Wattle Health Australia to buy into nutritional dairy manufacturer
The company is acquiring a 5% equity interest in Blend and Pack.
Company
Tesco PLC
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
1014 stories · page 8 of 11
Tesco's proposed Booker takeover to undergo in-depth competition investigation
The UK's competition regulator has raised concerns about Tesco's plans to buy Booker
Aldi threatens to take larger slice of UK grocery market share with expansion plans
Tesco, Sainsbury, Morrison's and Aldi have been losing market share to discounters Aldi and Lidl
Booker shares gain after reporting first quarter sales growth amid Tesco takeover probe
Booker's first quarter results were boosted by favourable weather and a late Easter
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Grocery surprises in Sainsbury's quarterly sales beat, but Argos still doing the heavy lifting
Sainsbury’s surprised the market with an increase in first-quarter like for like sales, excluding fuel, of 2.3%, exceeding analysts’ expectations for a 1.9% rise
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Argos to put some zip into J Sainsbury
Week ahead, J Sainsbury, Non-farm payrolls, Ocado, Imagination Technologies
Tesco asks competition regulators to speed up investigation into its £3.7bn Booker acquisition
Tesco and Booker have requested that the CMA to wrap up its phase one investigation early and get on with the more in-depth phase two process
Tesco cuts another 1,200 jobs as cost-drive touches all areas
Cost-cutting drive is designed to save the grocery giant £1.5bn
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Trending: Interest rates, Philip Green, Costa and Google
Tesco to cut 1,200 jobs, Interest rates, Philip Green, Costa and Google
Tesco strong as UK supermarkets see highest sales growth in five years, driven by rising inflation
Kantar Worldpanel said overall supermarket sales rose by 5.0% in the 12 weeks to June 18, a stark contrast to the 0.2% decline seen this time last year
Tesco, Sainsbury's and Morrisons all set to trial ‘Uber-style’ surge pricing
Electronic labelling would allow stores to hike or lower prices at the press of a button
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Conservatives reach deal with DUP to support minority government
Theresa May's Tories have agreed a pact with the DUP while Italy's government has committed up to €17bn to rescue two banks
Supermarket Income REIT set for £200mln London float next month
The company is looking to pay a whopping 5.5% dividend starting in October, with plans to grow it over the coming years
HSBC says sentiment towards UK food retailers after Amazon/Whole Foods Market seems to be "creating a self-fulfilling prophecy"
The bank's analysts pointed out that while there remains a fear of Amazon entering the UK, the food retail sector is likely to remain depressed
Tesco fined £8mln for petrol station leak that polluted river and made residents ill
Tesco has pleaded guilty to health and safety breaches and an environmental offence
Tesco's sales rise as price cuts attract customers but analysts warn inflation may hit margins
Tesco's first quarter sales growth was driven by its core UK supermarket business as the supermarket's restructuring under boss Dave Lewis continues to gather pace
FTSE 100 heads higher despite supermarket shake-out as Amazon pounces
Late surge sees FTSE 100's loss on the week sliced to 83 points
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Tesco update should show revival continuing, but plenty of uncertainties for food retailers
Day Ahead: Tesco, SThree trading updates; Bank of Japan policy meeting
Berenberg downgrades rating for TalkTalk in note flagging up uncertainties in the UK telecoms and broadband sector
The broker’s analysts cut their stance on the FTSE 250-listed firm to ‘sell’ from ‘hold’ after chopping its target price by 37%, to 140p from 224p
FTSE 100 finishes lower amid UK political uncertainty and US tech sell-off
Around 8.45am, the UK blue chip index was about 24 points lower at 7,503, having gained around 1% on Friday after international stocks benefited from sterling’s falls
Tesco accounting scandal investigation by FRC into auditor PwC concludes
The FRC is continuing to investigate chartered accountants who were auditors of Tesco in the accounting scandal
Tesco and Morrison's best 'Big Four' players as all grocers again see sales grow with inflation rising
Grocery price inflation was up 2.9% year-on-year in the 12 weeks to May 21, from a 2.6% increase in the previous three month period.
