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).

Take your pick.

Espirito Santo Execution Noble Sell 357.48 361.25 275.00 275.00 Reiterates

Oriel Securities Buy 357.48 361.25 400.00 400.00 Retains

Shore Capital Hold 357.48 361.25 - - Retains

Tesco drops Irish beef burger supplier

LONDON | Wed Jan 30, 2013 10:14am GMT
(Reuters) - Tesco, Britain's biggest retailer, said on Wednesday it had dropped the Irish supplier of frozen beef burgers that sparked a scandal by testing positive for horse DNA.

Tesco said it would not take any more products from Silvercrest, a unit of ABP Food Group, and said it would now introduce a comprehensive system of DNA testing across its meat products.

There was no immediate response for a request for comment from ABP.

Doors closing and horses boulting anyone?.. Sorry -):

Stan - get yer coat! :-)

Assuredly as Cynic would say -):

Taste the difference.......yes its horsemeat!

13 & 50 both crossed 200ma.

Yep heading back to £4 plus ;) nice and steady rises

Stealing my thunder nar1......lol £4 coming.,.

Exane BNP Paribas lifts Tesco to neutral from underperform, target 375p from 320p. Oriel Securities lifts Petrofac to hold from reduce, target stays 570p.

Citigroup lifts Thomas Cook Group to neutral from sell, target 90p from 40p.

Credit Suisse lifts Daily Mail and General Trust to hold from sell, target 630p from 460p.

Merrill Lynch cuts Catlin Group to underperform from neutral, target 515p.

Credit Suisse lifts Mondi to outperform from neutral, target 980p from 780p.

Panmure Gordon cuts Kofax to hold from buy, target 290p from 310p.

N + 1 Singer cuts RWS Holdings to hold from buy, target remains at 600p.

At 1:57pm:

(LON:CGL) share price was -3.25p at 514.75p

(LON:DMGT) Daily Mail & Gen Trust A share price was +7p at 648p

(LON:PFC) share price was -1.5p at 1636.5p

(LON:TCG) share price was +2.13p at 90.13p

(LON:TSCO) Tesco share price was +5.95p at 368.55p

are we going to hit 370p today.....

Big gap around 330 worries me. Does it have to be filled?

370 hit.....

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50 -150MA

NON-EXECUTIVE BOARD APPOINTMENT

Tesco PLC today announces that Olivia (Liv) Garfield will join the Board of Tesco on 1 April 2013 as a non-executive Director. Liv is currently CEO of Openreach, part of BT Group, and will bring valuable experience of new and emerging technologies to the Board.

Horsemeat scandal: Withdrawn products and test results

Tesco calls on Cameron to aid Indian growth

Tesco is poised to make a decision on the size of a potential multi-billion pound investment in India following representations by David Cameron as part of a UK trade mission.

The Sunday Telegraph understands that Philip Clarke, the chief executive, has spoken to the Prime Minister in the past few days regarding the retailer’s hopes for opening stores under its own name.

Mr Cameron, who begins a three-day visit to the country tomorrow, is believed to have committed to Mr Clarke that he would press his Indian opposite number, Manmohan Singh, about the opening up of foreign direct investment (FDI) channels for British retailers.

Take your pick!

Barclays Capital Equal weight 366.38 364.75 360.00 360.00 Reiterates

Espirito Santo Execution Noble Sell 366.38 364.75 275.00 275.00 Reiterates

Deutsche Bank Buy 366.38 364.75 394.00 394.00 Retains

UBS Buy 366.38 364.75 400.00 400.00 Retains

I stick with BUY