Company
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
1036 stories · page 6 of 11
Vegan sausage rolls have proved a boon to established food chains like Greggs, while investors are starting to pour money into the next generation of meat-free products
Like-for-like sales growth of just 0.2% in its stores was below the 0.5% analysts had expected, but Morrisons’ boss was relatively pleased with the “robust” performance given the drop-off in consumer confidence
Overseas markets, particularly the US, have proved tough for UK companies to crack, just ask Tesco, Next, Sainsbury’s and many others…
Latest supermarket sector figures showed growth for all big names except Sainsbury's
The new IFRS 16 accounting standard will be fully introduced in 2019
Sometimes businesses lack the self-awareness to diagnose their own problems, so they have to bring in a company doctor to do it for them
Deutsche Bank said it sees more upside to Tesco’s shares as “momentum should remain strong, with a better sales dynamic than the other Big 4 in the UK” and further margin improvement
Tesco’s dividend hike offset what looked like a difficult end to the year for the supermarket giant, but there was no such hiding for rivals Sainsbury’s and Morrisons
Tesco has worked hard to slash costs which helped to boost profits last year, while the bottom-line also got a healthy kick from Booker
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The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
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With the latest data showing the supermarket losing market share to discounters, investors will be hoping for news on how the group plans to maintain its position at the top
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Brent crude hit a five-month high, led by OPEC's supply cut and geopolitical tensions
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Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Sainsbury’s, which is in the process of trying to merge with Asda, lost market share as sales declined over the period
Most safe harbour stocks have been confined to a select group of market sectors that include tobacco and food retailers, although enthusiasm seems to be waning for these once dependable stocks
Frontier, which holds a 27.5% stake in Fieldwork, said the funding would put towards a project to create a multi-armed robot prototype
In a note to clients, Bernstein’s analysts pointed out that although it believes Morrison’s is "a great income stock", they see a fairer balance between risks and opportunities
Barclays said it is concerned about the “increasingly competitive” UK ready-meals market, in a note on the European food ingredients sector
The FTSE 250-listed group said Joanne Wilson is currently chief financial officer at customer data science company, dunnhumby, which is owned by Tesco PLC
Greggs shares have almost doubled since last summer, driven by a strong guidance upgrades, but that rapid rise has left it looking a little expensive to some City analysts
Sainsbury's was the only big four supermarkets to post a sales decline
Analysts at Peel Hunt repeated a ‘buy’ rating on the stock but cut its target price to 190p from 200p
“The CMA's current view is that it is likely to be difficult for the companies to address the concerns it has identified”
BIg banking group Lloyds was among the top gainers on Footsie
IFRS16 boosts operating profit but also leads to a higher interest cost to the bottom line
The German bank's analysts argued that the £7.3bn merger deal, announced last April, would materially improve the investment case the most for Morrisons
Sainsbury's was the worst performer out of the UK's so-called big four supermarkets
Tesco is understood to have told staff in a memo that it was finalising plans to "refresh and simplify the way we serve customers"
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
The price increases of Cadbury's frog-shaped chocolate have caused outrage over the years, with some using it as an informal reflection of the rising cost of living
In a full year trading update, the group said like-for-like revenues had risen 3.2% compared to 2017
The group reported on Friday that in the six weeks to 30 December, UK sales rose 8% year-on-year
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
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The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
Analysts had said that Tesco would be the best of its peers, and its cheaper own brands and price promotions helped to attract increasingly value savvy shoppers
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The Footsie has been dipping below and above the 6,800 mark throughout the day
Admittedly, the bar hasn't been set too high but the consensus among City number crunchers is that Tesco should have performed better than its rivals over Christmas
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“Debenhams hasn’t updated on trading since 25 October and we know from many of its competitors that November was a terrible month for retailers and December is also likely to have been a struggle”
“The big question now is what will happen to Sainsbury’s if it doesn’t merge with Asda,” said Russ Mould, investment director at AJ Bell
Sales at Sainsbury’s, which has agreed to buy Asda, fell 0.4% in the 12 weeks to December 30, Kantar Woldpanel said
Like-for-like sales narrowly beat analyst forecasts, but confirmation that Aldi and Lidl are continuing to win over shoppers is likely to make investors a little bit nervous
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Trade talks between China and the US are said to be going very well, which has lit a fire under US equities
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The update comes after Bradford-based Morrisons on Monday said it would cut an average of 20% from the prices of 900 products, including “store cupboard favourites”
Aldi sold almost £1bn worth of food and drink in the run-up to the holiday season, and Morrisons has responded by slashing the prices of more than 900 products
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The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
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The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Robbie Bell is the current CEO of motorway services operator Welcome Break, having previously held high-up finance positions at Tesco and Screwfix
The bank said data from research body Kantar had reported a “significant slowing consumption trend in the four weeks up to 2 Decemberso-called”
Asda was the only supermarket among the so-called ‘Big Four’ to maintain market share in the period, Kantar Worldpanel revealed
Chris Bush and John Scouler walked free from Southwark Crown Court on Thursday, having previously been accused of failing to correct inaccurate income figures at the supermarket
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The UK index of leading shares finished down over 39 points lower at 7,022.
