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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

175.20GBp
21 Jul 2017
Change (% chg)

-0.20 (-0.11%)
Prev Close
175.40
Open
175.50
Day's High
176.20
Day's Low
174.40
Volume
18,631,920
Avg. Vol
30,158,702
52-wk High
219.40
52-wk Low
153.00

Latest Key Developments (Source: Significant Developments)

Tesco-Booker merger faces in-depth competition investigation
Wednesday, 12 Jul 2017 02:11am EDT 

July 12 (Reuters) - Uk Competition Watchdog says :Tesco-Booker merger referred for in-depth investigation.UK competition watchdog says in more than 350 local areas where there is currently an overlap between Tesco shops and Booker-supplied 'symbol' stores, shoppers could face worse terms when buying their groceries.  Full Article

Tesco ‍announces pricing of up to $300 mlnn senior notes due 2037​
Wednesday, 5 Jul 2017 12:39pm EDT 

July 5 (Reuters) - Tesco Plc ::‍Announces pricing of cash tender offer for up to $300 million of senior notes due 2037​.As at 5:00 p.m., New York City time, on June 30, aggregate principal amount of securities validly tendered and not withdrawn was $637,113,000​.‍Maximum tender amount of $300 million aggregate principal amount of securities was accepted​.  Full Article

Tesco announces early results of cash tender offer for U.S. notes due 2037
Monday, 3 Jul 2017 05:10am EDT 

July 3 (Reuters) - Tesco Plc ::Announces early results of cash tender offer for up to $300 million of senior notes due 2037.Aggregate principal amount of securities validly tendered and not withdrawn by early tender time was $637,113,000.Maximum tender amount of $300 million aggregate principal amount of securities has therefore been reached.Offeror will announce pricing of offer on July 5, 2017.  Full Article

Tesco says indicative results of tender offer for notes
Monday, 3 Jul 2017 05:04am EDT 

July 3 (Reuters) - Tesco Plc ::Tesco Plc announces indicative results of tender offers for its 600 mln euros 5.125 per cent. Notes due 2047, 200 mln euros 6 percent.Indicative results of offer for notes due 2029, 200 mln euros 5.50 percent; notes due 2033, 300 mln euros 4.875 percent; notes due 2042 500 mln euros 5.20 percent.  Full Article

Tesco now looking for completion of Booker takeover in Jan 2018
Thursday, 29 Jun 2017 02:00am EDT 

June 29 (Reuters) - Tesco :Tesco now looking for completion of Booker <<>> takeover in January 2018 - Tesco spokeswoman.  Full Article

Tesco is to axe 1,200 jobs at its head office - Press Association tweet
Wednesday, 28 Jun 2017 06:11am EDT 

June 28 (Reuters) - :Tesco is to axe 1,200 jobs at its head office - Press Association tweet.  Full Article

Tesco to shut Cardiff customer service centre, jobs affected
Wednesday, 21 Jun 2017 09:10am EDT 

June 21 (Reuters) - Tesco Plc ::Announced intention to simplify customer service operations by consolidating customer engagement centres into single operation in Dundee.As part of the changes, Tesco has decided to close its other customer engagement centre located in Cardiff.Proposing to close Cardiff CEC in Feb 2018, with 1,100 colleagues affected; also expects to create 250 new roles at its Dundee office.  Full Article

Tesco says inflation in business in Q1 "significantly below market trend"
Friday, 16 Jun 2017 02:42am EDT 

June 16 (Reuters) - Tesco :CEO says confident can continue to outperform market.CEO says inflation in business in Q1 "significantly below market trend".CFO says margin and cost savings targets unchanged.CEO says "really happy with progress we're making".  Full Article

UK accounting watchdog closes investigation into PWC over Tesco audit
Monday, 5 Jun 2017 02:12am EDT 

June 5 (Reuters) - UK 's Financial Reporting Council says closed investigation into PWC and some of its members in their capacity as auditors of Tesco :UK accounting watchdog says was not a realistic prospect tribunal would make adverse ruling against PWC and its associates.  Full Article

Tesco says CMA's standard phase 1 review of Booker deal now underway
Tuesday, 30 May 2017 07:08am EDT 

May 30 (Reuters) - Tesco Plc ::Confirm that it has today filed a formal notification with CMA in respect of its proposed merger with Booker Group Plc.Formal notification triggered announcement by CMA that a standard phase 1 review of transaction is now underway​.  Full Article

PRESS DIGEST- British Business - July 13

July 13 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.