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).

Many, no problem false ID so Tesco covered.
Settlement visa no immigration controls.
NI number
Driving license
P60

Cost 500

PRELIMINARY RESULTS 2010/11


STRONG GROUP RESULTS: SALES UP 8.1%, UNDERLYING PROFIT UP 12.3%
================================================================

-- Group sales up 8.1% to GBP67.6bn(*)

-- 12.3% rise in underlying profit before tax to GBP3.8bn

-- Group return on capital employed (ROCE) increased to 12.9% (last year 12.1%)

-- 7.8% growth in Group trading profit to GBP3.7bn, including 30% growth in Asia

-- Underlying diluted EPS growth of 10.8%(**) ; dividend per share growth of 10.8%

-- Net debt reduced to GBP6.8bn by year-end, ahead of plan

-- Exceeded our 2010/11 carbon targets

Staying with retail, supermarket giant Tesco succumbed to profit-taking and the effects of a dull outlook statement after forecast-beating full-year results. Tesco said pretax profits were up 11.3% year-on-year on sales 8.1% higher, driven by strong growth in Asia. Final dividend was hiked 10.8%. The shares slipped 6.45p at 393.55p.

i'm still holdiing my 50% still at a loss and havent added or reinstated yet for reasons
already stated.
regards
jkd

why is themeat at tesco shit it is rubber any one buying there meat must be idiots or sick the tesco of old is gone it is now rubbish .

Go vegetarian, Tanker

just gotback from morrisons packed . back to food mrw foods is far better than tesco .
the meat is uneatable unless you are a animal i would never give my children there rubbish . it is tough and tasteless . and i like good food and will only eat good food

Their pork is OK. I love a nice bacon butty.

Nicely blue today.

Tesco blunder means beers for 24p

tweet38Print..
James Andrews, 11:20, Thursday 2 June 2011

A computer glitch at Tesco stores in Scotland saw shoppers charged as little as 24p a beer, resulting in thousands of people rushing to cash in before it was fixed.

The mistake meant that in Scotland you could buy three cases of beer or cider for just 11. This meant you could pick up premium brands such as Magners, Budweiser, Stella Artois and Guinness for as little as 31p a can or 24p a bottle.

Word spread rapidly on social networking sites Twitter and Facebook as well as by word of mouth as customers rushed to cash in.

"Was casually chatting to my dad about the beer situation at Tesco, mention 3 crates for 11 and he sprints to the car," said Rebecca Macdougall.

Police were even called at one point to a Greenock store after heavy congestion was reported in the car park as customers rushed to take advantage of the mistake before it was fixed.

"Price glitch for beer has literally caused a stampede at the local Tesco. Tempers are flying in car park," reported Graham McKenzie on Twitter.

"Madness in Tesco tonight, seems their tills had an error and were selling 3 cases of beer for 10," reported John, Tweeting under the name saabbhoy.

A spokesman for the supermarket said this hit all shops in Scotland. "This was a pricing error affecting only a handful of lines on promotion for a short period. The price was corrected as soon as the error was spotted," he said.

Tesco has now corrected the error.

India's door 'will be open to Tesco in four months'

The move will come as a relief for British supermarket firms which see great potential in India, and also among British ministers who have invested great hope in the country as a major source of growth for UK firms.

TSCO bucking the retail trend today.

What The Brokers Say
Strong Buy 18
Buy 7
Neutral 6
Sell 2
Strong Sell 3
Total 36

Good one for the long term portfolio, boring but safe.

Interim Management Statement.

"Tesco has made a good start to the new financial year, despite consumer sentiment in many of our key markets remaining subdued. The overall performance of our businesses in Asia and Europe has again been pleasing, led by further strong growth in Thailand and across our Central European region. Uncertainties remain but with early, encouraging signs of better performance emerging in both the UK and the US, I am confident that this start will provide the platform for another year of growth and rising return on capital employed for Tesco.

We're also making progress with our strategy: improving the shopping trip for customers; increasing productivity; winning market share - whilst at the same time investing for long term growth in important new products, new space and in our online capability."

Looking good, and with the FTSE opening up 30 points lets hope a lot of blue today.

Bloomberg reckon Tesco will fall today as it missed estimates.

They were right lets hope blue later today.

