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).

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)

Not on a frosty night. lol

Despite concerted efforts by Tesco and Morrison to freshen up the appearance and improve the quality of their offers broker Espirito Sanyto latest UK consumer survey found shoppers perceptions of them are deteriorating. It suggests shoppers favourite Sains, with 26% of customers doing most of their shopping at Sains, up from 9% in the first quarter. She suggests no like for like growth at Tesco in 2013-14 and to warn on profits in the next twelve months.

http://www.dailymail.co.uk/news/article-2252760/Tesco-spends-28MILLION-private-jets-flying-executives-world.html#ixzz2FyJFvZ1r

£4 by xmas.,.

Touched 350 earlier.

All looking good £4 soon. trading statement 10/01

For retail market leader Tesco, which updates on Thursday, analysts forecast like-for-like sales, excluding fuel and VAT sales tax, to grow 0.5-1.5 percent in its home market, having fallen 0.6 percent in its third quarter.

That said, Tesco is up against a weak comparative - a dismal Christmas performance in 2011 resulted in its first profit warning in 20 years and a move to spend 1 billion pounds ($1.6 billion) on a recovery plan.

While the world's No. 3 retailer may show some progress in its home market, its overseas problems are mounting. Though the group has flagged an exit from the United States, in South Korea - its biggest overseas market, legislation allowing local governments to impose shorter trading hours is hurting. Also, trade in eastern Europe is being hit by euro zone instability.

Trading Statement

· UK like-for-like sales growth of +1.8% benefiting from an improving offer for customers

o Recovering in-store performance - particularly in food

o Strong contribution from online

· Asia and Europe - similar performance to Q3

· Chris Bush appointed as UK Managing Director


Group sales in the six weeks to 5 January 2013 increased by 3.8% including petrol (3.5% at actual exchange rates) and by 3.9% excluding petrol (3.6% at actual exchange rates).

In the UK, total sales including VAT and petrol grew by 4.2% and by 4.3% excluding petrol.

Like-for-like sales grew by 1.8% - our strongest rate of growth for three years. This was driven by a much stronger food performance than last year and a further improvement from the third quarter. Most of our efforts to date under our six-part plan to Build a Better Tesco in the UK have focused on food - and particularly fresh food - so this performance provides further encouragement that the delivery of the plan is on track.

Our international businesses performed at a similar level to Q3, with total international sales growth of 3.4% (2.6% at actual exchange rates).

Asia delivered an increase in total sales of 7.6% (8.1% at actual exchange rates), with a slightly better like-for-like sales growth rate than the third quarter. This reflects a stronger performance in Thailand more than offsetting the impact of a greater number of enforced store closure days in Korea than we experienced in Q3.

In Europe, total sales declined by (0.6)% (a decline of (2.4)% at actual exchange rates). The like-for-like sales performance for the region was similar to the third quarter and continued to be impacted by reduced consumer spending, with all markets experiencing economic headwinds.

In the United States, total sales for Fresh & Easy were up by 4.1%. We will update on progress on our strategic review of Fresh & Easy at our Preliminary Results in April, as planned.

Think my 315p buy here going to do well....... £4 coming :)

Oriel Securities Buy 358.30 349.15 325.00 400.00 Upgrades

Seymour Pierce Reduce 358.30 349.15 - 290.00 Reiterates

flip a coin??? £4 wins

£4 patience required -