Key Developments: Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

280.70GBp
10 Jul 2014
Price Change (% chg)

1.20p (+0.43%)
Prev Close
279.50p
Open
279.10p
Day's High
283.15p
Day's Low
277.20p
Volume
22,208,515
Avg. Vol
19,111,567
52-wk High
386.40p
52-wk Low
277.20p

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Latest Key Developments (Source: Significant Developments)

Tesco PLC announces appointment of Chief Financial Officer
6:42am EDT 

Tesco PLC:Says Alan Stewart will join Board of Tesco as Chief Financial Officer.  Full Article

Tesco takes on UK banks with current account launch - Reuters
Tuesday, 10 Jun 2014 05:33am EDT 

Tesco Bank:Has launched its first personal current or checking account, looking to challenge established lenders and bring shoppers back into its parent's stores - Reuters.Tesco also hopes the service will help entice customers back into its supermarkets after suffering its worst three-monthly sales drop in 40 years.Account holders will be offered credits via Tesco's loyalty scheme Clubcard, which they can spend inside Tesco's 3,000 UK outlets.Tesco is offering interest of 3 percent on balances of up to 3,000 pounds.Customers depositing less than 750 pounds a month into the account will have to pay a 5 pound monthly fee.  Full Article

China Resources Enterprise Ltd announces completion of formation of joint venture with Tesco Plc
Wednesday, 28 May 2014 07:28pm EDT 

China Resources Enterprise Ltd:Refers to the announcement made on Oct. 02.Completion took place on May 28.The company and Tesco now holds 80 pct and 20 pct respective interests in the joint venture which in turn holds the retail business and the contributed business operations.  Full Article

Tesco PLC maintains final dividend
Wednesday, 16 Apr 2014 02:00am EDT 

Tesco PLC:Approves a maintained final dividend of 10.13 pence per share.Payment date July 04.Register date May 02.  Full Article

Tesco PLC confirms joint venture with TATA 's Trent Ltd in India
Friday, 21 Mar 2014 07:30am EDT 

Tesco PLC:Agreement with Trent Ltd, part of Tata Group.To form 50:50 joint venture in Trent Hypermarket Ltd (THL) which operates Star Bazaar retail business in India.Tesco's investment will be around 85 mln Pound.  Full Article

Tesco PLC announces additional listing
Thursday, 23 Jan 2014 05:00am EST 

Tesco PLC:Says application has been made for the block listing of 14,000,000 ordinary shares of 0.05 Pound each to the official list of the UK Listing Authority and to trade on the London Stock Exchange's main market for listed securities.  Full Article

Tesco PLC announces property sale and leaseback transaction
Friday, 3 Jan 2014 06:11am EST 

Tesco PLC:Confirms the completion of a sale and leaseback transaction in South Korea.Says Homeplus Co. Ltd, a wholly owned subsidiary of Tesco Plc, has concluded the transaction with Samsung SRA, a real estate fund manager focused on commercial real estate in Korea and overseas.Says the deal comprises a portfolio of four Homeplus stores and accompanying mall space, with total gross proceeds in excess of £355 million.  Full Article

Tesco PLC completes Fresh & Easy sale
Wednesday, 27 Nov 2013 02:00am EST 

Tesco PLC:Says following the announcement of Sep. 10, 2013 that Tesco had agreed the sale of the substantive part of Fresh & Easy's operating business to YFE Holdings Inc., an affiliate of Yucaipa Companies LLC, Tesco is confirming the completion of the transaction.  Full Article

Tesco PLC To Sell Off Land Near Stores In Poland - Reuters
Tuesday, 19 Nov 2013 12:46pm EST 

Reuters reported that Tesco PLC, is to sell off land around its stores in Poland. Terms of sale were not disclosed.  Full Article

Tesco PLC Announces Holding Interest Of Norges Bank
Tuesday, 22 Oct 2013 10:28am EDT 

Tesco PLC announced that Norges Bank is interested in 410,626,794 shares of the Company, representing 5.08% of the total voting rights.  Full Article

UPDATE 2-M&S finance chief defects to Tesco

* Tesco says M&S CFO Alan Stewart to join firm in same role

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