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).

:-))

Thanks Lads for your advice. Will keep hold of them for now then (But its very worrying) But i also think Tesco will never go "Bust" LOL
Just another quick 1 iv Got a Few shares with Bellway (BWY) & they are Showing a Profit of £30 1st time profit in 6 months Do u reckon they aree good to hold?
Thanks.
Dave.

I just think Tesco got very complacent and lost touch with the customers. They needed to get out on the shop floors and speak to customers more.
They are at a very important crossroads left takes them to recovery and right, well.
I do not think management are strong as Tesco would not have reached this scenario.
Look forward to the next 6 months to see if Tesco have got it right.

The 10p petrol voucher will have an effect...for a £60 trip.....plus a £5 voucher I think for a £40 shopping trip.....I shall try to take up this brilliant offer myself !.

TANKS - what do CNA have to do with supermarkets? ..... confess it is not a company i have ever even looked at let alone followed

cynic good divs over 15p on a sp of 295 is very good but the sp will move up to 350p
this year a certand on to 400p by xmas

tesco last night packed

just been to tesco for my old mate ,got is £5 of next shop he gave me the petrol coupon that was nice of him but i already had one but did not want to upset is good nature i will give it some one i dont use that much

The coupons are directly related to the original purchaser's clubcard, so unless they are using a borrowed clubcard they won't be accepted.

thanks harry i have just done another shop of 68pounds got my 5 off next shop so that is two i will go with my son inlaw tomorrow so will fill him up

harry with bad weather forecast thought i would take advantage of the gifts

Yep. 10p off a litre of petrol can't be bad, but have got to admit that supermarket fuel isn't the best. I do know that Ford & Peugeot have have had some problems recently with their diesel cars and the additives used by the refineries in supermarket fuel. You would have thought that they would be the same as the oil major's fuel (BP, Esso etc), but apparently not.

Harrycat,
Additives used can only be approved ones to meet UK spec requirements so there is no danger to buy inferior fuel. Also a lot of storage is co-mingled so Esso fuel may well come from same tank as other suppliers

there is little doubt fuel sold by supermarkets is of lower quality to that sold by the majors the same applies to heating oil, whether ultimately this effects the performance of the engine is up to "which" magazine to tell us.

robinhood, you may well be correct, but local garages have sourced some recent problems with diesel fuel to the supermarket brands. Their advice is to buy from the majors, which does seem to cure the problem. Maybe just a crappy batch??? But also not sure if your info is correct, as different majors have different additives, hence their different marketing. Formula Shell was definitely a different mix quite a few years ago and was withdrawn due to problems.

tesco the blip is over back up to over 400p

..REFILE-Tesco delays current account launch to 2013

Reuters - UK Focus – 16 minutes ago
..

TSCO.L 324.15 -2.50



LONDON, Feb 6 (Reuters) - Tesco (LSE: TSCO.L - news) , the world's third-biggest retailer, said its Tesco Bank business in the UK has delayed the launch of its current account service until next year, dealing a blow to government attempts to reduce the dominance of Britain's big five banks.

The bank had previously intended to launch current accounts in the autumn of this year, aiming for a slice of a market dominated by Lloyds, Royal Bank of Scotland (LSE: RBS.L - news) , HSBC (LSE: HSBA.L - news) , Barclays (LSE: BARC.L - news) and Santander UK.

Tesco Bank said the launch timing was now being driven by the speed of implementation of new industry-wide systems to help customers switch current accounts more easily.

"We are progressing at the right pace in our journey towards offering a full-service bank", a spokeswoman said. "We're close to completing the migration of our existing products and services and will continue to take a cautious approach to launching new products," she added.

News of the current account delay at Tesco Bank comes a month after the wider group issued its first profit warning in living memory following disappointing Christmas sales, sending its shares tumbling.

Shares in Tesco were down 1 percent at 323.4 pence at 0943 GMT on Monday, valuing the business at about 26 billion pounds ($41.08 billion).

Tesco announced plans to set itself up as a bank in 2008 when it bought out RBS from a financial services joint venture.

While it has launched some products since then, like a fixed-rate savings account, it has focused largely on setting up its own operations, from IT platforms to call centres, and transferring customers to them.

Some analysts have been disappointed by the time it has taken Tesco to gear up its banking business, arguing it has missed an opportunity to take custom from established players during the financial market crisis and lagged other new entrants, like Virgin Money and Metro Bank. ($1 = 0.6329 British pounds) (Reporting by James Davey; Editing by Greg Mahlich)

Tesco prepares for $500 mln Thai property IPO-IFR



HONG KONG Feb 6 (Reuters) - Tesco plc, Britain's biggest retailer, started pre-marketing on Monday for an initial public share offer (IPO) to raise about $500 by bundling some of its shopping centres in Thailand into a listed fund, Thomson Reuters publication IFR said.

Expected to be Thailand's biggest IPO in more than five years, the sale is scheduled to be priced on Mar. 5. The listed Tesco Lotus Property Fund will initially feature a portfolio of 15 existing shopping centres, each anchored by a hypermarket, IFR said.

The pre-marketing will run for two weeks, with the roadshow slated to start on Feb. 20. The listing will comprise an international and a domestic tranche.

Bank of America Merrill Lynch, Nomura Holdings , Phatra Securities and RBS are leading the transaction, the report added.

......to raise about $500, eh? I could have lent them that!

Million :-)) I think your cheque may bounce HC