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United Kingdom

Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

239.40GBp
20 Apr 2018
Change (% chg)

-0.30 (-0.13%)
Prev Close
239.70
Open
241.00
Day's High
242.10
Day's Low
238.10
Volume
24,969,009
Avg. Vol
33,042,998
52-wk High
242.70
52-wk Low
165.35

Latest Key Developments (Source: Significant Developments)

Tesco Announces Tender Offer To Purchase Outstanding Notes
Thursday, 19 Apr 2018 

April 19 (Reuters) - Tesco PLC ::TENDER OFFER TO PURCHASE OUTSTANDING NOTES.TESCO PLC ANNOUNCES TENDER OFFERS FOR ITS £350 MILLION 5.50 PERCENT NOTES DUE 2019, £900 MILLION 6.125 PERCENT NOTES DUE 2022.TENDER OFFERS FOR £515MLN 5 PERCENT NOTES DUE 2023, £200 MILLION 6 PERCENT NOTES DUE 2029, £200 MILLION 5.50 PERCENT NOTES DUE 2033.TENDOR OFFER FOR £300 MILLION 4.875 PERCENT NOTES DUE 2042 AND £500 MILLION 5.20 PERCENT NOTES DUE 2057.  Full Article

Tesco CEO sees Booker deal boosting revenues by 2.5 bln stg
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Tesco PLC ::CEO SAYS SEES INCREMENTAL REVENUE GROWTH FROM BOOKER DEAL OF 2.5 BILLION STG IN MEDIUM TERM.  Full Article

Tesco Says To Simplify Operational Structures​
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Tesco Plc ::TESCO TO SIMPLIFY OPERATIONAL STRUCTURES​.‍CHANGES TO SIMPLIFY PERATIONAL STRUCTURES TO IMPROVE EFFICIENCY AND GIVE LINE MANAGERS CLEARER ACCOUNTABILITY FOR COLLEAGUE AND CUSTOMER EXPERIENCE​.‍ROLE OF PEOPLE MANAGER AND COMPLIANCE MANAGER WILL BE REMOVED FROM LARGE STORES AND FULFILMENT CENTRES IN UK​.‍CHANGES WILL AFFECT 1,700 COLLEAGUES WHO WILL BE SUPPORTED TO FIND ALTERNATIVE ROLES WITHIN BUSINESS WHEREVER POSSIBLE​.‍ROLE OF CUSTOMER EXPERIENCE MANAGER, PRESENT IN 226 STORES, WILL ALSO BE REMOVED, GIVING LINE MANAGERS MORE DIRECT ACCOUNTABILITY FOR CUSTOMER SERVICE​.‍AS A RESULT OF CHANGES, 900 NEW ROLES WITH BROADER REMITS WILL BE CREATED​.‍NEW COLLEAGUE ADMINISTRATION ROLE WILL ALSO BE CREATED TO SUPPORT MANAGEMENT TEAMS IN EACH LARGE STORE AND FULFILMENT CENTRE​.  Full Article

Tesco CEO says outperformed in food, was happy with pricing, offer
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Tesco ::CEO SAYS SIGNS INFLATION IS ABATING A LITTLE.CEO SAYS REALLY CONFIDENT WITH OUTLOOK.CEO SAYS "FINEST" RANGE DEMAND WAS PARTICULARLY STRONG.CEO SAYS HOME COMPUTING, VISION AND ENTERTAINMENT CATEGORIES WERE WEAK OVER CHRISTMAS.CEO SAYS HE WAS "REALLY HAPPY" WITH PRICING POSITION OF TESCO OVER CHRISTMAS.CEO SAYS OUTPERFORMED IN BOTH VOLUME AND VALUE IN FOOD IN FOUR WEEKS BEFORE CHRISTMAS.CEO SAYS PROMOTIONAL ACTIVITY IN 19-WEEK PERIOD WAS LOWER THAN A YEAR AGO.CEO SAYS 'HAPPY WITH TOY PERFORMANCE', BUT WAS NOT REMARKABLY POSITIVE OR NEGATIVE.  Full Article

Tesco announces ‍indicative result of tender offer​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - TESCO PLC ::‍INDICATIVE RESULT OF TENDER OFFER​.‍ANNOUNCES INDICATIVE RESULTS OF ITS TENDER OFFER FOR ITS EUR 1,250,000,000 1.375 PERCENT NOTES DUE 2019 AND GUARANTEED BY TESCO PLC​.  Full Article

UK's ‍CMA to look at Vision Express' undertakings offer in detail​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - UK's Competition and Market's Authority::UK'S ‍CMA - TO LOOK AT VISION EXPRESS' UNDERTAKINGS OFFER IN DETAIL​.UK'S ‍CMA - REASONABLE GROUNDS FOR BELIEVING UNDERTAKINGS OFFERED BY VISION EXPRESS, OR MODIFIED VERSION, MIGHT BE ACCEPTED BY CMA.  Full Article

Tesco turnaround "firmly on track" - CEO
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Tesco :CEO says turnaround "is firmly on track".CEO says inflation in business "running at about 1 percent below peers".CEO says return of dividend a "significant milestone in recovery of business".CEO says does not expect inflationary situation in H2 to change from H1.CEO says "comfortable" with analysts' consensus profit forecasts for 2017-18 of about 1.5 billion stg.CEO "remains confident" Booker <<>> transaction "completely on track".CEO says "was shocked as anybody" by recent Two Sisters chicken food safety issue, says immediately investigated.Shares up 1.8 percent after 27 percent rise in H1 profit, return of dividend.  Full Article

Capita says selected by Tesco mobile for 140 mln stg partnership
Tuesday, 28 Jun 2016 

Capita Plc : Selected by Tesco mobile to form partnership . Deal is worth approximately 140 mln stg for an initial five year term and is due to commence on Aug. 1 2016 . Capita has secured major new and extended contracts worth over 800 mln stg in first six months of 2016 . Following due consultation, approximately 550 permanent employees will transfer to Capita under TUPE regulations .Further 240 temporary staff will continue to work on Tesco mobile account under Capita's management.  Full Article

Tesco comfortable with analysts' 2016-17 profit consensus
Thursday, 23 Jun 2016 

Tesco : CEO says retail market "likely to remain challenging and uncertain" . CEO says no plans for further asset sales . CFO says comfortable with analysts' current 2016-17 profit consensus of 1.175 billion stg Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Tesco to offload Turkey and Giraffe chains - Sky News
Tuesday, 7 Jun 2016 

: Tesco to offload Turkey and Giraffe chains - Sky News .Tesco is likely to announce the sale of its Kipa chain in Turkey and Giraffe restaurants in the UK on Wednesday - Sky News.  Full Article

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P&G, Nestle, Unilever forgo price increases to move product

ZURICH/LONDON/CHICAGO Quarterly sales growth at Nestle , Procter & Gamble and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment. | Video