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).

It'll rebound...might take time but it will....doom and gloom way overdone....britain is just one part of what is becoming a global business !.

Not much sign of a rebound so far

oh I don't know.... a few pennies....

Will we get here today........

looks like you callled it Skinny

i would expect ii loading up - believe they were waiting to see how low the drop was going to be before adding.....

13 Jan: TSCO AlphaValue say: Buy - New TP: 422.90p

the "sage of omaha" is looking more like an onion having invested heavily in TSCO recently, brings tears to our eyes!

Just got to wait and see

It will come back...market overreaction....

Could it drop below £3 pound as not looking good at all at moment glad i have held back.

FOGL 11% down as well.

Some bargains out there but where is the bottom.

http://www.thisismoney.co.uk/money/investing/article-2085695/Is-Tesco-battering-canary-2012-stock-market-crash.html?ito=feeds-newsxml

Halifax don't recall you or yours posting a short on here, so easy to be smug and wise after the event isn't it? Way oversold and as always will come back. :O)

LONDON (Dow Jones)-Tesco PLC (TSCO.LN), Britain's biggest supermarket, said Friday that its non executive chairman Richard Broadbent bought 30,149 shares at 329.98 pence each.

CC it appears to us TSCO has lost control and direction of its business, the only way is ...... down.

23% down in 7 days

Tesco has always shown itself to be nimble and usually quicker than the competition. The doommongers were out in force when Walmart bought into the UK and are also prominent now, prepared to ignore all the positives, overseas, non food, internet. Trouble is the market can stay irrational longer than I can stay solvent. I've topped up and will now sit tight waiting for some sanity to return imho of course.

This does not make good reading -




..UPDATE 1-Tesco exec sold shares ahead of profit warning

Reuters - UK Focus – 1 hour 26 minutes ago


LONDON, Jan 13 (Reuters) - A senior Tesco (LSE: TSCO.L - news) executive sold stock just over a week before a profit warning sent its shares plunging, a regulatory filing shows, causing fresh embarrassment for the world's third-biggest retailer.

Noel (SES: E2:543.SI - news) "Bob" Robbins, UK chief operating officer, sold 50,000 shares at 404.51 pence apiece on Jan. 4, netting around 202,000 pounds ($309,000), according to a filing published on Jan. 5.

That was eight days before Tesco reported its biggest drop in underlying British sales for decades, and just three days before the end of the period covered by its trading statement.

UK listing rules say directors should not buy or sell shares in their company while in possession of unpublished, price-sensitive information.

The regulations, policed by the Financial Services Authority (FSA), also require directors and senior managers to obtain board-level approval before selling shares and forbid trading in shares during so-called "close periods" between the end of a financial period and the reporting of its results.

One shareholder watchdog described the sale as troubling.

"It doesn't look very good, especially in this case, when you are head of UK operations," said Simon Wong, a partner at corporate governance watchdog Governance4Owners.

Tesco said it and Robbins had operated within the rules.

"Bob Robbins sold less than 5 percent of his substantial shareholding in Tesco for necessary family expenditure," a spokesman said.

"We are confident that Bob was not in possession of any price-sensitive information at the time the sale was approved."

Wong, however, said simply operating within the letter of the law was not enough. "If these companies say it's still within the rules, then I think the rules may need to change, because this is a concern and it damages confidence."

Indeed the FSA says its listing rules are designed not only to avoid abuse but also to ensure that the right thing is seen to be done. Companies are given the freedom to impose even stricter guidelines should they deem it necessary.

Under Tesco's rules, directors were barred from trading company shares from Jan. 7 to Jan 12.

Other retailers opted for much longer close periods ahead of their key Christmas trading updates. Marks & Spencer (Dusseldorf: MA6.DU - news) 's and J Sainsbury's, for example, both ran for about four weeks, although they were reporting quarterly sales figures. Tesco published third-quarter sales on Dec. 8, and was giving just a seven-week trading snapshot on Thursday.

Morrisons, on the other hand, which like Tesco had a truncated Christmas trading period of six weeks, had a similar close period that ran from Dec. 30 to Jan. 9.

The importance of keeping to the spirit, as well as the letter, of rules on personal dealings was highlighted last week when Swiss National Bank chairman Philipp Hildebrand resigned, saying he could not prove he had been unaware of a currency trade made by his wife.

SHARE PRICE PLUNGE

On Thursday, Tesco said investment to improve its British business would hit profits in its 2012-13 financial year, sending its shares down as much as 19 percent, their biggest one-day drop since 1988.

The stock fell a little further on Friday to touch a 34-month low of 315 pence.

"The significant movement in the share price on Thursday was, we believe, primarily due to the announcement on profit guidance and UK investment plans for 2012/13. Bob was not party to discussions around the profit guidance or the investment plans at the time he made his sale," the Tesco spokesman said.

The FSA, which routinely looks into large share price movements, declined to comment.

A Tesco veteran, Robbins, 54, was appointed UK chief operating officer on March 1, 2011, having previously worked as chief executive officer for central and eastern Europe (Chicago Options: ^REURUSD - news) and strategy and development director in Asia. He sits on the group's executive committee, one level below its main board.

A regulatory filing on Friday showed Tesco's new chairman Richard Broadbent bought 30,149 shares at 329.98 pence on Thursday, or about 99,000 pounds.


On Dec. 22, internet director Ken Towle also sold 40,193 shares at 385.6 pence apiece, worth around 155,000 pounds. ($1 = 0.6528 British pounds) (additional reporting by Paul Hoskins, James Davey, Peter Thal Larsen and Sinead Cruise; Editing by Chris Wickham and Will Waterman

The FSA missed the banking crisis, and has repeatedly missed prima facie dodgy trades. They are the chocolate teapots of the regulatory world

Contrast that with the US approach, and some of the European exchanges.

As explained in the above article its not only the absolute position of the trade that matters but the perception - this one stinks

If you accept their logic then how does TSCO justify paying these senior managers such ludicrous bonuses/salaries given they know so little - what do they add then ?

bob robbins must be an idiot to sell so close to profit warnings - all i can say is he is a fool and must have been desperate - desperate people usually take desperate measures - hope they sack him and fine him heavily - not professional at all!