Tesco PLC (TSCO.L)
24 May 2019
* More lenders could quit mortage market -Fitch (Adds Fitch comment)
LONDON, May 21 Britain's biggest supermarket chain Tesco plc said its banking unit will stop mortgage lending, amid cut-throat competition and tough market conditions that have pressured profits for lenders across the sector.
LONDON, April 29 Tesco, Britain's biggest retailer, said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.
LONDON/BENTONVILLE, Ark. Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. | Video
* ASDA to have resources to be strong UK retailer -Walmart (Adds investor comment, updates shares)
LONDON Britons have carried on spending despite their "Brexit fatigue," Tesco said on Wednesday, as a forecast-beating rise in profits confirmed a turnaround at Britain's biggest retailer. | Video
* Shares rise 0.8 pct (Adds further CEO comments, analyst reaction, shares)
* Indivior tanks after U.S. DoJ indictment, Reckitt also falls
LONDON Tesco, Britain's biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit.
LONDON, April 5 Tesco, Britain's biggest retailer, is expected to report on Wednesday a 27 percent jump in full-year profit, putting it firmly on track to meet the medium-term targets Chief Executive Dave Lewis set out in 2016, despite the cloud of Brexit.