Part of the broker note from Arden:
Tesco is a huge global beast, but it is judged by its UK performance and the news that UK LFL was still slightly negative (by 0.1%), on an ex-VAT and ex-petrol basis, is disappointing, despite a better outcome in Food (albeit May was clearly more subdued). The problem remains Non-Food, with the FD talking about a 5% LFL fall in this area in Q1 in the UK. On the 8am conf call, Tesco said that Clothing had improved in the period, but it sounds like Electricals and Entertainment is still tough and it will be interesting to see how Tesco reallocate non-food space in the autumn when the new ranges come in. Fortunately, UK new space growth at 4% was pretty good and Overseas sales growth (bar Eire) was good. Next week Tesco are a taking a leaf out of Kingfishers book and showing analysts around Poland (as well as Czech and Slovakia). It will of course be interesting to see what rival Sainsbury say tomorrow about how poor May and June has been in the UK(Tesco say that it hasn't been as bad as March).

Looks like shorters have it today and with the strikes coming it is goo to be short, little good news coming.

Tesco avoids shareholder rebellion over pay

tweet0Print..Companies:TESCO PLCTopics:Board & Management ChangesRetail.Related Quotes
Symbol Price Change
TSCO.L 400.00 -2.00


{"s" : "TSCO.L","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} James Hall, 17:22, Friday 1 July 2011

Tesco (LSE: TSCO.L - news) , the UKs biggest supermarket, avoided a bloody nose from shareholders at its annual meeting in Nottingham on Friday, with just 3.3pc of investors refusing to back its remuneration report.

The supermarket said that investors representing 162m shares voted against - or withheld their votes on - the directors remuneration report. Investors representing 4.9pc of shares refused to back a resolution to re-elect chief executive Phil Clarke as a director, while investors representing 11.8pc of shares refused to authorise directors to allot shares.

The relatively clean break follows a recent move by Tesco to radically alter the remuneration policy for its top executives. This followed an investor rebellion at the supermarket groups annual shareholder meeting last year, when 47pc of shareholders who voted refused to back its remuneration report.

In a bid to avoid further controversy, Tesco has removed executive share options from directors pay packets - replacing them with a performance share award - and has ditched its four long-term incentive plans and replaced them with a single plan.

All executives, including the chief executive and the US chief executive, will now participate in the same plans going forward.

Under the new plan, Mr Clarke had his base salary pruned. He will receive a base salary of 1.1m, which is 23pc lower than the 1.4m base salary that his successor Sir Terry Leahy received last year.

However, under the new scheme Mr Clarke could still receive a maximum pay package of 6.9m this year.

Tesco said that the simpler system had been implemented following an extensive review and consultation with shareholders. The move reflects a collegiate approach to remuneration, it said.

While its previous plans used five separate measures to determine success, the new plan will use just two performance measures; return on capital employed and earnings per share. The number of performance measures that Tesco uses for its annual bonus will also be reduced, from more than 20 to seven.

When the new scheme was unveiled a Tesco spokesman said: At last years AGM points were raised about remuneration and we undertook to consult shareholders and that is what we have done.

RNS Number : 6184L

London & Stamford Property PLC

03 August 2011

03 August 2011

LONDON & STAMFORD PROPERTY PLC

("London & Stamford")

Acquisition of Tesco Distribution Unit, Harlow for GBP22.9m

London & Stamford Property Plc (LSE: LSP.L) announces that it has exchanged contracts to purchase a distribution unit in Harlow for GBP22.9m (excl. costs), reflecting a property yield of 7.5%.

The property comprises a 273,115 sq ft distribution warehouse located in Harlow, four miles from the M11 and seven miles from the M25. The warehouse is leased to Tesco Stores Ltd. The unexpired lease term for a further 12.5 years to Tesco Stores Ltd is guaranteed by Tesco PLC. Tesco uses the facility to distribute to its stores in London and the South East.

The acquisition will be added to the existing South Eastern distribution assets held in a joint venture with Green Park Investments. It is anticipated that once leverage is applied the cash yield will be 12.07%. London & Stamford's equity commitment is expected to be GBP4.78m.

Raymond Mould, Chairman of London & Stamford Property, said:

"This acquisition sits very well with London & Stamford's existing distribution investment portfolio. It is a high quality asset offering an excellent cash yield combined with a secure tenant and in a prime location.