sainsbury's, Britain's second biggest supermarket, announced a 7.3 billion pound deal to buy Walmart-owned (WMT.N) Asda in April, a tie-up which could put it ahead of market leader Tesco (TSCO.L) in grocery sales.

  • Reuters13 days ago

    M&S chairman tells investors there's no quick fix

    Shareholders in Marks & Spencer (MKS.L) should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday. Retail veteran Archie Norman joined M&S as chairman in September last year and two months later the company detailed its latest attempt at a turnaround after more than a decade of failed reinventions. The plan included a five-year programme of store closures and relocations to cut excess selling space in its clothing business, increased technology investment and moves to make a misfiring food business more competitive.

  • Tesco's Star Steps Away From the Limelight
    Bloomberg13 days ago

    Tesco's Star Steps Away From the Limelight

    Charles Wilson’s serious illness has constrained his ability to steer Tesco’s defense against muscular rivals.

  • Tesco UK boss Wilson steps back due to illness
    Reuters13 days ago

    Tesco UK boss Wilson steps back due to illness

    Tesco said its recently appointed UK and Ireland boss Charles Wilson would step down to a less onerous role after being diagnosed with throat cancer three months ago. Wilson, the former CEO of wholesaler Booker which was bought by Tesco in March, had been seen as a potential heir to Tesco Chief Executive Dave Lewis.

  • Reuters19 days ago

    Carrefour, Tesco deal to squeeze suppliers, big and small

    PARIS/LONDON (Reuters) - A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever, Nestle and Procter & Gamble, at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.

  • Carrefour, Tesco deal to squeeze suppliers, big and small
    Reuters20 days ago

    Carrefour, Tesco deal to squeeze suppliers, big and small

    PARIS/LONDON (Reuters) - A deal between Carrefour (CARR.PA) and Tesco (TSCO.L) to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever (ULVR.L), Nestle (NESN.S) and Procter & Gamble (PG.N), at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.

  • The Wall Street Journal21 days ago

    [$$] Grocery Giants Tesco, Carrefour Team Up Amid Amazon Threat

    Two of the world’s biggest grocery chains, Tesco PLC and Carrefour SA, have struck a deal to collaborate on how they buy from suppliers in an effort to cut prices amid mounting competition from Amazon.com Inc. and other rivals. Tesco, Britain’s largest grocery chain, and Carrefour, the French giant, said they would jointly source certain products to lower prices, raise quality and broaden their product offerings. The deal is the latest in a string of moves by traditional grocers the world over as they race to find new ways to compete with Amazon’s growing food ambitions and fast-changing shopper behavior.

  • European shares fall as trade worries and German politics bite
    Reuters21 days ago

    European shares fall as trade worries and German politics bite

    By Julien Ponthus LONDON (Reuters) - European shares fell on Monday as worries about U.S. trade policies and concerns about German Chancellor Angela Merkel's coalition government weighed on sentiment. ...

  • Reuters21 days ago

    Carrefour and Tesco up stakes with new purchasing alliance

    PARIS/LONDON (Reuters) - Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. With combined annual sales of $170 billion, the partnership is designed to secure a better deal from the likes of Nestle, Procter & Gamble, Unilever, Danone and others to help the French and British groups to compete hard on price. Such alliances are becoming increasingly common in Europe's retail sector as supermarkets battle to keep prices down to counter German-owned discount groups Aldi and Lidl and the looming shadow of U.S. internet giant Amazon.

  • Supermarket chains Tesco, Carrefour form strategic alliance
    Associated Press21 days ago

    Supermarket chains Tesco, Carrefour form strategic alliance

    LONDON (AP) — Tesco and Carrefour, two of Europe's biggest supermarket chains, are teaming up to wring better deals out of suppliers as traditional retailers battle increased competition from internet traders.

  • An Entente Cordiale Against the Wrath of Amazon
    Bloomberg21 days ago

    An Entente Cordiale Against the Wrath of Amazon

    Tesco Plc and Carrefour SA are joining forces in a grocery "entente cordiale" against price pressure from Amazon.com Inc. and domestic rivals. This is a sensible rather than a radical solution to their problems, and may only work to defend margins rather than boost them. The logic here is simple: Carrefour and Tesco are teaming up to get better terms from suppliers.

  • Reuters21 days ago

    Retailers Carrefour, Tesco join forces in strategic alliance

    French supermarket retailer Carrefour and British peer Tesco announced on Monday plans to form a global long-term purchasing alliance, as they seek to cut costs. The deal is the latest partnership within the European retail industry, which has seen U.S. internet giant Amazon make in-roads into the sector in recent months. The alliance will cover the strategic relations with global suppliers, the joint purchasing of own-brand products and goods not for re-sale, said Carrefour in a statement.

  • Britain's Tesco tests checkout-free shopping
    Reuters25 days ago

    Britain's Tesco tests checkout-free shopping

    Britain's biggest retailer Tesco (TSCO.L) is trialing a checkout-free method of payment for its convenience stores, allowing customers to scan products on their mobile devices and then walk out with them, it said on Thursday. The supermarket group is testing the smartphone app at the Tesco Express convenience store located in the campus of its headquarters at Welwyn Garden City, north of London.

  • Tesco tests checkout-free shopping
    Reuters25 days ago

    Tesco tests checkout-free shopping

    Britain's biggest retailer Tesco is trialing a checkout-free method of payment for its convenience stores, allowing customers to scan products on their mobile devices and then walk out with them, it said on Thursday. The supermarket group is testing the smartphone app at the Tesco Express convenience store located in the campus of its headquarters at Welwyn Garden City, north of London. "Using your mobile device you select some products, put them into your basket on your device and then just walk out of the store," Steven Blair, Tesco's convenience transformation director told reporters.

  • Bloomberg25 days ago

    Tesco Tests Out How Customers Can Pay for Shopping Without a Checkout

    Tesco Plc is testing checkout-free shopping technology in a bid to keep pace with Amazon.com Inc. The technology is being tested at a store at the company’s headquarters near London. “In our stores in central London, Manchester and Birmingham, lunchtime queues are a problem,” Tesco Chief Executive Officer Dave Lewis said at a presentation Thursday.