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United Kingdom

Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

239.30GBp
9:24am BST
Change (% chg)

-1.10 (-0.46%)
Prev Close
240.40
Open
238.70
Day's High
240.80
Day's Low
236.80
Volume
1,221,658
Avg. Vol
21,025,108
52-wk High
254.10
52-wk Low
187.05

Latest Key Developments (Source: Significant Developments)

Tesco Bank sells mortgage portfolio to Lloyds Banking for 3.8 bln stg
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - Tesco ::TESCO BANK - SALE OF MORTGAGE PORTFOLIO TO LLOYDS BANKING GROUP.PROPOSED DEAL FOR CASH CONSIDERATION OF C. £3.8BN..MORTGAGE PORTFOLIO HAS A LENDING BALANCE OF C.£3.7BN.SALE PROCEEDS WILL BE USED FOR RE-INVESTMENT INTO OUR CUSTOMER OFFER, ONGOING TRANSFORMATION OF BUSINESS AND OTHERS.HAS AGREED SALE OF MORTGAGE BOOK TO LLOYDS BANKING GROUP, OPERATING UNDER HALIFAX BRAND.SALE IS IN LINE WITH TESCO BANK'S STRATEGY OF FOCUSING ON A REDUCED NUMBER OF PRODUCTS AND SERVICES.  Full Article

Royal Bank Of Scotland Pursuing A Bid For Tesco Bank's 3.7 Billion Stg Book Of Mortgages - Sky News
Friday, 21 Jun 2019 

June 21 (Reuters) - :ROYAL BANK OF SCOTLAND PURSUING A BID FOR TESCO BANK'S 3.7 BILLION STG BOOK OF MORTGAGES - SKY NEWS.  Full Article

Tesco's Lewis says customers not changing shopping habits for Brexit
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Tesco PLC ::CEO DAVE LEWIS ASKED ABOUT SHARE BUYBACKS, SAYS FOCUSED ON RECOVERY OF THE DIVIDEND BUT OTHER OPPORTUNITIES WILL PRESENT THEMSELVES IN FUTURE.CEO DAVE LEWIS SAYS HAS NOT SEEN ANY SOFTENING IN UK CONSUMER SENTIMENT.CEO DAVE LEWIS HAVEN'T SEEN ANY CUSTOMER BEHAVIOUR THAT IMPLIES ANY SIGNIFICANT STOCKPILING.CEO DAVE LEWIS SAYS THERE'S STILL A LOT OF UNTAPPED OPPORTUNITIES, WILL GIVE DETAILS IN JUNE.CEO DAVE LEWIS SAYS ALL PART OF INTERNATIONAL BUSINESS NOW PROFITABLE, 'VERY HAPPY WITH HOW PORTFOLIO SITS AT THE MOMENT'.CEO DAVE LEWIS SAYS LOT OF CUSTOMER FATIGUE ABOUT BREXIT BUT NO CHANGES IN BUYING BEHAVIOUR.CEO DAVE LEWIS SAYS CLUBCARD IS A 'UNIQUE DIFFERENTIATOR', CONTINUING TO LOOK FOR WAYS TO ENHANCE OFFER.  Full Article

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

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Aldi UK to plough on with investment plan as pays price for expansion

LONDON Aldi reaffirmed its commitment to investing in Britain on Monday, despite a 26% fall in 2018 profit at the German discount supermarket group's UK business as it paid the price of expansion.