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LON100:TSCO, Jun 25, 06:37 UTC

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Saturday, June 22


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The Tesco share price: is it the biggest investment trap on the FTSE 100?

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Fool.co.uk22 June 2019, 09:15 UTC. As someone who has covered Tesco (LSE: TSCO) for many a year now, I’m afraid its appeal with share investor remains something which escapes me. Not only is Britain’s biggest supermarket predicted to record double-digit earnings increases through the next fiscal years, but at current prices it can also be considered quite a bargain in respect of its anticipated growth trajectory, as illustrated by a forward P/E ratio of 13.8 times. I don’t think I’m that hard to please but, while the rest of the market has been piling into Tesco since the start of 2019 (its share price is up around 25% year to date as a result), I remain concerned by its lack of serious sales growth. Well critics of British American Tobacco, for instance, may suggest not, given the massive decline in global cigarette demand, while Lloyds or RBS might be hugely disliked because of the murky outlook for the British economy. What I would say, though, is those huge share price gains at Tesco in 2019 leave it in danger of a sharp correction should — as I expect — sales growth remains under pressure. For this reason, I’m avoiding it at all costs.

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Friday, June 21


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Every little helps as RBS goes shopping for Tesco mortgages

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(c) Sky News 2019: <a href="http://news.sky.com/story/every-little-helps-as-rbs-goes-shopping-for-tesco-mortgages-11746329">Every little helps as RBS goes shopping for Tesco mortgages</a>Sky News21 June 2019, 13:36 UTC. Sky News has learnt that RBS‎ is among the initial bidders for the supermarket giant's home-loan portfolio, which it said last month that it would sell as part of an exit from Britain's mortgage market. If RBS succeeded in buying the assets, it would mark RBS's largest acquisition since its £45.5bn taxpayer bailout in 2008 led to it becoming one of the world's biggest beneficiaries of government support during the financial crisis. It has been a prolific seller of assets, with dozens of disposals ranging from loan portfolios to a stake in Worldpay, the payments processor, its US bank Citizens and Direct Line Group, the insurer which is now a FTSE-100 company. Ironically, the advent of ring-fencing for the UK's biggest lenders, a key structural reform designed to make banks safer, is among the factors that have prompted banks' mortgage pricing to become more competitive, making it harder for challenger banks to make inroads into the market.

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I think the Tesco share price could be back to 300p within a year

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Tesco (LSE: TSCO) has come a long way since the company first uncovered accounting irregularities back in 2014. Over the past five years, the company has completely remodelled its business, selling off non-core operations around the world and acquiring wholesaler Booker to boost its presence here in the UK. And even though profits have recovered substantially from the low in 2015 when the company reported a massive loss of just over £5.7bn, the City reckons Tesco’s earnings will continue to rise steadily over the next few years. Ever since Lewis set out these targets, the City has expressed scepticism that the company will be able to achieve them. However, so far, Tesco has made substantial progress. Specifically, analysts reckon the company could pay out as much as 8.2p per share for its 2019-20 financial year, giving a dividend yield of 3.5% at the current share price, although I wouldn’t rule out a higher distribution if profits surpass management’s expectations.

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Wednesday, June 19


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Tesco admits hundreds of ex-staff hit by redundancy payment errors

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Tesco admits hundreds of ex-staff hit by redundancy payment errors. Tesco has overpaid and underpaid hundreds of staff who were recently let go in the latest round of redundancies at the supermarket. Anyone who was overpaid by more than £500 will be able to keep £100. But anyone overpaid by less than £500 will be allowed to keep the full amount. A Tesco spokesman said: “A small number of colleagues were impacted by an administrative error which resulted in an incorrect redundancy payment being made to them.

