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United Kingdom

Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

232.80GBp
25 Mar 2019
Change (% chg)

-0.40 (-0.17%)
Prev Close
233.20
Open
232.00
Day's High
233.10
Day's Low
230.10
Volume
9,978,504
Avg. Vol
22,016,920
52-wk High
266.80
52-wk Low
187.05

Latest Key Developments (Source: Significant Developments)

Britain's CMA Extends Reference Period for Sainsbury's-Asda deal
Monday, 11 Feb 2019 

Feb 11 (Reuters) - J Sainsbury PLC ::BRITAIN'S CMA SAYS HAS EXTENDED REFERENCE PERIOD FOR SAINSBURY'S - ASDA DEAL TO APRIL 30.BRITAIN'S CMA SAYS NEEDS TO CONSIDER ISSUES RAISED BY THE MAIN PARTIES’ AND THIRD PARTIES’ SUBMISSIONS OVER THE DEAL.  Full Article

Tesco Appoints Christine Heffernan Group Comms Director
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Tesco PLC ::TESCO PLC - TESCO APPOINTS GROUP COMMS DIRECTOR.TESCO PLC - CHRISTINE HEFFERNAN WILL JOIN EXECUTIVE COMMITTEE AS GROUP COMMUNICATIONS DIRECTOR FROM 1 MARCH 2019. CHRISTINE WILL REPLACE JANE LAWRIE.  Full Article

Tesco Estimates 9,000 Roles Could Be Impacted By Turnaround
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Tesco PLC ::TESCO PLC - BRIEFED COLLEAGUES ON SOME CHANGES CO MAKING TO STORES AND OFFICES TO FURTHER SIMPLIFY BUSINESS.TESCO PLC - ESTIMATE THAT UP TO 9,000 TESCO COLLEAGUE ROLES COULD BE IMPACTED FROM RESTRUCTURING.TESCO PLC - MAKING CHANGES TO UK STORES AND HEAD OFFICE TO SIMPLIFY BUSINESS, WILL IMPACT SOME COLLEAGUES.TESCO PLC - EXPECT THAT AROUND 90 STORES WILL CLOSE THEIR COUNTERS, WITH THE REMAINING 700 TRADING WITH EITHER FULL OR FLEXIBLE COUNTER OFFER.TESCO PLC - CHANGING THE WAY WE MANAGE OUR STOCK.TESCO PLC - AFTER A NUMBER OF TRIALS, WE HAVE FOUND A SIMPLER WAY TO CONDUCT OUR STORE ROUTINES AND WILL BE ROLLING THIS OUT TO ALL OF OUR STORES.TESCO PLC SAYS "CONTRARY TO MEDIA REPORTS OVER THE WEEKEND, WE DO NOT PLAN TO MAKE ANY SIGNIFICANT CHANGES TO BAKERIES THIS YEAR".TESCO PLC - OFFERING REDEPLOYMENT OPPORTUNITIES WHEREVER POSSIBLE TO AFFECTED COLLEAGUES.TESCO PLC - WORKING WITH THIRD PARTY PROVIDERS TO UNDERSTAND THE IMPACT ON THEIR STAFF IN CO'S COLLEAGUE HOT FOOD SERVICE.  Full Article

Tesco Says Notes Court Ruling To Publish Deferred Prosecution Agreement Between Unit, UK SFO
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Tesco PLC ::NOTES COURT'S DECISION TO PUBLISH LATER ON WEDNESDAY DEFERRED PROSECUTION AGREEMENT BETWEEN UNIT, TESCO STORES LTD, AND UK SFO.  Full Article

Tesco Says Total Purchase Price Of $325 Mln To Be Paid Related To Cash Tender Offer
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Tesco PLC ::TOTAL PURCHASE PRICE TO BE PAID RELATED TO CASH TENDER OFFER COMMENCED OCT 15 FOR UP TO $325 MILLION 6.15 PCT SENIOR SECURITIES DUE 2037.MAXIMUM TENDER AMOUNT OF $325 MILLION AGGREGATE PRINCIPAL AMOUNT OF SECURITIES HAS BEEN REACHED.OFFER IS SCHEDULED TO EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 9, 2018.BECAUSE MAXIMUM TENDER AMOUNT REACHED, DO NOT EXPECT TO ACCEPT FOR PURCHASE ANY SECURITIES TENDERED AFTER EARLY TENDER TIME.  Full Article

Tesco Says New Financing Condition Satisfied For 750 Mln Euros Notes
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Tesco PLC ::TESCO- FOLLOWING SUCCESSFUL COMPLETION OF ISSUE BY TCTS OF ITS EUR 750,000,000 1.375 PERCENT NOTES DUE 2023, NEW FINANCING CONDITION HAS BEEN SATISFIED.  Full Article

Tesco says challenges in Poland, Thailand don't imperil group margin targets
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Tesco PLC ::CEO SAYS "AS A GROUP WE'RE BANG ON TRACK WITH OUR PLANS".CFO SAYS H1 OPERATING PROFIT FIGURE OF 933 MILLION STG IS UNDERSHOOT ON ANALYSTS' CONSENSUS OF 978 MILLION STG, DUE TO EUROPE/ASIA.CEO SAYS FIRST 2 JACK'S STORES "TRADING REALLY WELL".CEO SAYS CHALLENGES IN POLAND, THAILAND DON'T IMPERIL MEDIUM TERM GROUP MARGIN TARGETS.CEO SAYS POSSIBILITY OF STOCKPILING FRESH FOOD IN NO DEAL BREXIT SCENARIO WOULD BE "VERY LIMITED".  Full Article

Tesco Bank Agrees To 16.4 Mln Stg Settlement With UK's FCA
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Tesco Personal Finance Plc::SETTLEMENT WITH FINANCIAL CONDUCT AUTHORITY.TESCO BANK ACCEPTS FCA'S NOTICE AND AGREES TO SETTLEMENT OF £16.4 MLN.  Full Article

UK FCA Proposes Fining Tesco Bank More Than 30 Mln Stg Over A 2016 Cyberattack- Sky News
Monday, 24 Sep 2018 

Sept 24 (Reuters) - :THE FINANCIAL CONDUCT AUTHORITY HAS PROPOSED FINING TESCO BANK MORE THAN £30M OVER A CYBERATTACK THAT TOOK PLACE IN 2016- SKY NEWS, CITING SOURCES.  Full Article

Carmarthenshire Dairy Products Recalls Boksburg Blue Cheese Sold Through Some Tesco Stores
Friday, 31 Aug 2018 

Aug 31 (Reuters) - UK's Food Standards Agency::SAYS CARMARTHENSHIRE DAIRY PRODUCTS RECALLS BOKSBURG BLUE CHEESE DUE TO IT BEING PRODUCED WITHOUT APPROVAL.CARMARTHENSHIRE DAIRY PRODUCTS RECALLED BOKSBURG BLUE CHEESE SOLD THROUGH LIMITED TESCO STORES IN ENGLAND, WALES.  Full Article

CORRECTED-UPDATE 1-Sainsbury's-Asda store disposal plan falls short of watchdog's demands

LONDON, March 22 British supermarkets Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator - a number well short of what the Competition and Markets Authority (CMA) has said it is looking for.