Tesco PLC

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, and Central Europe. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia. The company was founded by John Edward Cohen in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.

Hargreaves Lansdown PLC (LSE:HL.) has poached its new chief executive, Dan Olley, from Tesco's data arm, where he was only appointed last year.

Hargreaves Lansdown shares show uncertainty as new CEO poached from Tesco data arm

J Sainsbury PLC

Supermarkets Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) have raised prices on some own brand and budget ranges by as much as 70% this year, according to a new monthly price tracker. Consumer rights group Which?

Tesco and Sainsbury's hiking some own-brand products 70% - but they are not the worst for inflation

Companies have begun to cut energy usage to cut their bills this winter following warnings of power cuts and skyrocketing tariffs. John Lewis Partnership, PwC and Tesco PLC (LSE:TSCO) are among the firms dimming lights, lowering temperatures and even shutting offices to combat rising costs.

John Lewis, Tesco and PwC switch off lights and heating to save energy costs

Tesco PLC (LSE:TSCO) and B&M European Value Retail (B&M European Value Retail SA (LSE:BME))  are potential 2023 winners, according to JPMorgan, as European food retailers battle with a changing mix, Covid volume unwinds, down trading and increased costs. Analysts at the US bank believe the low-end grocery retail sector is “well positioned to navigate 2023” due to stronger execution, less complacency, more rational markets and an enhanced mix.

Tesco and B&M likely 2023 winners, says JP Morgan

Supermarkets such as Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) need tougher regulation as are making billions of pounds of profit but farmers are getting less than 1% of the profit from the food they produce, according to a new report. UK farmers are often left with far less than 1p profit from the food items they produce, a report from charity Sustain has found.

Tesco and other grocers profits in the millions but farmers get 'less than a penny in the pound', says report

Lloyds Banking Group

Cash shortages during the Christmas period are looking increasingly likely due to strike action by workers at G4S (LSE:GFS), while walkouts are also threatened by Royal Mail staff, rail workers and nurses. Over 1,000 G4S workers, who transport cash for banks and businesses, are set to strike for 48 hours from 5 December after GMB union rejected an offer of a 4.5% pay increase.

Lloyds Banking, Tesco, Royal Mail, Wetherspoon all facing potential impact from festive strikes

Supermarkets are facing disruption to food supplies in the run up to Christmas as more than 700 Bakkavor Group PLC (LSE:BAKK) factory workers in Lincolnshire plan to walkout from late November.  Tesco PLC (LSE:TSCO), J Sainsbury PLC (LSE:SBRY), Wm Morrison Supermarkets and Marks and Spencer Group PLC (LSE:MKS) will all be hit when the workers, who make supermarket own brand products including soup, sauces and deli goods, strike from 25 November to 2 January as part of a dispute over pay.

Tesco and Sainsbury's among supermarkets bracing for factory strike disruption

Tesco , Britain's biggest retailer and one of the country's largest private-sector employers, is offering its staff advances on their pay to help them navigate a worsening cost-of-living crisis, it said on Friday.

Britain's Tesco offers salary advance to cash-strapped staff

Tesco is to increase the amount of space in its stores allocated to 'reduced to clear' or yellow label items after a surge in customers looking for rock-bottom bargains. Official data today showed that the rate of inflation in the UK has hit a 40-year high of 11.1%, with food prices and energy leading the way.

Tesco to devote more space to yellow label items

Customers looking to buy their Christmas turkey online from Tesco PLC (LSE:TSCO) were left in limbo as the weight of traffic forced the site to crash. Delivery Saver customers were told they could book a slot from 6am today, but some complained that the queue was opened before the advertised time.

Tesco fails to deliver Christmas cheer as website crash wreaks havoc

Britain's biggest retailer Tesco can argue at trial that discount supermarket Lidl applied for trademarks for a yellow circle against a blue background in “bad faith” after a London court on Wednesday allowed its appeal.

Tesco wins appeal in trademark fight with Lidl in UK court

Restaurant Brands

YUM! Brands

Hundreds of workers who deliver food supplies to a wide range of popular restaurants may go on strike for better pay, according to the GMB union.  Workers at Best Food Logistics, which is owned by Tesco PLC (LSE:TSCO)'s wholesaling subsidiary Booker, begin voting on strike action today, 28 October 2022, the union said.

Burger King, Pizza Hut, KFC could face shortages as workers at Tesco food supplier arm vote on strike action

Britain's biggest retailer Tesco tried to revive part of its lawsuit against discount supermarket Lidl on Tuesday, telling a London court that its German-owned rival had applied for trademarks for a yellow circle against a blue background in “bad faith”.

Retailers Tesco and Lidl fight over logo's trademark in UK court

Tesco shares have fallen sharply since my last update in June on the back of worsening trading conditions. Profit guidance has been trimmed slightly as a result, although updated guidance remains within the low-end of the previously announced range.

