heavy buying yesterday results 30th june profit making from its 3 subsidiaries one being toluna who reported a massive inrease in profits.this news yesterday from our american partner is massive considering the partnership has only been going a few months.ive been informed a re-rating on tueday after results.4m profit at interims with cash at hand.

this stock is right under the radar people either did not read the full rns or missed the part about the fact that we fully own kss retail and the contract is with the kroger company and dunnhumby is a subsidiary of tesco when pi,s wake up and see this a company maker

200k late buy just through on lv 2

200k? Wow. Tesco have 8 billion shares in issue, you're not trying to ramp TESCO are you??

no and another rns out today. evt own toluna who have just maid an acquisition

Tesco remains confident despite falling sales in Britain



Richard Tyler, 8:16, Sunday 2 October 2011

Tesco (LSE: TSCO.L - news) is expected to say it can "tough" out falling UK demand for its groceries and household goods this year when it posts its weakest core UK sales for decades this week.

The supermarket giant, which has around 30pc of the grocery market in the UK, is forecast to reveal that like-for-like UK sales, excluding fuel and VAT, fell between 0.5pc and 2pc over its second-quarter trading.

This follows a 0.1pc fall in the first quarter and highlights the impact of falling household disposable incomes on it and other supermarkets. Rival Sainsbury (LSE: SBRY.L - news) 's is also expected to reveal weak sales growth in a trading update on Wednesday. Analysts forecast flat like-for-like sales growth over the 16 weeks to October 1, when the VAT rise and fuel sales are excluded.

However, Tesco's expansion overseas over the last 15 years means it is less reliant on the UK. It is forecast to increase its total trading profit by around 7pc to 1.8bn over the six months to the end of August.

City analysts believe the new Tesco chief executive, Phil Clarke, has scaled back plans to roll out new stores in the UK over the next four years as he focuses on price cuts and further international expansion. Mr Clarke will also update investors on the chain's 500m "Big Price Drop" initiative across 3,000 products, which some analysts have labelled "underwhelming" as customers have seen volume promotions withdrawn to pay for the cuts.

A shopping basket of 33 goods in a price test by BrandView at the end of last week found that Tesco still came out more expensive than at Asda (NYSE: WMT - news) and Sainsbury's.

However, Clive Black, an analyst at Shore Capital, said Tesco was "rationally toughing things out" by focusing on competitive food pricing and improving the "disappointing" performance of its household goods sales.