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).

Had to collect a prescription on Saturday. Collected it from the new layout pilot store Tesco were experimenting with the layout at Bishops Stortford, Herts.
Imoo - Its a huge store that you still have trouble finding items. The shelving is stacked very high, so you walk down isle after isle with no view. Items have moved around ie more food at the front of the store and clothes moved to the back. Still seems a very cold store to me (I dont mean cold to put a coat on). Still lagging behind Sainsbury in my view. I thought they talked about brightening up the stores ?
On the plus side there were more staff on the shop floor and got through the tills without a queue.

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Shake-Up At Tesco As Price Isn't Right
By (c) Sky News 2012 | Sky News – 1 hour 3 minutes ago..

The overhaul of Tesco (Xetra: 852647 - news) 's top management is to continue with the departure of the executive in charge of its British non-food business after just 18 months in the job.

I have learned that Terry Price, commercial director and one of the company's top-ranking managers below board level, is leaving following the lacklustre trading performance of the division.

Mr Price, a former Wal-Mart executive, was in charge of 'hardlines', the retailing term which encompasses non-food products such as electrical items, toys and sports goods.

His exit comes as Tesco faces searching questions from the City about its plans to improve trading in its core UK business.

In January, it unveiled a shock profit warning and said it would need a huge investment programme to fend off competition from the likes of J Sainsbury and Asda.

In April, Tesco reported a 3.9% fall in full-year like-for-like general merchandise, electricals and clothing sales, a performance which left the City questioning the company's non-food credentials.

Philip Clarke, Tesco chief executive, is responding to the decline by combining responsibility for general merchandise under Neela Mukherjee, a Tesco Direct executive.

Mr Price's departure is a surprise because he was seen as an ally of Mr Clarke's when he was brought back from China to head general merchandise last year.

A Tesco insider conceded that the two men had disagreed about the reasons for the performance of non-food but said Mr Price was leaving on good terms.

Earlier this year, Richard Brasher, the group's UK boss, left after Mr Clarke said that there "could not be two captains on the bridge".

Tesco declined to comment.

Going up nicely today.....happy days.,.

Beware shorters!

Think your right, had to go out for morning, only to find it dropped to 325.9p.,.

Bearish engulfing candle yesterday (as did many blue chips), looking up today (MRW update) - 4 week high is 329.65.

creeping back up again, trading statement dec 5th. which way will it go then??

UP UP AND AWAY

Hardly - its still under performing MRW,SBRY & the FTSE on the day - but at least its up.

Hope they have stopped losing market share ?

Put your money in Sains

in profit at mo, will see if it will get past 3.30 this time.,.

Least my comment attracted some attention. Long way to go

Supermarkets agree to prices and discounts code

Eight supermarkets have agreed to ensure that special offers and price promotions are fair.

Tesco is a FTSE 100 record holder. No other company in the blue-chip index has a longer history of consecutive dividend increases. However, there are signs that this streak may be about to end.

Shares in Tesco fell hard in January. Management reported that the company had failed to sell enough discounted items during the key Christmas trading period. This news saw the shares lose 20% of their value in two weeks. Before this announcement, analysts expected Tesco to make earnings per share (EPS) of 39p for 2013. Today, that forecast has fallen to just 32.3p.

Worryingly, Tesco has been losing market share to its old rival Sainsbury 's. Tesco is a massive business. How quickly can it be turned around?

At the half-year stage, Tesco reported a fall in EPS of 7.9%. The interim dividend was held at 4.63p per share.

Analysts expect that the full-year profits will be 5.5% behind last year's figure. If the dividend is not increased with final results, Tesco will lose its hard-earned dividend-raising record.

trading statement tomorrow is TSCO a short?

sp doesn't know which way to go.

A few broker notes out today - the best is

Deutsche Bank Buy 326.90 322.45 394.00 394.00 Retains

and the worst is

Espirito Santo Execution Noble Sell 326.90 322.45 300.00 275.00 Downgrades

from the latter :- Market round-up: Tesco and Morrisons on the run as Britons taste the difference

set limit sell at 330p, if it hits small profit taken if not will stay till next high.,.

Third Quarter Interim Management Statement

http://www.moneyam.com/action/news/showArticle?id=4497755