Britain’s largest department store chain reported that total sales in the week to 17 November had fallen 6.8% year-on-year, following from an 8.3% plunge the week before
‘Spoons is known for its wafer-thin margins, but aims to sell so much food and drink that it still turns a decent profit come end of the year, but JP Morgan has some reservations this time around
Female workers continue to march against discrimination in the workplace after a court ordered Lloyds to amend its pension schemes to make benefits equal for men and women
Aldi and Lidl have been taking market share from the four biggest supermarkets including Sainsbury's, Tesco, Morrisons and Asda
Tesco said it welcomes the Appeal Court's ruling and the "confirmation of our belief that ATMs should not be separately rateable"
Some investors have raised concerns about the complexity involved in combining two very different brands
Sainsbury's continues to expect full-year underlying profit to meet market forecasts
With no signs of fierce competition letting up, Morrisons and Tesco have expanded into wholesale supply while Sainsbury’s is in the process of trying to merge with Asda
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
The move to bring supplier issues within the remit of the regulator’s inquiry follows pressure from politicians
Tesco, Sainsbury’s, Asda and Morrisons all grew sales over the past 12 weeks, but they all also gave up more market share to the German discounters (and Co-op)
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The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Chris Bush, Tesco’s former UK managing director, and John Scouler, the former UK food commercial director, have been accused of knowing that income was being wrongly included in the firm’s financial records in order to meet targets
Tesco has been trying to renegotiate its deals with food manufacturers in Thailand, which isn’t progressing as quickly as hoped
Mary Creagh MP has written to the heads of companies with large clothing lines as part of an investigation into how the UK fashion industry can reduce its environmental footprint
Tesco is in good shape to go into battle with discount retailers and a merged Sainsbury's-Asda
Some of the main risers and fallers in London on Wednesday...
Mark George replaces Richard Darwin, who stepped up to become chief executive officer following the departure of John Treharne
The supermarket group said UK sales performed well but that it had struggled in central Europe and Asia
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Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
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Tesco might give some more details on its plans for its cheap-and-cheerful chain, Jack's, while Avingtrans should reveal how good an acquisition Hayward Tyler has been
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
Tesco is expected to notch its 11th straight quarter of UK like-for-like sales growth and deliver underlying earnings (EBIT) of around £983mln, according to UBS analysts
Aldi’s UK and Ireland arm posted a 26% increase in operating profit last year as sales grew 16.4%
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The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
Aldi & Lidl are unlikely to be quaking in their boots at Tesco's new discount chain, Jack's. Numerous attempts by the Big Four supermarkets to compete with the hard discounters have not stayed the course
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The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
Shares in Tesco, Sainsbury’s and Morrisons have soared over the past year, but Berenberg reckons there is still a way to go
Morrisons, which has online delivery deals in place with Amazon and Ocado, will likely invest further in e-commerce with the high street in decline
A look at some of the top risers and fallers in London on Thursday
Sites in Immingham, Liverpool and St. Helens had been earmarked for potential conversions to Jack's outlets, according to reports
In a statement published on its website on Tuesday, Leigh Day said that Morrisons had around 80,000 store staff eligible to claim, which could result in a big bill for back pay if the retailer's action are to be found unlawful
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Hilton Food bought Seachill, a UK-based fish processor, for £80.8mln last October
Moves by Tesco and Asda to scrap their price guarantees may lead to the belief that the price wars are coming to an end, however a new, fiercer contest could soon be underway
The competition watchdog will begin a Phase 1 probe to assess how the deal could affect competition for customers
Hot weather boosted drinks sales and hit reality TV show Love Island boosted demand for men’s skincare products
The UK food retailer said its underlying sales excluding fuel rose by 0.4% in its second quarter, but removing the impact of an earlier Easter which this year benefited the first quarter, sales were up 2.6%
Tesco's tie-up with Carrefour will allow the two to negotiate better terms from suppliers
News of further market share losses for Tesco will likely add more weight to reports over the weekend that it is looking to launch a new discount brand to rival Aldi and Lidl
According to the Guardian, workers at one Tesco store in Liverpool which is due to close have been promised potential jobs at a “new retail format” store opening in September
Britain's biggest retailer said Charles Wilson, the former CEO of wholesaler Booker which Tesco acquired in a deal that completed in March, will focus on leading the Booker business
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Wednesday is US Independence Day, meanwhile, the hangover from England's big game may leave London welcoming a light diary.
Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon
Tesco and Carrefour said the partnership will allow the companies to improve the quality and choice of products at lower prices
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The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
As a result, the bank’s analysts have raised their rating for Sainsbury’s to ‘overweight’ from ‘equal-weight’ and increased their target price to 375p from 300p previously
The market researcher said sales at the FTSE 100 supermarket chain were down 0.2% in the 12 weeks to June 17, while all its ‘big four’ rivals saw sales increase