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).

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.

Goody, £4 by xmas.,.

well looks like i was wrong today. but still think its on its way down to low 320s, over this next month. then i will be back in.

I think Tesco will rise fast in January if the company update shows Tesco are turning the ship around, which up until now they seem to be doing. The christmas trade as always is going to factor in this. They must pull back market share as well.

ps not so sure of £4 by christmas Bb. May be a happy christmas but not that much . :-)) Happy christmas Bb

Same to you DC. Seems you have had your share of luck this year so it's round to yours xmas eve....... lol ok ;)

Cheers Bb.

i'll pick 3m up on the way.....see you 7.30..... oh by the way.... I 'd like Sex on the beach..... not sure what 3m drinks........ lol

No beaches round here, you will have to do it in the garden.:-))

After a few drinks and 10pm ........ I usually do :o)