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Tesco says no timetable for 'finest' store launch

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LONDON (Reuters) - Tesco, Britain's biggest retailer, said it is considering trialing an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when a pilot would start. On Tuesday Tesco hosted a Capital Markets Day (CMD) for analysts and investors at which it presented a slide flagging an opportunity for a 'Tesco finest' store concept with a 7% operating margin - significantly ahead of the group wide target of 3.5% to 4%. "'Tesco finest' as a brand is one of the largest food brands in the country. We have a very high percentage of more upmarket customers," Chief Executive Dave Lewis told reporters on Wednesday. "The opportunity to curate that range and bring new things in a more convenient outlet is something that we have tested, is something we're interested in." But Lewis said Tesco is: "Not at a place where we are saying we're going to open this shop or this many shops."

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Tuesday, June 18


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Tesco trialling delivery robot in technology push

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Tesco has revealed that it is testing a delivery robot, as it detailed a raft of new ideas for the supermarket’s future development. In a Capital Markets Day for analysts, the supermarket said it was looking to save costs and serve customers better by working with technology companies on the shopping experience. Tesco is testing the use of the devices at its Milton Keynes stores which allow local customers to place an order via an app. It comes as food retailers increasingly turn to local solutions to provide fast delivery for customers, with Ocado trialling its one-hour Zoom service this year while Amazon and Morrisons extended their same-day deliveries to more UK cities this month.

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UPDATE 1-Britain's Tesco targets further margin improvements

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LONDON, June 18 (Reuters) - Tesco, Britain's biggest retailer, is targeting further margin improvements beyond the end of its current recovery plan, it said on Tuesday. The group said in April it had met or would soon meet most of its turnaround goals, including a key margin target of earning 3.5-4 pence of operating profit for every pound customers spend by the end of its 2019-20 financial year. "We have the further cost reduction and mix opportunities that allow us to offset inflation, improve our customer offer and/or increase margin," it said in a slide published on its website. Celebrating its 100th anniversary, the group is deep into a recovery plan under Chief Executive Dave Lewis after a 2014 accounting scandal capped a dramatic downturn in its fortunes.

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Monday, June 17


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Tesco share price: 4 things we learnt from its Q1 results

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Tesco share price: 4 things we learnt from its Q1 results. Tesco kicked started the new financial year in strong form, with supermarket chain growing its share of the UK market both in terms of volumes and value. However, its growth internationally has been a mixed bag, with declining sales in Central Europe, while in Asia the supermarket its revenues continue to increase. ‘Our customer offer is more competitive than ever, with a wider choice of our 'Exclusively at Tesco' products now available in more stores, helping to drive more than 10% sales growth across the range.’. Booker’s customers are responding positively to the benefits of ‘joining forces’ including our improved offer in fresh food and the launch of over 100 new and exclusive fresh-cut flowers and drinks products, helping to drive total sales growth (on a comparable days basis) of 4.2% excluding tobacco, Tesco said.

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Sunday, June 16


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Tesco, Asda and Argos are recalling these products - Hull Live

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Community updates, Crime Statistics, Local News & Events and much more... Retail giants including Tesco, Asda and Argos have announced they are recalling a string of items over safety fears. Customers are being warned about the items - so it’s important to check whether you have bought these products. Wales Live reported one product has small bits of plastic in it, while another has the wrong use by date and one may cause injury from overheating batteries. Product details:-Dunelm Egyptian cotton towels - towels affected all have batch numbers and the ones that are affected are:. If you have bought any of the towels affected you can return them to your nearest Dunelm store for a full refund or for more information email dunelmdirect@dunelm.com or call 0345 165 6565.

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Asda, Morrisons and Tesco are urgently recalling these products - Wales Online

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Customers are being warned about the items - so it’s important to check whether you have bought them. One product has small bits pf plastic in it while another has the wrong use by date and one may cause injury from overheating batteries.. Asda’s - Liver and Bacon with Mash Meal. Asda is recalling Liver and Bacon with Mash Meal because it contains wheat (gluten) and rye (gluten), which are not mentioned on the label. The products are only sold in some selected Aldi stores. Product details:-Dunelm Egyptain cotton towels - towels affected all have batch numbers and the ones that are affected are:. If you have bought any of the towels affected you can return them to your nearest Dunelm store for a full refund or for more information email dunelmdirect@dunelm.com or call 0345 165 6565.

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