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United Kingdom

Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

234.70GBp
20 May 2019
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234.70
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20,106,769
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Britain's Tesco to stop mortgage lending due to tough competition

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

UPDATE 1-Britain's Tesco to stop mortgage lending due to tough competition

* Tesco Bank to sell entire mortgage portfolio (Adds CEO quote, context)

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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