Tesco PLC (TSCO.L)
24 Jun 2016
Thu, Jun 23 2016
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.
* Shares rise up to 4.4 percent, flat by 1455 GMT (Adds chairman's comments at AGM, analyst comment, shares)
* Tesco rises after sales update (Recasts, adds detail and updates prices)
* CEO says retail market "likely to remain challenging and uncertain"
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.
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.
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.
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.
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.
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.