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).

Tesco merger is a failure for holders . vote it out but it may not happen CMA to put
to tell Tesco to sell hundreds of stores making it worthless

Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.  Neither Tesco nor any of its affiliated companies undertakes any obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

All the big name retailers seem to be gradually changing direction.

eg. Even M&S are talking about getting out of 'womens' fashions'. Hmmm?

Tesco merger is bad news cma will take the decision to make Tesco sell off loads of high street stores making the deal crap

dave lewis must be removed

SO TESCO ONE OF THE VERY SHARES OUT OF 250 DOWN TODAY AGM GAVE OUT NO GOOD INFO , CAN NOT BELIEVE D/L IS STILL THE CEO SOON WILL BE GOING INTO IS 4TH YEAR STOPPED THE DIV SO IT IS GOING TO BEANOTHER YEAR GONE BY WITH NO TALK OF DIV BUT MAY PAY OUT 1P IN JULY 2018

the only share down today , when are investors going to get good news

19 Jun
Bryan Garnier
170.00
Sell

19 Jun
HSBC
260.00
Buy

I think today's negative for this stock is the rumour that Amazon may possibly bid for Ocado, putting more pressure on margins within the fresh food sector.

Lidl, and Aldi are doing the damage. Amazon, hmmmm not sure . Needs to be a pretty polished outfit. Just take a look at the awards these stores are winning. Ordering food online, you do not see the quality/ size etc, before it is delivered . My view only, they are 5 years to late. You can whip round Aldi in 20 mins, no queues.

Laureenrose what good news are you looking for? I cannot see any, only going to get worse.

Broker Forecast - HSBC issues a broker note on Tesco PLC
BFN
HSBC today reaffirms its buy investment rating on Tesco PLC (LON:TSCO) and cut its price target to 225p (from 260p).

Director Deals - Tesco PLC (TSCO)
BFN
John Allan, Chairman, bought 20,000 shares in the company on the 19th June 2017 at a price of 171.03p. The Director now holds 253,951 shares representing 0.00% of the shares in issue.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Interim result Wed 4th. Wee punt long on the spreads 188.04 initial target 200p tight stop.

Macquarie Outperform 187.90 250.00 250.00 Reiterates

HSBC Buy 187.90 225.00 225.00 Reiterates

Credit Suisse Underperform 187.90 145.00 140.00 Reiterates

:-)) lol


2 Oct
Macquarie
250.00
Outperform

Market buzz- TESCO RESULTS

Tesco's shares have reached a five-month high in the run-up to these interim results, with anticipation that the grocer's dividend will return outweighing some negative broker coverage in recent days.

In June, the FTSE 100 group released a first-quarter trading update that showed a sixth consecutive improvement in like-for-like sales in what was its best quarterly gain for several years.

Like-for-like sales growth of 2.3% was a tad ahead of the City consensus, while overall group LFL sales growth of 1% reflected international sales that were 3% lower, dragged down by the poor performance in Asia, particularly Thailand.

Any shareholder returns are likely to be limited, said analyst Neil Wilson at ETX Capital.

"Nevertheless dividends would be a clear sign to the market that the Dave Lewis turnaround is firmly entrenched. Meanwhile with the Booker 'merger', Amazon's encroachment on the grocery market, an embarrassing fraud trial and the ongoing hit from discounters, there should be plenty for investors to chew over."

An update on the Booker deal would be welcome but this is really a distraction from the real business of turning Tesco around. The lukewarm reaction to the deal - shares are flat since it was mooted - reflects the fact that this is a diversion from the main task at hand. If the CMA blocks it it's hard to see many investors shedding a tear.

For the interims, UBS was looking for UK & Irish like-for-like sales up 2.4%, with 2.7% UK LFLs in the second quarter following 2.3 in the first.

Asia is likely to remain impacted by discontinuation of unprofitable bulk-pallet sales in Thailand, while Europe should return to growth with turnaround efforts in Poland.

