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).

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

Tesco braced for defeat in battle to conquer America: Tesco is poised to pull out of the United States, five years after its bold and loudly heralded arrival in the vast American grocery market. Britain’s biggest supermarket group is expected to announce a strategic review into its 185 Fresh & Easy stores in California, Nevada and Arizona when it updates the City on its third quarter trading

Glad my sell didn't go through,, £4 on it's way.,.

Well done Bb, Tesco seem to be addressing their problems.

Seems so Dreamcatcher lets hope the SP reflects this

The Sage of Omaha had it right.

Tesco ready to beat a US retreat; UK sales disappoint
8:14 am by Ian LyallIf it beats a retreat from the US, Tesco will be following a route trodden by Marks & Spencer and Sainsbury, which both failed in the States.

Tesco (LON:TSCO) has announced a strategic review of its operation in the US, a move that heralds the departure of the operation’s boss, Tim Mason, after 30 years with the grocer.

The news, flagged up in the national business media, was accompanied by an insipid trading update from the UK’s largest retailer.

It showed underlying sales from its UK stores had fallen 0.6% in the last quarter.

It has six-part plan to address issues in its home market called Build a Better Tesco, and the early signs are “encouraging”, said chief executive Philip Clarke.

If it beats a retreat from the US, Tesco will be following a route trodden by Marks & Spencer (LON:MKS) and Sainsbury (LON:SBRY), which both failed in the States.

It said the Fresh & Easy chain, which has required an estimated £1bn of investment, will not deliver “acceptable shareholder returns on an appropriate timeframe in its current form”.

It has appointed the investment bank Greenhill to assess the options after receiving approaches from potential buyers of all or parts of the business.

"I have been clear since my appointment as CEO was announced that my role is to deliver long-term value for shareholders,” said Tesco boss Clarke.

“Following a year in which my priority for Fresh & Easy was to improve its performance, I have now made a fully-informed assessment of its longer term potential.

"Whilst the business has many positives, its journey to scale and acceptable returns will take too long relative to other opportunities.”

The City’s reaction was positive with Tesco back-to-basics approach applauded with a 4% rise in the share price.

However, the noise around the potential retreat from the US masks some very serious underlying problems, experts warned.

John Ibbotson, director of consultants, Retail Vision, said: "All is not well at Tesco. It's by no means imploding but its market position is built more on past victories than future potential.

"Negative UK like-for-like sales reinforce how, domestically, the retailer is stuck in the mud.

"In the core UK market, Tesco continues to struggle and in today's challenging conditions it will take longer than many had expected for Tesco to turn around. The speed of the recovery will be glacial.

"Sainsbury's, very clearly, is winning the supermarket battle not just by keeping its more affluent customers but by attracting new ones from Tesco and ASDA through quality positioning and the price reassurance of Brand Match.

"Food and online are fine but other areas of Tesco's business face an uphill struggle.”

Warren Buffett, the world’s most famous investor, spent £480m buying Tesco shares following its profit warning earlier this year. After months of the shares going nowhere, he is now sitting on gains of almost £30m. A day after Tesco’s January warning, Mr Buffett upped his stake in the retailer to 5.08pc from 3.21pc. He obviously took the view that the group’s short-term difficulties would not impact long-term cash generation, dividend growth and capital discipline. As a value investor, he took a long-term view. Tesco’s share price gain yesterday was mostly down to the announcement that the Fresh & Easy boil was set to be lanced. The US unit had promised lots but never delivered, becoming a black hole for about £1bn of the company’s cash. It is now under “strategic review”.

http://www.telegraph.co.uk/finance/markets/questor/9725025/Questor-share-tip-Follow-Warren-Buffetts-advice-and-grow-rich-slowly-with-Tesco.html#

Marks failed in the states as well as sains. The Americans love big (Look at their cars)
so they are not going to shop in a tiny tesco store their stores are huge (walmart is like 5 of our stores joined together.)

Santa needs to keep his livestock well fed; he wouldn't get far without his reindeer. Rudolph loves a carrot and I am sure his boss must be a customer of Tesco, the company that sells more carrots than any other in the UK.

Tesco's growth in the last 20 years has seen it become one of the UK's biggest companies. The shares have been a great investment, too. Dividends enjoyed by Tesco shareholders have been increased every year for the last 27 years -- that's a record for a FTSE 100 company.

The shares have rallied recently and are ahead 8.4% in the last month alone. Tesco stock comes with an expected yield of 4.3%.

i'm in.,.

balerboy
i think thats bad timeing with the divi (4.63p) being paid out friday, the share price will probably drop that much!

I'm not sure that divi payments hit prices that much. It's the xd dates that cause the damage.