Tesco is one of the worlds leading international retailers. Since the company first the trading name of Tesco, in the mid 1920s, the group has expanded into different formats, different markets and different sectors. The UKs leading retailer Tesco was floated on the stock exchange in 1947 and in 1995 took over rival Sainsburys position as the UK number one. The principal activity of the group is food retailing, with over 2,000 stores worldwide. Tesco has a long term strategy for growth, based on four key parts: growth in the Core UK business, to expand by growing internationally, to be as strong in non-food as in food and to follow customers into new retailing services. The company launched a home shopping service in 2000, allowing customers to order their shopping online. Tesco is now expanding its convenience stores and overseas into areas such as Taiwan, Malaysia, Poland, the US and Ireland.

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

Closed @ 406.0 +22.6

Well done - now work the same magic into lloy please.

Thanks kernow, wish I could mate :O)

Limit Buy left @ 412.0 Tgt 420.0 Stop 406.0
Limit Sell left @ 398.0 Tgt 383.0 Stop 406.0 Spred bets.

Confident that you have made the right decision then CC? !!!!!! ;o)

Nope!

Thursday's trading update from Tesco should also give a good insight into what sort of Christmas the supermarkets can expect.

Thursday December 8 =

The last time Tesco updated the market it announced that its UK like-for-like sales had fallen for the first time in 20 years. This time Britain's biggest retailer will be hoping to post an increase in sales, though analysts are not convinced.

Either way, the spotlight will be on Tesco's "Price Drop" campaign, and whether it has persuaded customers to put more items in their baskets.

Analysts forecast sales at British stores open over a year, excluding fuel and VAT sales tax, in a range of down 1.0pc to up 0.5pc for the 13 weeks to November 26

David Potts, Tesco's CEO in Asia, is to retire next June.

He has been with the UK's leading supermarket company for 39 years.

Mr Potts is being replaced as CEO Asia by Trevor Masters, who currently leads Tesco's business in Europe. The new CEO in Europe will be Gordon Fryett who will do the job alongside his existing Group property responsibilities.

Limit sell triggered @ 398.0, before you ask Harry no I am not very confident of this trade either, any sort of rally tomorrow stop loss will get blown up we'll see :O)

It was just that you last opened both a sell & a buy as a hedge, hence the question. Quite clearly confidence has soared as you are now not hedging!!!

Sorry Harry misled you there I call Buy and Sell orders Limits. When i closed my position @ 406.0 on the 1st wasn't sure whether sp was going to continue going up or drop. (to be honest still not sure, should have moved on) so figured if it could breach 410.0 then 420.0 was a likely target, obviously if it dropped below 400.0 would probably retrace, hence the orders 412.0 to buy and 398.0 to sell. Latter triggered today @ 1259hrs on Cap Spreads platform.

Stop to entry for risk free trade.

Interim Management Statement.

Unless it was priced in yesterday, your short looks good Chris (I'm still long).

Stopped out @ the open skinny 399.20 :O) It was a punt though, so sooner that than sp opening 10 -15 points higher.

That's unfortunate - currently @390.4. I managed to take 12 from STAN in the opening few minutes - I thought their Update looked better.

Good one skinny, would have hit my target 391.0 Limit, may well go back in if it gets over 400.0 but tempted to just move on. BA. going well.

Tesco UK sales down for 4th quarter in a row


{ 7:10, Thursday 8 December 2011

LONDON (Reuters) - Tesco (LSE: TSCO.L - news) , the world's No. 3 retailer, posted a drop in underlying British sales for the fourth quarter in a row on Thursday, overshadowing a more solid performance in its overseas markets.

The firm, which takes about one in every 10 pounds spent in British shops, said sales at British stores open over a year, excluding fuel and VAT sales tax, was down 0.9 percent in the 13 weeks to November (Stuttgart: A0Z24E - news) 26, Tesco's financial third quarter.

That compares with analyst forecasts in a range of down 1.0 percent to up 0.5 percent and was unchanged from the drop of 0.9 percent in the second quarter.

Tesco, which trails France's Carrefour (Euronext: CA.NX - news) and U.S. leader Wal-Mart by annual sales, makes around two thirds of its sales and three quarters of its profit in Britain.

It said it was making good progress in the third quarter against the background of challenging conditions for consumers.

"We are performing broadly in line with market expectations for the group and the outlook for the year as a whole remains unchanged, ahead of the important seasonal trading period," it said.

The group has suffered in the economic downturn more than its main British supermarket rivals, in part because it sells more discretionary non-food goods where shoppers have been cutting back most.

Tesco hit back in September, cutting prices with a 500-million-pound investment.

Third quarter group sales including fuel rose 7.2 percent. The international business excluding fuel and on a like-for-like basis was up 1.1 percent.

(Reporting by Kate Holton and James Davey)

Have to think if it was going to tank, today was the day. January time to go short. In the meantime Buy order left (don't want you getting confused Harry :O). ). SB @ 402.2 tgt 420.0 stop 397.0