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).

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Horsemeat scandal: Withdrawn products and test results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

i sold for now @366p will wait and see.,.

Thinking the same skinny - nice uptrend and trading channel

JP Morgan Cazenove starts overweight on Tesco, target 425p.

http://www.stockmarketwire.com/article/4540929/Broker-News-Views.html

LONDON (ShareCast) - British supermarket J Sainsbury said Thursday no horsemeat was found in its beef products following 250 tests in line with the Food Standards Agency (FSA).

The company's announcement came after a number of UK grocers were forced to recall beef-based meals containing horse DNA.

Tesco, Asda, Lidl, Waitrose, Iceland, Co-Op and Dunnes were among those told to withdraw items.

Sainsbury said it ensured quality control as through regular checks as it works alongside farmers.

“This is not just about our quality control measures,” the company said in a statement.

“Our entire supply chain, from farm to store, is built around long-term sustainable relationships to offer you the best quality products at fair prices - the bedrock of the trust we know you place in us.

“We work closely with over 2,500 farmers who are part of Sainsbury's dedicated Farmer Development Groups and have invested over £40m in developing these relationships, as part of our commitment to double our sales of British food by 2020.”

Shares rose 0.09% to 335.40p at 13:59 Thursday.

Last week UK’s Downing Street criticised the reluctance of stores involved in selling the products to speak up about the affected goods, saying it “isn't acceptable for retailers to remain silent".

The scandal erupted last month when tests carried out in Ireland revealed that some beef products contained horsemeat.

Tesco transfers 2,000 depot jobs in depot restructure

Supermarket Tesco is restructuring its distribution system in the UK with the closure of three centres and the transfer of 2,000 jobs.

The supermarket said the posts would be moved to two new centres in Berkshire and Essex.

Centres to close are Harlow in Essex with the loss of 800 jobs, Barlborough near Chesterfield where 400 people work and Weybridge in Surrey with 650 staff.

Magor in Monmouthshire which employs 800 people will be cutting 150 staff.

Shore Capital Buy 379.48 372.20 - - Upgrades

Credit Suisse Outperform 379.48 372.20 355.00 430.00 Upgrades

nice - be happy to see £4 plus