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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

203.90GBp
16 Nov 2018
Change (% chg)

0.80 (+0.39%)
Prev Close
203.10
Open
203.50
Day's High
207.20
Day's Low
203.20
Volume
21,487,427
Avg. Vol
24,257,564
52-wk High
266.80
52-wk Low
181.65

Latest Key Developments (Source: Significant Developments)

Tesco Says Wine By The Case To Close
Wednesday, 5 Sep 2018 07:22am EDT 

Sept 5 (Reuters) - Tesco PLC ::TESCO WINE BY THE CASE TO CLOSE.DECIEDED TO CLOSE WINE BY THE CASE FOLLOWING DETAILED REVIEW WHICH FOUND THERE WAS NO PROFITABILITY ROUTE FOR STANDALONE ONLINE OFFERING.WINE BY THE CASE SERVICE WILL CLOSE ON 8 OCTOBER.WINE BY THE CASE CLOSURE WILL AFFECT VERY SMALL NUMBER OF COLLEAGUES WHO WILL BE SUPPORTED TO FIND ALTERNATIVE ROLES WITHIN BUSINESS.  Full Article

Tesco says 5 weeks into Booker takeover won't be changing targets
Wednesday, 11 Apr 2018 01:55am EDT 

April 11 (Reuters) - Tesco ::CEO SAYS 5 WEEKS INTO BOOKER TAKEOVER WILL NOT BE CHANGING FINANCIAL TARGETS.CEO DECLINES COMMENT ON MEDIA REPORT PLANS TO SET-UP OWN DISCOUNTER OPERATION.CEO SAYS UK NON-FOOD MARKET HAS BEEN DIFFICULT FOR A WHILE, "CHALLENGES REMAIN".CEO SAYS "VERY HAPPY WITH MARGIN PERFORMANCE OF BUSINESS".CEO SAYS "DEFINITELY A DOWNWARD TREND IN FOOD INFLATION.  Full Article

Tesco Says All Own Label Soft Drinks Below Threshold For UK Sugar Levy
Tuesday, 3 Apr 2018 04:04am EDT 

April 3 (Reuters) - Tesco PLC ::ALL OWN LABEL SOFT DRINKS ARE ALREADY BELOW THRESHOLD FOR UK SUGAR LEVY; THERE WILL BE NO PRICE INCREASE IN TESCO SOFT DRINKS AFTER APRIL 6..  Full Article

Booker Says Court Sanctions Scheme Of Arrangement On Tesco Deal
Friday, 2 Mar 2018 06:21am EST 

March 2 (Reuters) - Booker Group Plc ::COURT SANCTION OF SCHEME OF ARRANGEMENT ON ​‍RECOMMENDED SHARE AND CASH MERGER OF TESCO PLC AND BOOKER GROUP PLC.‍ALL CONDITIONS TO TESCO-BOOKER MERGER HAVE NOW BEEN SATISFIED​.STEWART GILLILAND, HELENA ANDREAS, ANDREW CRIPPS, GARY HUGHES AND KAREN JONES WILLSTAND DOWN AS DIRECTORS OF BOOKER WITH EFFECT FROM MARCH 5.  Full Article

Tesco CEO says outperformed in food, was happy with pricing, offer
Thursday, 11 Jan 2018 02:44am EST 

Jan 11 (Reuters) - Tesco ::CEO SAYS SIGNS INFLATION IS ABATING A LITTLE.CEO SAYS REALLY CONFIDENT WITH OUTLOOK.CEO SAYS "FINEST" RANGE DEMAND WAS PARTICULARLY STRONG.CEO SAYS HOME COMPUTING, VISION AND ENTERTAINMENT CATEGORIES WERE WEAK OVER CHRISTMAS.CEO SAYS HE WAS "REALLY HAPPY" WITH PRICING POSITION OF TESCO OVER CHRISTMAS.CEO SAYS OUTPERFORMED IN BOTH VOLUME AND VALUE IN FOOD IN FOUR WEEKS BEFORE CHRISTMAS.CEO SAYS PROMOTIONAL ACTIVITY IN 19-WEEK PERIOD WAS LOWER THAN A YEAR AGO.CEO SAYS 'HAPPY WITH TOY PERFORMANCE', BUT WAS NOT REMARKABLY POSITIVE OR NEGATIVE.  Full Article

Tesco announces ‍indicative result of tender offer​
Wednesday, 25 Oct 2017 05:31am EDT 

Oct 25 (Reuters) - TESCO PLC ::‍INDICATIVE RESULT OF TENDER OFFER​.‍ANNOUNCES INDICATIVE RESULTS OF ITS TENDER OFFER FOR ITS EUR 1,250,000,000 1.375 PERCENT NOTES DUE 2019 AND GUARANTEED BY TESCO PLC​.  Full Article

UK's ‍CMA to look at Vision Express' undertakings offer in detail​
Wednesday, 11 Oct 2017 02:16am EDT 

Oct 11 (Reuters) - UK's Competition and Market's Authority::UK'S ‍CMA - TO LOOK AT VISION EXPRESS' UNDERTAKINGS OFFER IN DETAIL​.UK'S ‍CMA - REASONABLE GROUNDS FOR BELIEVING UNDERTAKINGS OFFERED BY VISION EXPRESS, OR MODIFIED VERSION, MIGHT BE ACCEPTED BY CMA.  Full Article

Tesco turnaround "firmly on track" - CEO
Wednesday, 4 Oct 2017 03:04am EDT 

Oct 4 (Reuters) - Tesco :CEO says turnaround "is firmly on track".CEO says inflation in business "running at about 1 percent below peers".CEO says return of dividend a "significant milestone in recovery of business".CEO says does not expect inflationary situation in H2 to change from H1.CEO says "comfortable" with analysts' consensus profit forecasts for 2017-18 of about 1.5 billion stg.CEO "remains confident" Booker <<>> transaction "completely on track".CEO says "was shocked as anybody" by recent Two Sisters chicken food safety issue, says immediately investigated.Shares up 1.8 percent after 27 percent rise in H1 profit, return of dividend.  Full Article

UK's CMA flags concerns over Tesco Opticians,Vision Express deal
Thursday, 28 Sep 2017 04:14am EDT 

Sept 28 (Reuters) - UK's Competition and Markets Authority::UK'S CMA SAYS HAS FOUND THAT PLANNED PURCHASE OF TESCO OPTICIANS BY VISION EXPRESS COULD RESULT IN SUBSTANTIAL LESSENING OF COMPETITION IN 3 LOCAL AREAS.UK'S CMA SAYS VISION EXPRESS NOW HAS THE OPPORTUNITY TO OFFER UNDERTAKINGS TO ADDRESS THE COMPETITION CONCERNS IDENTIFIED.UK'S CMA- MERGER WILL BE REFERRED FOR A PHASE 2 INVESTIGATION UNLESS THE PARTIES OFFER ACCEPTABLE UNDERTAKINGS TO ADDRESS THESE COMPETITION CONCERNS‍​.  Full Article

UK's CMA flags concerns over Tesco Opticians, Vision Express deal
Thursday, 28 Sep 2017 02:12am EDT 

Sept 28 (Reuters) - :CMA says opticians merger could lead to worse deal for some customers..Says planned purchase of Tesco Opticians by Vision Express could lead to a worse deal for customers in 3 local areas..Says if Vision Express does not offer sufficient undertakings to address the concerns, the merger will be referred for an in-depth phase 2 investigation..  Full Article

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Sainsbury's-Asda deal 'extremely detrimental' to consumers, says supplier

LONDON Sainsbury's proposed takeover of Asda would be "extremely detrimental" to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain's competition regulator.