Key Developments: Tesco PLC (TSCO.L)
380.80GBp
17 May 2013
6.90p (+1.85%)
373.90p
374.75p
380.80p
374.05p
22,331,695
16,545,051
387.85p
294.50p
Latest Key Developments (Source: Significant Developments)
Tesco PLC Board Approves Maintained Final Dividend
Tesco PLC announced that the board has approved a maintained final dividend of 10.13 pence per share, giving a full year dividend of 14.76 pence. The final dividend will be paid on July 5, 2013 to shareholders on the Register of Members at the close of business on April 26, 2013. Full Article
Tesco PLC Announces Acquisition Of Restaurant Group Giraffe
Tesco PLC announced that it has acquired 100% of Giraffe Restaurants, the family-friendly restaurant group. The purchase price is GBP48.6million. Full Article
Tesco PLC Approves Interim Dividend
Tesco PLC announced that the board has approved a maintained interim dividend of 4.63p per share. The interim dividend will be paid on December 21, 2012 to shareholders on the Register of Members at the close of business on October 12, 2012. Full Article
Tesco PLC Acquires eBook Provider Mobcast
Tesco PLC announced that it has acquired Mobcast, the digital book platform provider. The purchase price is GBP4.5 million. Full Article
Tesco PLC's Homeplus Co. Ltd Completes Sale And Leaseback Deal In South Korea
Tesco PLC announced the successful completion of a sale and leaseback transaction in South Korea. Homeplus Co. Ltd, a wholly owned subsidiary of Tesco Plc, has concluded the transaction with a consortium of investors led by IGIS Asset Management. The deal comprises a portfolio of four Homeplus stores and accompanying mall space, with total gross proceeds in excess of GBP300 million. Full Article
Tesco PLC May Buy Majority Stake In Uyum Gida-Reuters
Reuters reported that according to Turkey's Vatan newspaper, Tesco PLC is interested in buying a majority stake in Turkish grocer Uyum Gida. Full Article
Aeon Corp To Buy Tesco Plc Japan Business-Reuters
Reuters reported that Aeon Corp plans to buy the Japan business of Tesco Plc or a nominal sum. The deal will be announced later, on the condition of anonymity because the deal is not yet public. Full Article
Tesco PLC Approves Final Dividend
Tesco PLC announced that the Board have approved a final dividend of GBP0.1476 per share. Combined with the increase in the interim dividend, this brings the full year dividend increase to 2.1%, in line with the growth in full year underlying diluted earnings per share at a constant tax rate. The final dividend will be paid on July 6, 2012 to shareholders on the Register of Members at the close of business on April 27, 2012. Full Article
Tesco PLC Launches Up To $585 Million Thai property Fund IPO-Reuters
Reuters reported that Tesco PLC launched the initial public offering (IPO) of its Thailand property fund on Monday, aiming to raise up to $585 million to finance future expansion. The offering is part of a trend among retailers in recent years to squeeze more value from their real estate assets, bundling them into a property fund, selling the fund to investors and leasing back the property. The Tesco Lotus Retail Growth Freehold and Leasehold Property Fund, as it is formally called, comprises 17 shopping malls anchored by a Tesco Lotus hypermarket in cities including Bangkok and tourist destinations such as Krabi. Full Article
Tesco PLC Sees FY 2011/12 Earnings In Line With Market Consensus; Sees FY 2011/12 Group Trading Profit To Be Around Low End Of Current Consensus Range
Tesco PLC announced that in a challenging consumer environment at home, and with early signs of more cautious behaviour emerging elsewhere, the Company has seen more strain than anticipated on profitability during the important seasonal trading period. As a result, underlying profit before tax and earnings per share (EPS) for 2011/12 will be broadly in line with market consensus forecasts, the Company expects Group trading profit growth to be around the low end of the current consensus range. Full Article
Tesco: meeting with India trade min on retail policy reassuring
MUMBAI, May 10 - Tesco Plc's chief executive said on Friday that a meeting with India's Trade Minister Anand Sharma on the country's retail policy had been reassuring, even as Britain's biggest retailer awaits clarifications on foreign investment.
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