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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

184.70GBp
17 Nov 2017
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27,258,419
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Latest Key Developments (Source: Significant Developments)

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

Booker Group says Q2 like-for-like total sales ‍up 1.3 pct
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - Booker Group Plc :Q2 LIKE-FOR-LIKE NON-TOBACCO SALES ‍GREW BY 6.0 PCT​.Q2 GROUP SALES ROSE BY 1.1 PCT ON SAME PERIOD LAST YEAR WITH NON TOBACCO SALES UP 5.8 PCT.ON TESCO DEAL - CURRENTLY GOING THROUGH REVIEW PROCESS WITH COMPETITION AND MARKETS AUTHORITY.Q2 LIKE-FOR-LIKE TOTAL SALES ‍UP 1.3 PCT.Q2 LIKE-FOR-LIKE TOBACCO SALES ‍DOWN 9.4 PCT​.Q2 LIKE-FOR-LIKE NON TOBACCO SALES ‍GREW BY 6.0 PCT​.  Full Article

Hilton Food Group signs fresh food contract with Tesco Central Europe
Thursday, 24 Aug 2017 02:00am EDT 

Aug 24 (Reuters) - HILTON FOOD GROUP PLC ::HILTON SIGNS FRESH FOOD CONTRACT WITH TESCO CENTRAL EUROPE.HAS SIGNED A LONG TERM SUPPLY AGREEMENT WITH TESCO CENTRAL EUROPE ("TESCO") TO PRODUCE FRESH FOOD.FIVE YEAR AGREEMENT WILL INVOLVE BUILDING A STATE OF ART FACTORY IN POLAND REQUIRING AN INVESTMENT OF C.6M EUROS.EXPECTED THAT PRODUCTION WILL BEGIN IN Q1 OF 2019.HILTON AND TESCO HAVE ALSO AGREED TO SIGN A FURTHER FIVE YEAR LONG TERM SUPPLY AGREEMENT FOR HILTON TO CONTINUE SERVICING TESCO'S CENTRAL EUROPEAN STORES WITH PRE-PACKED MEAT.  Full Article

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

UPDATE 1-Tesco, Vodafone keep Britain's FTSE afloat

* But weaker commodity stocks weigh (Recasts, adds quote and detail, graphic, updates prices at close)