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, the world's third-biggest retailer, said on Friday UK Chief Operating Officer Noel Robbins did not know about the imminent profit warning when he sold around 202,000 pounds of shares and neither he nor the company had broken any rules.

:-))

lol worral thompson recipes... TAKE two eggs, add a PINCH of salt et cetera lol and sleep with your mates wife - its a steal...... LOL

someone else's view :

http://www.huffingtonpost.co.uk/2012/01/11/antony-worrall-thompson-the-lambshank-redemption_n_1198491.html

he may not have "known" but as COO he would or should have had a damn good idea of what the numbers would be like, not least because it is certain that there would have been monthly management accounts or similar, and these would have been discussed at board level, especially at y/e

Chief operating officerFrom Wikipedia, the free encyclopediaJump to: navigation, search
A Chief Operating Officer (or Chief Operations Officer; COO) or Director of Operations (or Operations Director) can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite". The COO is responsible for the daily operation of the company,[1] and routinely reports to the highest ranking executive, usually the Chief Executive Officer (CEO).[2] The COO may also carry the title of President which makes him or her the clear number-two in command at the firm, especially if the highest ranking executive is the Chairman and CEO. In some cases, the duties of COO may be carried out by a sub-C-Suite executive such as a Director of Operations, Operations Director, Vice-President of Operations, or Executive Director.

If he did not know the figures, he should be shown the exit.

he would of known for sure impossible for him not to - if he didnt which i dont believe he must have had his had his head stuck up his backside - the guy knew simple and if he didnt what was he doing there - twiddling his thumbs?! hmmmmmmmmm - on second thoughts...................

Agree gibby, hes like a rabbit been caught in the headlights. Off with his head. :-))

correct :-))))

'

Alright DC, just this once then, anything for a quite life.. I have a very close family member who used to work with the board.

Meant to put a board not the board, so pushed the edit button, thought thats what its for.

creeping back up today, 317p

slow but surely

Brokers' round-up, downgrade for Tesco and Sainsbury
StockMarketWire.com
Berenberg downgrades Tesco from buy to hold, target price cut from 490p to 360p.

Numis Securities upgrade TP 385p :-)

360.0 will do for me, could be a long wait though :O)

But relish the thought of all those rising dividends, Chris

380 be nice

crikey look at tsco sp - maybe worral thompson took more cheese than we realise???!!!

might even break 320 here tomorrow!! :-))

gibby please don't say those magic words (not) "I wouldn't want to be out of these overnight" :O)

well i wouldnt lol!!!