With Tesco giving mid-term EBIT margin guidance of 3.5-4.0%, UBS forecasts group earnings before interest and tax of £704m, a margin of 2.48%.

Deutsche Bank forecast EBIT of £713m or a group 2.5% EBIT margin, feeding to earnings per share of 4.7p, up 27%.

"We expect an update from the result of the triennial actuarial pension review. The accounting pension deficit increased materially from £3.2bn to £5.9bn at the interim
results last year," said Deutsche, assuming no change in the currently agreed £270m per annum contribution to reduce the deficit.

"When Tesco announced the Booker acquisition, it also said it would recommence paying dividends in respect of the financial year 2017/18," analysts added, expecting an interim dividend of 1.05p to be declared, representing 30% of a full year expected DPS of 3.5p.

Staggering the quote from above , the huge pension deficit,


"We expect an update from the result of the triennial actuarial pension review. The accounting pension deficit increased materially from £3.2bn to £5.9bn at the interim
results last year," said Deutsche, assuming no change in the currently agreed £270m per annum contribution to reduce the deficit

Positive sales2 and profit3 growth, strong cash5 generation
· Group sales2 up 3.3% to £25.2bn - seventh consecutive quarter of growth

· UK like-for-like sales7 up 2.2%; transactions up 0.4%; volumes8 up 0.3%

· Strong fresh food volume growth in the UK of 1.5% driven by ongoing improvements in our offer

· Group operating profit before exceptional items3 up 27.3% to £759m; UK & ROI up 21.1% to £471m

· Group operating margin3 up to 2.7% from 2.2% last year; on track for 3.5-4.0% ambition by 2019/20

· Improved profit margin in Central Europe (up 132 basis points) and in Asia (up 146 basis points)

· Retail operating cash flow5 up 19.3% to £1.1bn; Retail free cash flow5 of £586m

· Triennial pension review concluded; annual contributions to increase by £15m to £285m from April 2018

· Interim dividend of 1.0p per share reflects improved performance and Board confidence
· Statutory revenue up 3.7% to £28.3bn; Profit before tax up £491m to £562m
Further progress against each of our six strategic drivers
· Brand health9 continues to strengthen; voted 'Britain's favourite supermarket' for 3rd consecutive year10

· Further cost savings of £259m achieved in 1H towards the £1.5bn medium-term target; £485m to date

· Generated £1.1bn of retail operating cash5; £237m underlying working capital11 inflow

· Improving the mix across geographies and channels; 1.6% like-for-like sales growth in our UK Extra format

· Released a further £175m value12 from property; 50 sites sold; 0.4m sq. ft. space re-purposed

· Innovations including launch of contactless Clubcard; nationwide roll-out of same day delivery service; further 807 new products introduced

Dave Lewis, Chief Executive:
"We are continuing to make strong progress. Sales are up, profits are up, cash generation continues to strengthen and net debt levels are less than half what they were when we started our turnaround three years ago. All of this is possible because of the focus we have placed on serving shoppers a little better every day. Our offer is more competitive and more customers are shopping at Tesco.
Today's announcement that we are resuming our dividend reflects our confidence that we can build on our strong performance to date and in doing so, create long-term, sustainable value for all of our stakeholders."

Serving Britain's shoppers a little better every day

Like-for-like sales performance7


1H
2016/17
2H
2016/17
FY
2016/17

1Q
2017/18
2Q
2017/18

1H
2017/18
UK & ROI
0.6%
1.1%
0.9%

2.2%
2.1%

2.1%
UK
0.6%
1.2%
0.9%

2.3%
2.1%

2.2%
ROI
0.2%
(0.4)%
(0.1)%

0.2%
2.0%

1.1%
Central Europe
2.0%
(0.1)%
0.9%

(0.4)%
0.6%

0.1%
Asia
3.2%
0.4%
1.8%

(6.0)%
(10.7)%

(8.3)%
Group
1.0%
0.9%
1.0%

1.0%
0.6%

0.8%