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LON100:TSCO, Jan 20, 09:18 UTC

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Saturday, January 18


News

Sainsbury's cheaper than Tesco, Asda, Morrisons and Waitrose

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The consumer group has crowned the food store after tracking thousands of branded grocery prices across six major supermarkets throughout the year. And, according to their research, the top store is Sainsbury's. experts compiled a list of 53 common grocery items from Andrex toilet tissue to Weetabix breakfast cereal, and found that the goods cost just £107.01 a month at Sainsbury’s on average across the year. In stark contrast, the exact same items would have set you back £117.81 a month at Waitrose - 10 per cent more and potentially costing shoppers an annual total of £129.60 more than if they had done the equivalent shopping at Sainsbury’s. Asda came in as the second cheapest supermarket, with an average monthly cost of £107.65 for the items on Which?’s shopping list. Head of Home Products and Services, said: “Your weekly supermarket shop can have a significant impact on your wallet, and the start of a new year is a good time to look at your household spending to see if there are areas where you can save money.

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Friday, January 17


News

Why I’d prefer the Tesco share price over Marks & Spencer in 2020

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It has seen a sharp fall over the past year, a continuation of a five-year-long history of falling share price. In fact, so dramatic is this story, that my colleague, Paul Summers, wrote about how much worse off investors would be if they had invested in the stock five years ago. Yet, M&S has a high price-to-earnings (P/E) ratio of 36.8 times, higher than the 15.2 times for Next, which is a much better performer. A case in point is the FTSE 100 pharmaceuticals giant AstraZeneca, whose share price has been defying gravity despite a P/E of 48 times. But I am at a loss to find a similar justification for M&S’s high P/E. The post Why I’d prefer the Tesco share price over Marks & Spencer in 2020 appeared first on The Motley Fool UK.

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Wednesday, January 15


News

Thai Tycoons May Find Tesco Is Closed

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(Bloomberg Opinion) -- Bangkok’s billionaires don’t usually have to contend with much resistance as they expand. The $32 billion British retailer said in December it was considering selling the group’s stores in Thailand and Malaysia, becoming the latest international grocery giant to bow out of Asia. Suitors are likely to be drawn from local conglomerates, among them: Dhanin Chearavanont’s CP Group; Central Group, controlled by the Chirathivat family; and beer-and-spirits magnate Charoen Sirivadhanabhakdi's TCC Group. So far, so normal for tycoon-heavy Thailand. Tesco, under the Tesco Lotus brand, is already Thailand’s biggest supermarket chain with almost 2,000 stores, plus 74 in Malaysia. So, do convenience stores, like CP’s 7-Eleven outlets, count as part of the same market?

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Thursday, January 09


News

M&S, Tesco Join Other U.K. Retailers in Christmas Doldrums

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Three of the biggest retailers in the U.K. struggled with brutal price pressure and the shift to e-commerce over Christmas. Marks and Spencer Group Plc (LON:MKS) said it expects gross margins around the lower end of its guidance for the year after holiday sales at its long-struggling clothing and home unit were weaker than the consensus. Tesco Plc's (LON:TSCO) revenue dropped on a comparable basis as a weaker performance in central Europe masked growth in the U.K. that came ahead of expectations. The reports confirm fears that U.K. retailers would suffer over Christmas in an increasingly tough U.K. retail environment, marked by intense promotional pressure and weighed down by political turmoil.

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News

Tesco beats rivals with 0.1% Christmas sales rise

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(Reuters) - Tesco, Britain's biggest retailer, ground out a 0.1% rise in underlying sales in its home market during what it said was a "subdued" Christmas for consumer spending. Showing how hard supermarkets had to work over the festive period, Tesco said it had cut prices, delivered the best operational performance in six years and seen the biggest ever day of UK food sales in its history, just to secure a small rise in organic growth. Industry data showed supermarkets, which also includes Sainsbury's, Walmart owned Asda and Morrisons, recorded the lowest sales growth over the Christmas trading period for five years. Tesco, which has a 27.4% share of Britain's grocery market, also updated on trading in the third quarter period before Christmas, when life-for-like sales fell by 0.4%.

