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TSCDY.PK on OTC Markets Group

25 May 2017
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$0.07 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

N Brown says macro-economic backdrop remains challenging for retail
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - N Brown Group Plc :Total dividend 14.23 penceper share.Final dividend 8.56 penceper share.Fy online revenue +10 pct yoy; online revenue of power brands +14 pct.Statutory revenue and pbt for 53 weeks to 4 th march 2017 were £900.7m and £57.6m respectively..Fy group revenue was up 2.5 pct to £887.7m.Fy product revenue up 3.4 pct.Fy financial services revenue up 0.4 pct.Ladieswear revenues +4.2 pct yoy and +10.4 pct yoy in h2, best performance since fy08, with significant market share gains.Good power brand performance, with revenue +9.2 pct and active customers +9.9 pct (excluding fifty plus).Jd williams brand revenue +12 pct; fifty plus migration on track.O over 100 new third-party brands added since start of fy17.Announcing a relationship with Tesco to sell capsule collection of Simply Be and Jacamo Lines on Tesco Direct.Although it is early in our new financial year, performance so far has been encouraging and in line with our expectations..We are in discussions with a number of retailers to sell capsule collections of our brands through their sites.Online accounted for 69 pct of our sales for fy17. Online revenue was up 10 pct year on year overall, and up 14 pct in our power brands..Sees fy18 product gross margin -120bps to -20bps, with key driver being increased input costs as a result of depreciation of sterling.Macro-Economic backdrop remains challenging for retail.  Full Article

Grandvision announces acquisition of Tesco Opticians in UK
Wednesday, 19 Apr 2017 02:45am EDT 

April 19 (Reuters) - Grandvision NV ::Acquisition incorporates Tesco Optician's network of 209 stores across UK and Republic of Ireland, bringing total number of vision express outlets to 598 .Financial terms of this transaction have not been disclosed.Transaction expected to complete later in 2017.  Full Article

Tesco agrees to sell its opticians business
Wednesday, 19 Apr 2017 02:45am EDT 

April 19 (Reuters) - Tesco Plc ::Tesco agrees sale of opticians business.Sale of its opticians business in UK and Republic of Ireland to Vision Express.Move to further simplify its business and serve its shoppers better.Business employs about 1,500 colleagues, all of whom will be covered by Tupe legislation to transfer into Vision Express following a consultation process.Disposal is subject to regulatory approval by competition and markets authority in UK.  Full Article

Tesco not considering more overseas disposals - CEO
Wednesday, 12 Apr 2017 02:30am EDT 

Tesco : CEO says not looking at more overseas disposals Further company coverage: [nL8N1HK0SI] (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

SFO says agreed deferred prosecution agreement with Tesco
Tuesday, 28 Mar 2017 02:00am EDT 

Serious Fraud Office Confirms Reached An Agreement With Tesco Stores Limited : Which, if approved by the crown court, will result in a deferred prosecution agreement . Sfo says tesco will pay fine of 129 million pounds ($161.77 million)and sfo's full costs, if dpa is approved Further company coverage: [TSCO.L] ($1 = 0.7974 pounds) ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Tesco shareholder Artisan Partners says opposes company's offer for Booker
Monday, 27 Mar 2017 01:26pm EDT 

Tesco : Tesco shareholder Artisan Partners says opposes company's offer for Booker , says deal a distraction . Schroders also opposes deal [nL5N1H458J] Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Tesco International CEO Trevor Masters to step down
Monday, 20 Mar 2017 06:35am EDT 

Tesco Plc : Trevor Masters, CEO Tesco International, will leave business at end of May. .Tony Hoggett will become Tesco's CEO Asia and Matt Simister will become Tesco's CEO Central Europe.  Full Article

Tesco completes disposal of Kipa
Wednesday, 1 Mar 2017 06:06am EST 

Tesco Plc :All local regulatory approvals have been secured and disposal of Kipa was duly completed on 01 March 2017..  Full Article

Morrisons says deflation eased in Xmas trading period
Tuesday, 10 Jan 2017 03:05am EST 

Morrisons : CFO says saw some easing of deflation from Q3 to Xmas trading period . CFO says priority is to be "very competitive" . CFO says online contribution to Xmas period like-for-like growth was 0.6 percent . CFO says deflation in 9 week Xmas period was 0.2 percent . Shares open up 4 percent as Xmas sales beat forecasts, profit guidance raised . Tesco shares up 4 percent, Sainsbury up 2.4 percent Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Tesco axing 500 jobs in distribution centre shake-up - Sky News
Monday, 9 Jan 2017 12:07pm EST 

:Tesco axing 500 jobs in distribution centre shake-up - Sky News.  Full Article

More From Around the Web


Booker sticks to Tesco deal timetable as profits rise

LONDON British wholesaler Booker still expects its 3.7 billion pound ($4.8 billion) takeover by Tesco to be completed by early 2018 at the latest, it said after reporting annual results on Thursday, despite regulatory hurdles that analysts said could make the timetable optimistic.