Streetbeat News

TSCDY

Tesco plc

https://www.tescoplc.com

CEO

David Lewis

Open

14.34

Mkt cap

33B

Volume

26K

High

14.40

P/E Ratio

14.05

52-wk high

14.85

Low

14.33

Div yield

0.03

52-wk low

10.36

Tesco PLC has repurchased and canceled €38 million in bonds, highlighting its strong balance sheet and cash flows, according to Shore Capital Markets' Clive Black.

Portfolio Pulse from

December 10, 2024 | 4:00 pm

Tesco PLC has achieved its highest grocery market share since December 2017, growing to 28.1% as sales increased by 5.2% in the 12 weeks to December 1, 2024.

Portfolio Pulse from

December 10, 2024 | 9:45 am

Tesco and Sainsbury's stocks rose after JP Morgan upgraded both from 'underweight' to 'overweight', indicating potential growth in the UK's food retail sector.

Portfolio Pulse from

November 28, 2024 | 10:00 am

CTP has completed a new 100,000 sqm logistics centre in Hungary for Tesco, aimed at improving efficiency and reducing carbon emissions.

Portfolio Pulse from

November 28, 2024 | 6:15 am

Shore Capital analysts predict Tesco PLC will face a £250 million increase in costs due to tax hikes in the recent Budget, following Asda's warning of price hikes.

Portfolio Pulse from

November 11, 2024 | 11:30 am

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.