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).

Proactive investor - The FTSE 100 ended down by 0.9% at 7,118.

The losers were led by Tesco (LON:TSCO) down 4.2% at 197.8p, giving up some of Friday's gains when the stock surged in the wake of news of its planned tie-up with food wholesaler Booker (LON:BOK).

Booker, which owns cash n carry outlets Makro also fell, by 3.5% to 204.86p in the FTSE 250 midcaps index.

Over the weekend, press reports suggested the deal faced a lengthy investigation from competition regulators.

31 Jan S&P Global 200.00 Sell

Is portside1 Tanker on ADFN? If so sounds like his investment in Tesco is hurting. Portside1 writes with an as instead of a has exactly the same as Tanker. He should not say buy, with no facts to hand.

Yes!

Which proves that you should make your own decisions when investing or trading and not be swayed by bulletin boards! Fine for swapping ideas but often rotten for reliable advice.

Exactly. :-))

I thought it was no big deal to him if the sp dropped he would just throw in another hundred grand, win, win as he said. As said before Tesco are desperate and nothing surprises.

Proactive investor -


Tesco to cut 1,700 deputy manager roles at Express convenience stores
Share
14:49 27 Feb 2017
Tesco will replace deputy managers at Express convenience stories with "shift leaders" as part of a major shake-up of the business

Tesco to axe deputy managers at Express stores
Tesco plc (LON:TSCO) plans to axe 1,700 of deputy managers at its Express convenience stores and replace them with lower paid “shift leaders” as part of the supermarket’s restructuring.
The UK supermarket announced the plans in a statement today, saying it will create 3,300 shift leader roles, resulting in a net increase of around 1,500 jobs.
Tesco said the deputy managers will start a 60-day consultation process and will be offered shift leader positions, alternative roles in its other stores or a redundancy.
The decision to replace deputy managers at 1,800 Express stores will result in an increase in the number of staff serving customers on the shop floor.
The news comes after Tesco last month proposed an overhaul of its distribution network that would involve cutting 500 jobs.
Its restructuring is trying to address a fierce pricing war between the UK’s so-called ‘big four’ supermarkets –Tesco, Sainsbury’s, Morrisons and Asda – as smaller discounters, including Lidl and Aldi, take over market share. Adding pressure on the sector, a weaker pound following the Brexit vote has pushed import costs higher.  
In an effort to improve its position in a highly competitive market, Tesco last month agreed a £3.7bn merger with food wholesaler Booker Group for £3.7bn. Booker is the UK’s largest cash and carry operator, supplying items to 700,000 convenience stores, grocers, pubs and restaurants.
Tesco said the deal would create the “UK’s leading food business” and expand its offering beyond its traditional food retail business.
The company reported a £162mln profit before tax in 2016, after suffering a £6.4bn loss a year earlier following a decline in sales and the discovery of a £326m accounting scandal.
Shares in Tesco dipped 0.55% to 188.95p in afternoon trading. 

Cutting staff = poor customer service = loss of customers = gain of customers for Lidl and Aldi.

The percentage of 'British Produce' sold by Lidl is astounding and much higher than its competitors.

Out of of all the supermarkets, Lidl should be the one most worthy of customer support from its support to the British farmers.

That's as maybe, but I have recently been into my local Lidl and won't be repeating the experience. Many of the products are copies of main brands and of very inferior taste & quality, imo. Bread, meat and vegetables seem to be reasonable, but most of the other products I tried were poor imitations.

Aldi boss insists 77% OF UK PRODUCTS ARE UK PRODUCTS

All they're meat products are supposed to come from a certain farm.......... you try and find it. It's a sham farm in name only.

I used their toilet the other day.. but only because I was bursting.

20 Mar
Credit Suisse
160.00
Underperform

(TSCO) - 22 Mar
Goldman Sachs
150.00
Sell


(SBRY) - 22 Mar
Goldman Sachs
205.00
Sell

(MRW) - 22 Mar
Goldman Sachs
190.00
Sell

Tesco's takeover runs into trouble: Top shareholders won't back £3.7bn deal for Booker cash and carry chain 
By Sabah Meddings For The Daily Mail
Published: 21:51 BST, 27 March 2017 | Updated: 21:51 BST, 27 March 2017


Leading shareholders in have called on Tesco bosses to abandon a £3.7billion merger with wholesaler Booker.
Fund giant Schroders, the grocer's third biggest shareholder, and US asset manager Artisan Partners have both delivered a stinging rebuke about the potential deal.
According to Schroders, the high price being paid for Booker will destroy value for Tesco shareholders – and it wants others to speak out.
It is not the first time Tesco has come up against opposition for the mega-deal, which would create a food distribution giant responsible for £53.2billion of annual sales. 

Weeks before the deal was announced, the grocer's non-executive director Richard Cousins surprisingly resigned.
At the time little explanation was offered, but it was later revealed Cousins, who is chief executive of food group Compass, was opposed to the merger. 
He was seen as key in helping the firm trim down the bloated business. But after discovering that Tesco chief executive Dave Lewis wanted to spend billions expanding again, he quit the board.

Now, in the latest attack, Schroders has written a letter – seen by the Daily Mail – to Tesco chairman John Allen urging him to pull out of the merger.
'All management teams believe that their acquisitions will create value,' it said. 'However, there is compelling academic and empirical evidence that, on average, acquisitions destroy value for acquiring shareholders.
'The high price being paid for Booker makes the destruction of value even more likely [than in an average deal].'

Tesco also said it had agreement from the whole board, however Nick Kirrage, Schroders' fund manager, pointed towards Cousins' departure, and said: 'Clearly it didn't. 
'We can imagine how difficult it was for Cousins to resign, surrounded by very senior peers. We would give Richard a huge amount of credit for letting his conscience be his guide.
'Tesco is paying an incredibly high price for the acquisition. History suggests the majority of all acquisitions that go ahead, despite all the optimism, fail to create value for the business. Paying 23 times the peak profit of Booker is too high a price.'
In the merger the firms say that with more buying power, they will be able to get better prices for their customers.
But it will push Tesco back into the restaurant market, just after the supermarket giant sold the Giraffe restaurant chain and the Euphorium bakery business.
Daniel O'Keefe, who manages Artisan's global value funds, told the Financial Times: 'The company basically imploded before Dave Lewis began a journey of simplifying, refocusing on the UK.
'We just don't understand, in a business as fragile as retail, why on earth would we risk distracting ourselves from that huge goal.'
The broadside by Schroders and Artisan Partners makes the Tesco and Booker deal the latest take-over bid to be put under scrutiny. 
Tomorrow the £21billion German takeover of the London Stock Exchange by the Deutsche Boerse is likely to collapse.
Last night Tesco did not respond to requests for comment.

Massive fine

£235m fine

Any Club card points too .