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.

J Sainsbury PLC

Asda has followed rival major supermarkets Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) in announcing cuts to bring many product prices in line with those seen at Aldi and Lidl. Some 287 products will be cut in price by an average of 17%, Asda announced on Friday, “to match whichever discounter has the lowest price on these products”.

Asda follows Tesco and Sainsbury's in matching discounter prices

Tesco PLC (LSE:TSCO) is expected to report a strong end to 2023, according to analysts at stockbroker Jefferies.  The investment banking firm painted a picture of a ‘cool, calm and collected' grocer that has entered the new year on a ‘sure footing', in its latest analysis of the company on Thursday.

Tesco enters 2024 'sure-footed', says Jefferies

Tesco PLC (LSE:TSCO) is due to release its financial results for the Christmas trading period and third fiscal quarter on Thursday.   Investors will be looking to see how the supermarket fared in the battle of the grocers over the traditionally fruitful Christmas period.

Tesco staves off fly in the ointment over festive period

German-owned discounters Aldi and Lidl, No. 2 player Sainsbury's , and market leader Tesco were the biggest winners among British supermarkets at Christmas, according to industry data published on Wednesday.

Discounters, Sainsbury's and Tesco are UK Christmas winners - Kantar

Tesco's share price has hit a 52-week high, outperforming the FTSE 100 by a third. The company has achieved impressive sales and profit growth, generating strong cash flows. Tesco's market share continues to expand, surpassing its competitors.

Tesco Is Enjoying A Rare Moment

Tesco PLC (LSE:TSCO) has recalled a premium stuffing mix from its line as it could contain moths.   That's right, you read that correctly: moths.

Every little helps: Tesco gives you extra

A gap is growing between winners and losers in UK grocery and will be a key feature of Christmas 2023 trading suggests Shore Capital's Clive Black. UK grocery and the food and beverage (F&B) channel should do well, with market researcher Nielsen suggesting a grocery retail outlay of c£5bn, which would be an all-time record.

Tesco, Sainsbury tipped to boost market share further over Christmas

Tesco (LON: TSCO) share price is having a spectacular year as it approaches $300. The stock was trading at 287.70p on Friday, 55% above the lowest level in 2022.

Tesco share price has more upside: Goldman, UBS, Barclays

SAN DIEGO--(BUSINESS WIRE)--MANSCAPED®, the global men's grooming company and lifestyle consumer brand, today announces its launch in Tesco UK, after its successful debut in Tesco Ireland, MANSCAPED is bringing its highly sought product mix to discerning shoppers in the UK. As MANSCAPED's second retail stockist in the region, following leading pharmacy-led health and beauty retailer Boots, Tesco will stock an assortment of the brand's premium grooming tools and formulations in 337 locations acr.

MANSCAPED® Launches in Tesco Stores Across the United Kingdom

Jeronimo Martins SGPS SA

Investors interested in stocks from the Retail - Supermarkets sector have probably already heard of Tesco PLC (TSCDY) and Jeronimo Martins SGPS SA (JRONY). But which of these two stocks presents investors with the better value opportunity right now?

TSCDY or JRONY: Which Is the Better Value Stock Right Now?

Tesco PLC (LSE:TSCO) led the FTSE 100 fallers on a buoyant day for the index after JPMorgan moved the food retailer to ‘underweight' from ‘neutral'.  The investment bank downgraded the sector in September based on disinflation triggering lower like-for-like sales, impacting margins and valuations.

Tesco at risk of sales and margin hit from disinflation, broker

British grocery giant Tesco is trying out a new, more frictionless type of self-service kiosk, as grocers around the world are trying new ways to save on cashier labor and boost store efficiency. The United Kingdom grocer announced Thursday (Nov. 23) that it is adding scan-free kiosks to its Tesco Fulham Reach Express store.

Tesco Adds Scan-Free Kiosks as Grocers Try New Self-Checkout Systems

Halfords Group PLC (LSE:HFD), the bike retailer, is dishing out £60,000 over the next two years to help police in the UK fight shoplifting. Joining retail peers like Tesco, John Lewis and Sainsbury, the London-listed firm's donation will help fund police analysts and intelligence officers who fight organised shoplifting gangs.

