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).

will continue to hold as the run up to xmas may bouy the sp.,.

Upward trend is here?

in profit now, will continue to hold as i said before. reckon will be good on run up to xmas.

Oh great....Ugh.....we've now started talking about Christmas. How many shopping days left????????? ;o)

Harry - hope this helps :-)

where we are there has been a very noticeable decline in footfall at most supermarkets, so don't hold your breath, they are not having a good year.

You might as well accept it harry, xmas is coming and the goose is getting fat, please put several thousand pounds in tone's hat.,.

Christmas.. Which one? -):

340 & 200ma beckon.

up again..... £4 acomin.,.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9476456/Tesco-shows-signs-of-recovery-as-sales-rise.html

And there is 340 & 200ma.

rub hands with glee, onwards and upwards.,.

;)

Into a nice chunk of profit now 8) Lets hope their new marketing campaigns continue to pay dividends into the Xmas period.

RNS

4 September 2012

TESCO PLC

Tesco acquires eBook provider Mobcast

Tesco has acquired Mobcast, the award-winning digital book platform provider. The purchase price is GBP4.5 million.

The acquisition further strengthens Tesco's digital entertainment offer, following the purchase of movie and TV streaming service blinkbox in 2011 and personalised internet radio service WE7 in June 2012.

For more information visit: www.tescoplc.com

Mind the gap.

Nice break out above the 200 ma

I'm hoping the gap's going to be filled soon!

LONDON (SHARECAST) - The Independent's Investment View column recommended to 'steer clear' of supermarket giant Tesco on Tuesday morning ahead of its half-year results on October 3rd. The paper says that the results 'will not be pretty' with the focus likely to be on the UK business which accounts for around three-fifths of total operating profit and sales - this division seems to be recovering after a period of falling underlying sales.

Shares are well away from the 385p level seen before the profit warning in January, though they have recovered by more than 15% since, dipping below 300p at the end of May. Nevertheless, they trade at 9.9 times forward earnings, broadly in line with sector peers Morrisons and Sainsbury's.

While the paper highlights the growing dividend which may attract potential investors, it says that it cannot recommend to buy Tesco shares in the short-term, particularly after the recent spike. Investment View said: "For now we think it is fairly priced and should be left alone for a while to come. Hold."