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).

;)

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."

,

£4 by christmas......

hmmmmmmmmmmm.

India opens retail to global supermarkets

ndia's government has once again cleared a controversial plan to open up its lucrative retail sector to global supermarket chains.

Last year, the government suspended a similar plan after fierce opposition from its allies and political rivals.

International firms such as Walmart and Tesco will now be able to buy up to a 51% stake in multi-brand retailers.

Analysts say the government has reintroduced the measure in an effort to revive a flagging economy.

Prime Minister Manmohan Singh said: "I believe that these steps will help strengthen our growth process and generate employment in these difficult times."

TSCO looks like a short to us ahead of half year results due early October.

Don't talk rubbish hali.,.

I see they pick a decent town Bishops Stortford, The store is only a mile from me.lol





Tesco analysis: Is Philip Clarke's £1bn turnaround plan working?
The challenges facing Philip Clarke, the chief executive of Tesco, are not dissimilar to those of the manager of his beloved Liverpool football team, Brendan Rodgers.

Philip Clarke has put fruit and vegetables back at the forefront of Tesco Photo: AFP



By Graham Ruddick
7:08PM BST 24 Sep 2012
1 Comment
Both must turn around British institutions, both are following in the footsteps of hugely successful leaders – Sir Terry Leahy and Kenny Dalglish – and both have taken direct responsibility for the strategy to improve their organisation.

“We will win a game before the end of the season,” Clarke gloomily predicted of his football team after their 2-1 defeat to Manchester United.

Judging by the revamped Tesco in Hertfordshire that Clarke gave a tour of on Monday, the Tesco boss has made a quicker start than Rodgers.

After years of expansion into non-food markets under Sir Terry, Clarke is putting food back at the heart of Tesco as part of his £1bn UK turnaround plan.

The basic facts of the Bishop’s Stortford superstore speak for themselves – there has been a 23pc reduction in space dedicated to non-food and the amount of the store dedicated to food has risen from 77pc to 87pc.

Related Articles
Tesco commits £1bn to win back shoppers
18 Apr 2012
How to build a better Tesco - retail empire strikes back
18 Apr 2012
Tesco: the six-point turnaround plan
18 Apr 2012
Tesco's UK profits 'to fall for first time in 20 years'
17 Apr 2012
Don’t write off Tesco
18 Apr 2012
Tesco recovers UK market share
24 Apr 2012
There are 1,800 new products, 1,850 revamped products and Tesco has rebranded its Tesco Value range as Everyday Value.

But more striking than the facts is the visible shift in priorities in the store.

When Tesco opened in the town in 1990, food was at the front of the store. However, within a decade, visitors were instead greeted by general merchandise such as clothing.

Now, Clarke has put fruit and vegetables back at the forefront of Tesco.

“In a store this tight, customers say 'I want food first’,” explains Clarke.

Bishop’s Stortford is one of a handful of Tesco stores where management are testing initiatives that will be rolled out to 25pc of UK stores this year.

The most striking ideas include a new fish counter, cake stand and a health and beauty section with a deliberately pastel colour scheme and dedicated sports nutrition range.

However, as noticeable as the more spacious and welcoming store layout – criticised in the past as too clinical – is the range of foods.

Clarke points to a £1.89 pea and asparagus risotto as his favourite food from the dramatically expanded frozen range, but round the corner is Voss water for twice that price. Close to the Voss water are gourmet pizzas and hand-piped cupcakes.

According to Clarke, this is another aspect of the Tesco back-to-basics revamp – give the customers what they want. Bishop’s Stortford is a relatively upmarket commuter town, and the range of products reflects that.

“In the past our range was about store size, now it’s about store profile,” Clarke explains.

However, whether the strategy works remains to be seen.

The UK management team, led by Clarke, is meeting every week to update on progress and has earned the nickname of “The Baldock Group”, after the store in Hertfordshire where they held early meetings.

In total, Tesco is running 150 different projects in stores and Clarke says: “We have a huge amount still to do.”

None the less, with half-year figures due to be published by Tesco on October 3, Clarke will be hoping the results of Tesco’s new era are better than Liverpool’s.

bb suggest you visit your local TSCO and observe the half empty car park.

All generalisations are dangerous including this one.
If you visited mine you'd be searching for a space and that despite 3 extensions in the last 3 years.

Yeah, h, that is a totally inaccurate statement. Maybe Tesco is too expensive for people in your area, but here in Norfolk you have to drive round & round the carpark trying to find a space most days! Perhaps you ought to move to a better area where Lidl & Alde aren't the market leaders! ;o)

Harry sorry we appear to have touched a nerve, after two profit warnings this year withdrawal from Japan and running an unprofitable business in US we don't think their forthcoming results are likely to impress.

This Bishops Stortford Store is their highest profit earner country wide. Forthcoming results may not impress, due to the high spend requirments to put the business back in order. The city seem to think Tesco are going down the road to be back on track.
It was known this would not happen over night. So looks like one step back with the
perhaps results, then two forward. Mind you other supermmarkets are not sitting still
watching. :-)) Very interesting.

Half empty carpark, they were closed halifax :-))