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Wednesday, January 08


News

PTT retail unit set to join Thai corporate giants vying for Tesco's Asia business - sources

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HONG KONG/SINGAPORE (Reuters) - The retail unit of Thailand's biggest energy company PTT plans to bid for Tesco Plc's Asia businesses, competing with other Thai corporate heavyweights for the operations worth up to $9 billion, people familiar with the situation said. PTTOR, the unit which runs PTT's gas stations and related retail business, is set to join domestic retailer Central Group and conglomerate Charoen Pokphand (CP) Group in first-round bids due by Jan. 15, they said. PTT retail unit's interest comes amid a rare warning from Thailand's Office of Trade Competition Commission that businesses wishing to bid for the Thai operations should not violate anti-monopoly laws and that the commission is monitoring the deal closely. A $9 billion price tag would rank the deal as the second-largest acquisition ever by a Thai group, just behind CP Group's $9.4 billion purchase of a minority stake in China's Ping An Insurance, according to Refinitiv data.

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Friday, January 03


News

Shoppers furious as Tesco set to change 'scan as you shop' service - Bristol Live

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Shoppers have expressed their fury over Tesco's plans to no longer accept cash payments on its 'scan as you shop' system. The system is exclusively for Clubcard members and allows people to pack as they go, straight from the shelves to their bag and is designed to make the shopping experience easier. But, Manchester Evening News reports some shoppers have threatened to boycott the supermarket giant because they claim by going cashless the 'scan as you shop' system will make things more difficult. A picture of one receipt was posted by a Tesco shopper on the Facebook group Reduce Your Supermarket Spend and they wrote: "In case anyone doesn't know but they're stopping taking cash at scan as you shop at Tesco, know Asda already do this anyway."

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Thursday, January 02


News

Shoppers threaten to boycott Tesco after big change to its ‘scan as you shop’ service - Kent Live

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Many have praised the feature and say it makes the whole shopping experience a lot easier.Aldi wants to open in these 17 Kent towns as part of huge expansion surge. However, some shoppers now claim that by going cashless the scan as you shop system will make things more difficult, the MEN reports. Some have even threatened to boycott the supermarket as a result. A picture of one of the receipts was posted on Facebook group Reduce Your Supermarket Spend by one shopper, who wrote: "In case anyone doesn't know but they're stopping taking cash at scan as you shop at Tesco, know Asda already do this anyway." You are directed to scan it onto any till or a self scan till where you can pay cash." A Tesco spokesperson said: "90% of our Scan As You Shop customers check-out using card payment, so to make it easier and faster for customers, the Scan As You Shop tills at most of our larger stores will take card payments only, from the 13th January.

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Friday, December 27


News

Thai Tycoons Vie for Tesco’s $7 Billion Asia Business

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Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by Chirathivat family, are among companies that are weighing bids for the Southeast Asian business that could fetch more than $7 billion, according to people with knowledge of the matter. Tesco said in December that it is carrying out a strategic review of its Thai and Malaysian businesses after receiving interest. A sale of the Asian operations would allow the supermarket chain to get an infusion of cash to continue a restructuring of its core U.K. business that has cut thousands of jobs. Berli Jucker Pcl, controlled by TCC, bought a controlling stake in Casino Guichard-Perrachon SA’s Thailand supermarket chain Big C Supercenter Pcl for 3.1 billion euros ($3.45 billion) in 2016.

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Monday, December 23


News

The UK stocks that defined 2019: Lloyds, BT, Tesco, and more

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Collapsing airlines, an exodus of FTSE 100 CEOs, and plenty of geopolitical uncertainty — 2019 has been another busy year for UK PLC. The companies investors have been searching for tell a story about what this year has been like, both for firms and their stock market backers. The bank is the largest UK retail lender and gets 100% of its revenues from Britain, unlike other FTSE 100 bankings stocks Barclays or HSBC. As a result, it is often seen as a proxy for investor interest in the UK and it’s unsurprising investors were glued to the chart this year given the twists and turns of Brexit. Premier Oil (PMO.L): Premier Oil is a closely watched stock in the FTSE 250 and its share price has performed strongly this year, gaining almost a third in 2019.

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