Tesco Shares Go On Sale As Inflation Bites

Shares in the supermarket chain Tesco PLC (LSE:TSCO) were 1.5% higher after an upbeat note from Barclays Capital that provided some support for the stock in the wake of last week's interims. The first-half figures were accompanied by a warning that its operating profit would be towards the lower end of guidance for 2022.

Tesco shares higher after leading investment bank lends its support to the investment thesis

Tesco, the largest grocer in the U.K., is a classic "value" stock and a potential opportunity for investors not bearish on the U.K. Shares fell to a new 5-year low last week after H1 FY23 results, and are at 9.6x FY23 consensus EPS and a 5.8% Dividend Yield.

Tesco: Classic 'Value' Stock With 10x P/E And 5.8% Dividend Yield

Tesco PLC (LSE:TSCO)'s results were still being digested today with US investment bank, Goldman Sachs (NYSE:GS), remaining a fan seeing value in the company despite cutting its forecasts for full year 2024. It said the estimate changes reflected higher wage inﬂation than it had previously forecast following Tesco's wage increase announcement, greater implied gross margin investment and less year on year help from its new cost savings target.

Tesco - Goldman Sachs and Credit Suisse lower 2024 forecasts

Tesco PLC (LSE:TSCO) is planning on cutting hundreds of head office jobs after warning profits would be hit by inflation. UK's biggest retailer is aiming to make £500mln in savings this year, with plans including consultation on 325 job cuts in head and regional office management teams.

Tesco planning to cut 325 executive jobs while raising the pay of its store employees

Tesco PLC. (OTCQX:TSCDF) Q2 2023 Earnings Conference Call October 05, 2022 4:00 AM ET Company Participants Ken Murphy - Group Chief Executive Imran Nawaz - Chief Financial Officer Conference Call Participants Andrew Gwynn - BNP Paribas Exane Rob Joyce - Goldman Sachs James Grzinic - Jefferies Clive Black - Shore Capital Markets William Woods - Bernstein Fabienne Caron - Kepler Cheuvreux Xavier Le Mene - Bank of America Securities Sreedhar Mahamkali - UBS Victoria Petrova - Credit Suisse Nick Coulter - Citigroup James Anstead - Barclays Presentation Ken Murphy Good morning, everyone, and welcome to our interim results presentation. I'm joined here in Welwyn by our CFO, Imran Nawaz.

Tesco PLC's (TSCDF) Q2 2023 Earnings Call Transcript

Results from Tesco PLC (LSE:TSCO) today, and Greggs PLC (LSE:GRG) yesterday, show the battle for consumers in the UK food retail sector remains intense with consumers on the hunt for value and looking to get more for their money as the cost of living crisis accelerates. Shopping habits are changing with consumers buying more own brand goods, buying less in their weekly shop and being prepared to jump around from store to store in a bid to get more with their weekly budget.

Tesco results show changing consumer habits keep high street battle as intense as ever

Shore Capital analyst Clive Black said he thinks pressure on earnings is downward rather than upward at Tesco PLC (LSE:TSCO) following today's half year results and he has lowered his profit forecast for 2024 as a result. Black said he now expects a flat year-on-year outcome in 2024 with his pre-tax profit forecast coming down to £1.94 billion from £2.06 billion but is leaving his 2023 forecast unchanged at £1.98 billion.

Tesco's profit forecasts for 2024 cut by Shore Capital as uncertainties mount

Tesco PLC TSCO, +0.53% said Wednesday that its pretax profit fell in the first half of fiscal 2023 on increased costs, and it backed its guidance for the full year despite post-coronavirus market normalization and customer cost-of-living increases.

Tesco profit falls as costs increase

Tesco PLC (LSE:TSCO), Britain's biggest retailer, forecast that significant cost inflation pressures would mean full year adjusted operating profits will be at the bottom end of guidance between £2.4 billion and £2.5bn. Delivering first half results the group, which has a 27% share of Britain's grocery market said there were “significant uncertainties in the external environment still exist, most notably how consumer behaviour continues to evolve.

Tesco lowers profit guidance on macro concerns

Tesco , Britain's biggest retailer, on Wednesday forecast full-year profit would come in at the lower end of its previous guidance, citing uncertainty over how a worsening cost-of-living crisis will impact consumer spending.

Britain's Tesco trims profit view as shoppers face costs squeeze

Half-year results from Tesco PLC (LSE:TSCO) on Wednesday should provide a more balanced idea of the state of play in the supermarket sector after the past week saw fellow ‘big six' supermarket rival Morrisons blame a profits slump on subdued consumers and unprecedented inflationary pressures. This ramped up uncertainty around the sector and the wider economy, which has far from abated after the government's misfiring 'mini budget'.

News for Tesco PLC Stock (TSCDY)