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).

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 .

lol

I wouldn't be shocked and stunned to see the sp rise up to preliminary results, happens most years, i just can't be arsed this year not to put toooo fine a point on it. Ten year downtrend and every year hope springs eternal for about five minutes. Lob another 100K in TANK fill your boots LOL!!!

12th April.

Sharp drop coming on... 187p now.

Rumours about - Lewis might be leaving.

This is money - Will Lewis hang around? Beady headhunters are already drawing up their lists of replacements for his old Unilever boss Polman, who's rumoured to be nearing the end of his tenure.
Scribbled at the top there's likely to be the previously unknown name of Dave Lewis

Well shock horror sp rising. Guess what first in the que ( bugger to spell ) to short

Qué? You mean Queue or cue :-)

jp closed all its shorts