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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

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24 Jun 2016
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Thu, Jun 23 2016

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Tesco says recovery on track, asks investors to be patient

LONDON Tesco, Britain's biggest retailer, said its recovery was gaining momentum as it reported a second straight quarter of UK sales growth, though it said it could take up to three years for this to feed through to its share price.

UPDATE 3-Tesco says recovery on track, asks investors to be patient

* Shares rise up to 4.4 percent, flat by 1455 GMT (Adds chairman's comments at AGM, analyst comment, shares)

FTSE reaches two-month high as Britain votes on EU membership

* Tesco rises after sales update (Recasts, adds detail and updates prices)

BRIEF-Tesco comfortable with analysts' 2016-17 profit consensus

* CEO says retail market "likely to remain challenging and uncertain"

UPDATE 1-UK Stocks-Factors to watch on June 23

June 23 Britain's FTSE 100 index is seen opening up about 45 points, or 0.7 percent higher, according to financial bookmakers, with futures up 0.2 percent ahead of the cash market open, on the day of a crucial vote by the British public on the UK's membership in the European Union.

Tesco reports second straight quarter of UK sales growth

LONDON, June 23 Tesco, Britain's biggest retailer, on Thursday reported a second successive quarter of UK underlying sales growth, the first time it has done so in over five years, indicating the firm is making steady progress under Chief Executive Dave Lewis.

Tesco restructuring continues as Dobbies sold for 217 million pounds

LONDON Tesco said on Friday it has sold its Dobbies Garden Centres business for 217 million pounds ($309 million), as Britain's biggest retailer continues to divest.

UPDATE 1-Tesco restructuring continues as Dobbies sold for 217 mln stg

LONDON, June 17 Tesco said on Friday it has sold its Dobbies Garden Centres business for 217 million pounds ($309 million), as Britain's biggest retailer continues to divest.

Tesco sells Dobbies Garden Centres for 217 mln stg

LONDON, June 17 Britain's biggest retailer Tesco has sold its Dobbies Garden Centres business for 217 million pounds ($309.4 million), continuing with its plan to dispose of some of its businesses.

Tesco reshaping continues with Turkey and Giraffe sales

LONDON Tesco has agreed the sale of its Turkish business and Giraffe restaurant chain in the United Kingdom as the country's biggest retailer continues its reshaping under Chief Executive Dave Lewis.

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