Halfords joins John Lewis and Tesco in fighting shoplifting

Tesco PLC (LSE:TSCO) is trialling scan-free shopping at a London store, with customers able to walk in, pick up their shopping and pay without having to worry about barcodes or apps. Shoppers at Tesco's Fulham Reach GetGo store will now be able to get their weeks shopping armed with only a bank card and carrier bag.

Tesco trials scan-free shop; no devices required

Barclays

Barclays is reportedly considering the acquisition of Tesco's banking operations.  Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as part of its efforts to downsize its financial services footprint, Reuters reported Friday (Nov. 17), citing unnamed sources.

Report: Barclays Makes Indicative Bid for Tesco's Banking Business

Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters.

Exclusive: Barclays explores deal for Tesco banking business - sources

Tesco PLC (LSE:TSCO) appointed former Aldi boss Matthew Barnes to head up its UK operations on Thursday, leaving investors questioning whether he could one day be the successor to top dog Ken Murphy. Jason Tarry, Tesco UK's current CEO, will step down from his role in March 2024, having worked at the supermarket company for over three decades, six years of which was as boss of British operations.

Tesco appoint former Aldi head as UK boss

Police in the UK are cracking down on shoplifting after government ministers revealed plans to a create a “zero tolerance” plan was being implemented to help fight against the organised crime gangs which are driving the epidemic. Incidents of shoplifting have rocketed by around 25% year-on-year and with upwards of 1,000 offences occurring everyday police chiefs are planning to unveil plans to tackle the issue at a summit at Downing Street, reports from the Sunday Times revealed.

John Lewis, Tesco and Sainsbury's fund shoplifting crackdown

Tesco (LON: TSCO) share price retreated sharply this week as the recent momentum faded. The shares crashed to a low of 272p, much lower than this month's high of over 284p.

Tesco share price outlook: rating upgrade as positive patterns form

A petition set up by a Tesco PLC (LSE:TSCO) worker urging the government to make any form of violence or abuse against retail workers a distinct criminal offence has garnered over 12,500 signatures. It is mandatory for the government to provide an official response to any petition which receives more than 10,000 signatures, and those that reach 100,000 must be discussed in Parliament.

Tesco workers rally to tackle in-store violence

Tesco PLC (OTCPK:TSCDF) Q2 2024 Earnings Conference Call October 4, 2023 4:00 AM ET Company Participants Ken Murphy - Group Chief Executive Imran Nawaz - Chief Financial Officer Conference Call Participants Andrew Gwynn - BNP Paribas Exane Clive Black - Shore Capital James Grzinic - Jefferies Izabel Dobreva - Morgan Stanley James Anstead - Barclays Sreedhar Mahamkali - UBS Nick Coulter - Citi Paul Rossington - HSBC Ken Murphy [Commercials] Good morning, everyone, and welcome. Imran and I are delighted to present our Interim Results to you this morning.

Tesco PLC (TSCDF) Q2 2024 Earnings Call Transcript

Tesco on Wednesday posted an almost 9% uptick in sales following a successful push to poach customers from more expensive rivals.

Tesco sales climb after discounting

Tesco PLC (LSE:TSCO) lifted its full-year profit guidance on Wednesday but analysts at Shore Capital believe that should the average customer's economic situation continue to improve more upgrades should follow. Raising operating profit forecasts from £2.5 billion to between £2.6 billion and £2.7 billion, Tesco's increases have led analysts at the London broker to up full-year pre-tax profit guidance by 3%.

Tesco profit upgrade not the last, says analysts

Tesco PLC (LSE:TSCO) raised its profit guidance for the year after a strong first half and signalled it expects food inflation to fall in the second half of the year. The grocer now expects retail adjusted operating profit between £2.6 billion and £2.7 billion for the 2023/24 financial year, ahead of previous guidance of £2.5 billion.

Tesco raises profit outlook after strong first half

Tesco (LON: TSCO) share price has pulled back in the past few days as traders wait for the upcoming interim results. The shares retreated to a low of 259.1p on Tuesday, sharply lower than the year-to-date high of 277.7p.

News for Tesco PLC Stock (TSCDY)