Tesco confirms Competition and Markets Authority starts "standard phase 1 review” of Booker takeover
The FTSE 100-listed firm said the phase 1 review was triggered today after it filed a formal notification with the CMA in respect of the proposed merger
Credit Suisse raises target prices for Tesco, Sainsbury's and Morrison's after revisiting bearish thesis
In a note to clients entitled ‘The re-invention test’, the Swiss bank’s food retail analyst, Stewart MacGuire pointed out that although market share declines continue, deep cost cutting has raised operating profits
FTSE 100 trades sideways as big oilers dented by OPEC decision
FTSE 100 closed at 7,517 - up 2.81. points, or 0.04% and failed to make a record close
Tesco's boss Dave Lewis receives 10% pay cut despite return to sales growth
Tesco's chief executive and finance director received pay cuts last year after fines related to its accounting scandal hit profits
Morrison's up as it reports sixth consecutive quarter of underlying sales growth
In a trading update for the 13 weeks to April 30, the FTSE 100-listed group said sales at stores open over a year, excluding fuel, rose by 3.4% in the period
Sainsbury's and Argos were unlikely bedfellows, but partnership looks to be working - at least for Argos!
John Ibbotson, director of the retail consultancy Retail Vision, commented: “What began as a bolt-on has turned into a lifeboat. For the embattled Sainsbury’s, the Argos acquisition is looking more inspired by the day”
Easter sugar rush: Kantar Worldpanel data shows all 10 major food retailers in growth for the first time in three-and-a-half years
Kantar Worldpanel’s latest data revealed that the overall grocery market has grown by 3.7% – the fastest rate since September 2013 - worth almost £1bn in additional sales
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Deterioration of conditions for grocers eyed in updates from Sainsbury and Ocado
Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
Archive
HSBC may struggle to match rivals
HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
Supermarket sweep: Updates from Sainsbury's, Morrison's to be closely-eyed amid margin concerns
In an update in March, Sainsbury’s move to diverse from grocery with the acquisition of high street catalogue retailer Argos looked to be paying off as its total like-for-like sales grew by 0.3%
Partnership deal with Tesco helps N Brown overcome drop in full-year profits on mis-selling charge
The firm saw its pre-tax profit drop to £57.6mln for the year to March 4, down from £72.2mln a year earlier, impacted by an exceptional cost of £25.2mln relating to customer complaint redress in its financial services business
Archive
Osborne to stand down as an MP to concentrate on his other jobs
Theresa May's decision to dodge the televised party leader debates attracts derision while George Osborne's decision to stand down as an MP is front page news in the paper he edits
Looking ahead: Tesco sells its opticians business in the UK and Ireland to VisionExpress
Tesco Opticians currently operates in 206 of the retail giant’s stores across the UK and three stores in the Republic of Ireland, as well as online, and employs approximately 1,500 staff
Tesco slumps as Goldman’s bearish streak continues
The banking giant has lowered its estimates for the next few years and said free cash flow generation “remains the concern”
Archive
Torrent of tweets on toxic Tesco
To say opinions are divided on Tesco would be to imply that someone actually likes them ...
Tesco: On track or going back?
The underlying performance seems to be heading in the right direction, but Tesco isn’t out of the woods just yet
Tesco slumps despite better-than-expected results
Underlying profits beat forecasts at £1.28bn, but investors still weren't convinced
FTSE 100 closes lower as supertanker Tesco sinks
With US stocks tipped to open lower, the top-share index has slipped into the red
Where to invest as inflation begins to grip UK-focused stocks
Stocks with pricing power, such as pharmaceuticals and utilities, are most likely to weather the impact of rising inflation.
Archive
Tesco hoping to put Booker doubts to bed
Tesco is expected to underline recent progress and that legacy issues are being dealt with
Fraud Office ends Tesco investigation after £129mln settlement
The supermarket group agreed to pay a £129mln fine for overstating its profits
Investments and investor services
FTSE 100 closes flat as war of words over Syria continues
AstraZeneca is under the weather after being downgraded but Shaftesbury is a hot property on bid speculation
Archive
Week ahead: Recruiters to provide Brexit insight while Tesco delivers finals
Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
Archive
Tesco hoping to put Booker doubts to bed
Tesco is expected to underline recent progress and that legacy issues are being dealt with.
