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).

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

TESCO PLC

13 March 2013

Tesco acquires Restaurant Group Giraffe

Tesco has acquired 100% of Giraffe Restaurants, the award-winning family-friendly restaurant group. The purchase price is GBP48.6million.

The acquisition forms part of Tesco's strategy to develop the space in some of its larger stores. The group consists of 48 restaurants nationwide, including franchises at Heathrow and other UK airports, as well as in Dubai.

To read the accompanying blog, visit www.tescoplc.com/talkingshop

12 month high - gap closed.

Excellent rise here today.

Yep - £4 very soon

Deutsche Bank Buy 0.00 373.25 394.00 440.00 Retains

Morgan Stanley Underweight 0.00 373.25 310.00 - Reiterates

Nomura Buy 377.15 377.70 430.00 430.00 Retains

******* say they will in future only stock UK chicken
Oh really? ........ UK farms can no longer produce sufficient thanks to the supermarkets dumping them many years ago as they could buy cheaper abroad .... so how will ****** supply all these so-called UK chickens?

They won't; or at least they will assuredly NOT be UK-reared (from cradle to grave to put it a little crudely)!
Trade sources allege that most/many will be supplied ex Belgium thus having at least an EU stamp .... but will they have been reared in Belgium?
Almost certainly NOT
It seems that a very high %age are still brought in from F/E (Thailand) and other "interesting" countries and then just processed in Belgium, thus qualifying for the EU stamp ..... this is almost certainly the procedure that will be used by UK supermarkets

So, unless the label specifically states UK-reared, it is a racing certainty that it will not have been ...... how to con the customer yet again!

I'm confused by the above

"******* say they will in future only stock UK chicken
Oh really? ........ UK farms can no longer produce sufficient thanks to the supermarkets dumping them many years ago as they could buy cheaper abroad .... so how will ****** supply all these so-called UK chickens?"


Is it ******* or ****** ? :-)

i understand there is one company that is making a song and dance on this issue, but heaven forefend i should level an accusation as to its probity :-)

Agree with you whole heartedly, we as a country have very little agriculture left and could not sustain ourselves. Our winter vegetables have suffered great losses this winter, and now the winter cereals have either not been planted or have perrished. Spring cereals which do not perform as well as winter, are struggling with the winter chill and freezing conditions. Our first touch of shortages is nearer than some like to think.,.

BB - i know you have some expertise in this area ..... is it not also true that plants are remarkably resilient and, with a bit of clement weather, catch up surprisingly quickly? .... last year, i recollect that the winter through april was exceptionally dry, which would also assuredly have caused major problems .... do you know how badly (if at all) yields were finally affected?

Different senario cynic, winter crops were estabished, spring crops such as potatoes sown and got away ok. On the otherhand harvesting them last autumn was almost impossible. The grain ended up shrivelled and light (bushel wieght) and potatoe crops stayed in the ground and are being ploughed in. The dry didn't last long enough tomake a lot of difference, whereas the wet....... different story.,.

Is it time to short TSCO ahead of next weeks results announcement?

Ironically, I'm short @385.15 but still hold in my SIPP.

skin sounds sensible to us depends on how the market reacts if they announce the closure of their US business.

Remember 10p divi people may get in for that. You've got it covered both ways Skinny.

Maggiebt4 are you sure of div and date as I can only find 25/4/12 at 10.10p according to dig look.,.

Preliminary results 17th April, when the dividend will be announced.

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