Tesco PLC

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, and Central Europe. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia. The company was founded by John Edward Cohen in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.

Tesco will become the first U.K. retailer to offer sustainability-linked supply chain finance to its supply base, a press release announced on Friday (April 30). The move aims to engender more suppliers to sign up for emissions reduction targets.

Tesco To Offer Sustainability-Linked Supply Chain Financing

J Sainsbury PLC

Ocado Group PLC

Tesco PLC (LON:TSCO), J Sainsbury PLC (LON:SBRY) and Ocado Group PLC (LON:OCDO) all face risks from the added competition coming from a new generation of on-demand grocery startups, Credit Suisse has warned. With the pandemic driving growth in online grocery, a “new disruptive channel has emerged”, the Swiss investment bank, with on-demand or ‘i-grocery' services characterized by delivery times of 10-15 minutes from a network of small fulfilment centres in densely populated cities.

Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse

The pandemic has seen many supermarkets temporarily emptied of toilet paper, alongside a boost in grocery shopping as customers' work-from-home patterns have persisted. As the pandemic slowly subsides, consumers could end up cutting their supermarket spending.

UK's Grocer Tesco Battles Through Pandemic, Posts Mixed Results

Tesco plc (LON: TSCO) said on Wednesday that its profit before tax posted a decline in fiscal 2021, attributed to the increased costs due to the ongoing COVID-19 crisis. The company, however, expressed confidence that lower spending in fiscal 2022 will help improve profitability.

Tesco's pre-tax profit slides to £825 million in fiscal 2021

Tesco PLC's (LON;TSCO) annual profits tumbled 20% as the extra costs outweighed a surge in sales sparked by the coronavirus lockdown. Revenues in the year to March jumped by 7% to £53.4bn not including fuel, as people eat at home more but this was offset by £892mln in Covid-19-related costs as staff numbers increased and while the grocer also returned £585mln in business rates relief.

Tesco predicts strong profit rebound after coronavirus costs dent numbers

Tesco, Britain's biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing "exceptionally strong" sales during the COVID-19 pandemic.

Tesco reports 2 billion pounds profit after 'exceptionally strong' sales

Coinbase

On Wednesday, the key news for the UK results diary will be results from supermarket giant Tesco, while there may also be interest in a trading update from recruiter Robert Walters. Meanwhile, US markets and the crypto industry will be buzzing around the direct listing of crypto trading platform Coinbase.

Tesco results to dominate UK diary on Wednesday while Coinbase Nasdaq listing will provide crypto buzz

Tesco PLC (LON:TSCO) has seen its share of the UK grocery market rise for the first time in more than four years as online shopping continues its relentless march forwards. The FTSE 100 supermarket giant saw its share rise by 0.2% to 27.4% in February 2021, the first rise since December 2016 as it saw monthly sales jump 13.2%, according to market researcher Kantar.

Tesco increases grocery market share for first time in four years

A consortium of Tesco PLC (LON:TSCO) shareholders have said they will look to pressure the supermarket giant to cut its reliance on junk food to drive sales growth in what is thought to be the first health-related resolution at a FTSE 100 company. The investor grouping, which numbers over 100 institutional and individual shareholders and is headed by responsible investment group ShareAction, said on Wednesday that its resolution, which will be voted on at Tesco's AGM this summer, will ask for the company to set and report on a target to grow the proportion of its sales derived from healthier products.

Tesco shareholders target junk food sales amid growing UK obesity crisis

Tesco shareholders will vote on a resolution at this year's annual meeting calling for Britain's biggest food retailer to set targets to increase the proportion of healthy products it sells.

Tesco faces shareholder vote to do more to tackle UK obesity

Tesco PLC (LON:TSCO) has asked the government to impose a 1% sales tax on online rivals. The supermarket chain has joined another 18 companies, including Morrisons (LON:MRW), Pets at Home (LON:PETS), Asda and Waterstones, in demanding a "level playing field" with e-commerce players.

Tesco among retailers asking for 1% sales tax for online rivals

Tesco plc (LON: TSCO) said on Thursday that trading remained robust during the Christmas period. In the six weeks that concluded on 9th January, the retailer reported an 8.1% annualised growth in its UK comparable sales.

Tesco says its comparable sales jumped 8.1% in the Christmas period

Tesco, Britain's biggest retailer, on Tuesday followed smaller rivals Sainsbury's and Morrisons, saying it will not let anyone into its stores who is not wearing a face covering, unless they are medically exempt.

Britain's Tesco to deny store entry to customers not wearing face covering

Britain's largest supermarket chain Tesco underpaid almost 80,000 of its workers, the UK government has revealed, as it "named and shamed" dozens of companies for not paying the minimum wage.

Tesco and Pizza Hut 'shamed' for not paying the UK minimum wage

Tesco and Pizza Hut were the two biggest offenders among 139 employers who failed to pay staff the minimum wage between 2016 and 2018, Britain's government announced on Friday after it resumed a policy of publicly naming firms that broke rules.

UK names Tesco and Pizza Hut for biggest breaches of minimum wage law

Tesco's disposals programme continues, with the Asian sale now set to complete. On a sum of the parts valuation, I find the name undervalued.

Tesco: Undervalued But Also Underappreciated

Britain's biggest retailer Tesco said on Wednesday all conditions had been satisfied for the $10.6 billion sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited and the deal should be completed this month.

Tesco says conditions satisfied for $10.6 billion sale of Asia business

Tesco (OTCMKTS: TSCDF) shares have weakened from $3.48 below $2.3 in less than several months and the current price stands around $2.6. Tesco is positioned to weather the COVID-related storms but if the price falls below $2.5 that would be a “sell” signal.

Tesco shares are down 24% YTD. Should I invest?

Tesco's first half results showed higher revenue but lower operating profits.

Tesco: Heading In The Right Direction

Tesco plc (LON: TSCO) said on Wednesday that its pre-tax profit in the first six months of the current financial year came in higher on the back of an increase in revenue. The company also named Imran Nawaz as its new CFO scheduled to take on the role from April 2021.

Tesco’s pre-tax profit jumps to £551 million in the fiscal first half

Shares in Tesco increased 4% on Tuesday, as the supermarket giant posted a 28.7% rise in first-half profit as shoppers bought more food during the pandemic and online sales doubled.

Online sales double at Tesco, boosting profits as new boss promises Christmas won’t be canceled

Dave Lewis steps down on Wednesday after six years as Tesco chief executive, during which he got Britain's biggest retailer back on track after an accounting crisis, leaving new challenges for his successor Ken Murphy.

Lewis checks out at Britain's Tesco, leaving challenges for new CEO

Tesco , Britain's biggest retailer, said on Wednesday it would next month trial grocery home deliveries with drones as it experiments with different ways to reach more customers.

Britain's Tesco to trial drone deliveries

U.K.-based retailer Tesco PLC TSCO.L will offer free grocery delivery in a bid to head off Amazon.com's AMZN.O attempt to break into the British online grocery market, according to the Telegraph.

Tesco to offer free grocery delivery in Amazon challenge: Telegraph

Tesco plc (LON: TSCO) said on Monday that the Coronavirus pandemic fuelled an unprecedented growth in its e-commerce unit. To that end, the largest British supermarket chain expressed plans of creating up to 16 thousand new permanent jobs to cater to the rising online demand, that it said was still showing resilience even after the government eased COVID-19 restrictions.

News for Tesco PLC Stock (TSCDY)