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).

I agree cynic. Making the right noises and sp has had a good run from the lows. On watch list. Despite the sudden upturn I'm still reluctant to buy anything let alone these till after the referendum.

6% down.

Obvıously profıts not good enough for such a domınant player!!!!!

Reckon as always....selling overdone and believe -6% today will be +2/3% manana.
(seen it done it)

Reckon as always....selling overdone and believe -6% today will be +2/3% manana.
(seen it done it)

brokers analysis wasn't very keen

Overall, Tesco’s operating profit reached £944m in FY16 vs. £936m for
Bloomberg consensus and ~£940m Tesco guidance (with proceeds in excess
of that meant to be reinvested in its customer proposition). UK & ROI EBIT
came in a touch above expectations, as did Tesco’s International business
(helped by still strong top line trends, but also the release of the Hungarian
retail sales tax provision). Tesco Bank however was further hit by lower
interchange fees and came in below expectations. Further down the P&L, net
finance costs increased YoY to £643m, impacted by net pension costs.

Valuation: As of yesterday’s close price, and on consensus CY16 numbers,
Tesco is trading on EV/EBITDA and P/E multiples of 10.0x and 23.8x. This
compares with 7.7x and 18.4x respectively for the European food retail sector.

The supermarket giant reveals pretax profits of £162m for year to February and the shares fall 6%. Profits could well fall back into a loss. Going to need large price cuts to match the discounters. They are not making enough profit to cut prices. I think the company is being talked up, does the city as well?

i think supermarkets as a sector are worth avoiding

I also see there are staff strikes today, due to Tesco trying to cut the pay of some staff that joined pre 1996.

cut the pay of some staff that joined pre 1996

Is that how you reward 20 years servıce?

Yep disgusting . What is that going to make the company , another couple of hundred grand. You will be walking into the shops with no lights on soon. They sound desperate .

A Tesco shopper has been awarded £1.1m in compensation after slipping on grapes inside her local store.

She has sued Tesco after suffering severe back injuries when she slipped in the fruit section of the supermarket.

She was awarded €1.4m damages after the retail giant admitted liability on the first day of a court hearing.

Ah! that will the Litigation Society.. started in Gun Nutter land and followed over here now.. UK citizens fall for it again sadly.

its time to buy 265p is coming dyor

Just seen the compensatıon for slıppıng on grapes.

Wont bother buyıng the stock. Off to the Express to fınd somethıng to trıp over on!!!!

265 is coming, what year ?

Still losing sales.

Tanker,

I think you're about £1 out. I can see 165p coming.

1 Jun HSBC 275.00 Buy

Just cannot see it. I read that by 2020 with market share and new build stores, Aldi and Lidl will be classed with the other 4 supermarkets as the big six. Surely with every new store opening, Tesco will come under future pressure.

time to buy .

They are being talked up by the brokers. :-)) Dave is not moving fast enough.