Streetbeat News

TSCDF

Tesco plc

https://www.tescoplc.com

CEO

David Lewis

Industry

Supermarkets and Other Grocery (except Convenience) Stores

Open

4.25

Mkt cap

29B

Volume

300

High

4.33

P/E Ratio

12.37

52-wk high

5.22

Low

4.25

Div yield

0.04

52-wk low

3.45

Several companies have made significant announcements. Google has criticized India's antitrust body for allegedly favoring Amazon. Samsung Electronics expects a 96% drop in Q2 profit due to an oversupply of chips. General Motors anticipates compliance challenges with new EPA emissions rules. Tesco plans to offer virtual GP appointments to its UK staff. Exxon anticipates a decrease in Q2 earnings due to lower natural gas prices and refining margins. Stellantis will resume construction at its battery plant in Windsor, Canada. Fidelity National is selling a 55% stake in Worldpay to GTCR. Bank of America plans to increase its dividend by 9%. Coty has raised its Q4 and FY23 outlook due to strong demand. Genius Sports has extended its deal with the NFL. Marathon Digital's June Bitcoin production has increased by 599% Y/Y. Buckle has reported a decline in June sales. Alibaba and other Chinese stocks are trading lower due to signs of a slowdown in mainland China. JetBlue plans job cuts in New York and Boston but assures no furloughs.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 1:34 pm

Tesco plc, Britain's largest private-sector employer, plans to provide its 310,000 U.K. workers with virtual appointments with a private family doctor. This move is in response to Britain's tight labor market and the strain on the National Health Service (NHS) due to the COVID-19 pandemic and an aging population. The new employee benefits package will also extend to their families, offering unlimited appointments with a general practitioner (GP) seven days a week.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 11:44 am

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