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).

Interim Management Statement.

Chief Executive, Terry Leahy commented:


"Tesco has made a solid start to the new financial year. We're making good progress with our strategy: investing in the shopping trip for customers; driving strong productivity gains; growing space and winning market share. The long-term global recovery is well underway although the pace and strength of economic recovery varies across our markets. We're in good shape and well-positioned to deliver further growth as the economic environment continues to improve."

GROUP SALES

Group sales for the thirteen weeks ending 30 May 2010 increased by 8.2% driven by all parts of our strategy. Growth excluding petrol was 6.9%.

i'm still holding but only only because i sold half higher albeit at a loss.price may recover, or it may not. my stop loss is still sitting there just waiting to be hit.had it happened today i wouldnt have been surprised, as it is it hasnt Yet.
regards
jkd

I'm now short @399.65

s
good luck to you. thats what makes the markets. we do have a Potential outside reversal day building at present. and i stress potential for there is still a while to go before close.
i think the candlestick followers have another name for it but it is far from complete.
be careful, as i am, and good luck.
regards
jkd

SBRY report tomorrow.

s
TSCO reported TODAY :-)
regards
jkd

11 million buys 2.8 million sells and where is Tesco SP down again

Yes - I'm thinking of closing my short :-)

Just closed + 7ish

What is wrong with bloody Tesco, pissing me off now, but if I sell you can bet it goes up. Only got 15,000 worth now worth 13,200

There seem to be quite a few negative news items which may be affecting short term confidence on TSCO, particularly the floatation of Ocado & the pay revolt by investors.
The board changes would also worry the institutional investors, imo, as they will wait to see if the direction from the top remains as strong as when Terry Leahy was in charge.
Brokers seem to be reasonably upbeat though, with price targets around the 500p level.

Reuters:
"The retailer could face a revolt over executive pay after investor lobby groups urged shareholders to vote against the company's remuneration report at its July 2 annual meeting."

"The group says it has moved to implement its long-term succession plan, with Philip Clarke succeeding Leahy and a number of other board changes."

"The supermarket Tesco (TSCO.L) has discontinued its 1.6 million pound libel claim against the Thai intellectual and Bangkok Business News columnist Kamol Kamoltrakul, who had previously criticised the undercutting of smaller local businesses in the country by Tesco's subsidiary Tesco Lotus."

"Online grocery delivery company Ocado is expected to announce its intention to float on the stock market next week."

Thank's for that Harry I suppose I will hang on

Tesco buys back debt
StockMarketWire.com
Supermarket giant Tesco has bought back 980,187,391.28 of debt through a modified Dutch auction.

This comprised 418,889,387.17 in respect of sterling notes accepted for purchase and 673,557,604.93 for Euro notes.

The settlement date is expected to be 24 June



Story provided by StockMarketWire.com

Tesco's UK Grocery Market Share Steady At 30.8% In 12 Weeks -Kantar
Sainsburys (LSE:SBRY)
Intraday Stock Chart
Today : Tuesday 22 June 2010
The U.K.'s biggest retailer by sales Tesco PLC's (TSCO.LN) U.K. grocery market share was held at steady 30.8% in the 12 weeks ended June 13, according to Kantar World Panel market share data Tuesday.

The nation's second biggest retailer, Asda Group Ltd., saw its market share slip to 16.7% in the 12 week period from 16.8% a year earlier. Asda is a subsidiary of the world's biggest retailer Wal-Mart Store Inc. (WMT) of the U.S.

J Sainsbury PLC (SBRY.LN) remained in third spot with a market share of 16.2% over the 12 week period to June 13 from 16.1% a year earlier, according to Kantar.

William Morrison Supermarkets PLC (MRW.LN) saw its market share rise to 11.9% from 11.6% according to Kantar, which monitors the household grocery purchasing habits of 25,000 demographically representative households in the U.K.

Discount retailers Netto and Lidl's market shares remained steady at 0.7% and 2.3% respectively, while Aldi's share rose slightly to 3.1%, from 2.9% a year earlier.

"The figures demonstrate the ongoing premiumization of the grocery market, with shoppers continuing to trade up as the gloom of the recession tails off," Kantar said, adding that shoppers are reaching for premium ranges such as Tesco Finest and Morrisons' The Best.

"Furthermore, Waitrose continues to see a remarkably consistent share growth from a low point of 3.6% in November 2008 to a current 4.2%," Kantar said.

What is wrong with this stock, it is doing my head in tipped everywhere as defensive
but still going down most days. Defensive my ass.

What astounds me is that it is full of punters most times. They should start charging for the car park it is allways full, maybe they should have a jewish food isle like the poland food isle.

C3509
im still 50% long, having already banked a loss but waiting for stop to be hit soon.guess i may just have to put this on my list of wronguns. we all have em. and mine is a long one. im still hanging in there though, against my better judgement but will let my stop loss and money management do the walking.
i dont want to panic, or if i do, then i want to do it quick or not at all, GULP! might be too late for that.maybe ill turn into a long term investor in this? but only if i interfere with my stop loss and money management, which i have no intention of doing
good luck to you.
regards
jkd

Moving like most others with our cousins over the water calling the shots as usual.

Big selling. I think there will be a bounce up Friday. On saying that I hate Friday's

Mwa Mwa

i'm still holding these. not looking good for my stop loss . but thats what its there for.
fear the worse. but thats my plan.
regards
jkd

i'm still holding these. stop loss has survived, and now looking very hopeful that i may do so also.i havent added or reinstated yet as my money management will not allow.(i'm still sitting on a loss here) and have no wish to chase my losses.
good luck to all holders.
regards
jkd
edit:- no wish to chase my losses means to me " to average down " i just cannot and will not do it.but thats just me and my opinion. as always please DYOR on this subject.