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United Kingdom

Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

229.80GBp
4:35pm BST
Change (% chg)

-2.90 (-1.25%)
Prev Close
232.70
Open
232.30
Day's High
232.30
Day's Low
228.20
Volume
21,064,876
Avg. Vol
19,656,506
52-wk High
266.80
52-wk Low
187.05

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Tue, May 21 2019

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UK's Tesco to sell $4.7 billion mortgage book as competition bites

LONDON Britain's biggest retailer Tesco will stop mortgage lending at its banking business because of tough market conditions, it said on Tuesday, as rival lender Nationwide Building Society reported a drop in profit margins.

UPDATE 3-UK's Tesco to sell $4.7 bln mortgage book as competition bites

* More lenders could quit mortage market -Fitch (Adds Fitch comment)

Britain's Tesco to stop mortgage lending at bank unit

LONDON, May 21 Britain's biggest supermarket chain Tesco plc said its banking unit will stop mortgage lending, amid cut-throat competition and tough market conditions that have pressured profits for lenders across the sector.

Tesco says new accounting standard would have increased 2018-19 operating profit

LONDON Tesco, Britain's biggest retailer, said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.

Tesco says new accounting standard would have increased 2018-19 operating profit

LONDON, April 29 Tesco, Britain's biggest retailer, said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.

Tesco profits jump as Britons keep spending despite 'Brexit fatigue'

LONDON Britons have carried on spending despite their "Brexit fatigue," Tesco said on Wednesday, as a forecast-beating rise in profits confirmed a turnaround at Britain's biggest retailer. | Video

Tesco profits jump as Britons keep spending despite 'Brexit fatigue'

LONDON Britons have carried on spending despite their "Brexit fatigue," Tesco said on Wednesday, as a forecast-beating rise in profits confirmed a turnaround at Britain's biggest retailer. | Video

UPDATE 3-Tesco profits jump as Britons keep spending despite 'Brexit fatigue'

* Shares rise 0.8 pct (Adds further CEO comments, analyst reaction, shares)

FTSE 100 little changed ahead of Brexit summit, Indivior tanks

* Indivior tanks after U.S. DoJ indictment, Reckitt also falls

Tesco to report jump in profit as key targets loom

LONDON Tesco, Britain's biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit.

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