Tesco, Sainsbury's see sales decline in latest Kantar data, although Morrison's maintains recent recovery
In the 12 weeks ended March 26, Morrison’s achieved sales growth of 0.3% year-on-year, although its market share slipped to 10.4% from 10.5%
FTSE 100 finished higher as miners support; supermarkets weigh
FTSE set to rise by fifteen points when the market opens
Tesco's proposed Booker merger unlikely to transform the supermarket, analysts say
Tesco will need to do a lot more convincing to gain shareholder approval for its merger with Booker, according to analysts
Archive
Booker Group to post trading update after Tesco merger thrown into doubt
With Brexit’s Article 50 out of the way, the attention turns to corporate news tomorrow.
Archive
Trending: Tesco facing battle to nab Booker prize
Tesco, Twitter, Google and the launch of the new pound coin
Tesco committed to Booker merger despite shareholder opposition, says boss Lewis
Tesco's major shareholders Schroders and Artisan Partners have asked the supermarket to pull its offer for Booker Group
Tesco to pay £129mln fine to settle 2014 accounting scandal
Tesco expects to take an exceptional charge of £235mln in its full year results to cover its fine for its 2014 accounting scandal
Investments and investor services
FTSE 100 closes higher as Brexit returns into view
FTSE 100 was little changed as investors mull US President Donald Trump's next move after his healthcare setback
FTSE 100 closes lower on Trump fears; miners take a hit
The FTSE 100 is off over 60 points as US shares dive on infrastructure concerns
Archive
Bitter taste as Tesco pulls over half Heineken's beer range after brewer's Brexit price hikes
Britain’s biggest retailer has scrapped 31 of the Dutch company’s brands and is now stocking only 22 of the 53 it was selling at the start of the year
Deutsche Bank sees Tesco and J Sainsbury going in opposite directions
Deutsche Bank moved Tesco to a ‘buy’ from ‘hold’, while it went in the opposite direction with Sainsbury.
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.
Archive
Tesco chairman only "joking" when he said white men an "endangered species" in UK boardrooms
John Allan, who became Tesco chairman in 2015, told the Retail Week Live conference last week that women and people from an ethnic background were in an "extremely propitious period" when it came to getting top jobs in business
Archive
Nice work if you can get it - George Osborne to trouser £650k a year working for BlackRock
The US asset manager announced in January that the former UK Chancellor of the Exchequer would work as a part-time senior adviser
FTSE 100 stocks endure a refund as supermarket Morrison falls
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook
Morrisons enjoys strongest sales growth among Big Four supermarkets, data reveals
The Big Four supermarkets are continuing to lose market share to Lidl and Aldi as shoppers begin to spend more cautiously due to rising prices of grocery items
Archive
FTSE shares fall ahead of Budget, as Paddy Power Betfair slumps
FTSE 100 shares end lower on Tuesday ahead of the Spring Budget speech on Wednesday and as Paddy Power Betfair shares slump
Tesco to cut 1,700 deputy manager roles at Express convenience stores
Tesco will replace deputy managers at Express convenience stories with "shift leaders" as part of a major shake-up of the business
Investments and investor services
FTSE 100 ends higher as food groups power gains on takeover battle
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
What does US$250,000 get you at Berkshire Hathaway?
The answer is one share, but there’s more to it than that
Archive
Roll-outs: The good, the bad and the ugly
He's one of the big players in UK fund management, although for the purposes of this column his identity is a closely guarded secret as he gives his views on investment from the heart of the Square Mile.
Archive
Discounter Aldi has overtaken the Co-operative to become Britain's fifth biggest supermarket group
Aldi's sales rose 12.4% year-on-year in the 12 weeks to January 29, taking its market share to 6.2% ahead of the Co-op's 6.0%, market researcher Kantar Worldpanel said.
FTSE 100 shares soft but Randgold and small caps jump
FTSE 100 stocks ended lower with sombre Wall Street shares on Monday although gold miner Randgold Resources was the stand out gainer while small-caps scaled record highs
FTSE 100 shares fall after Trump’s travel ban order
FTSE 100 shares ended lower on Monday, following falls in Asia and Europe after President Donald Trump's decision to impose a travel ban on seven Muslim-majority countries
HSBC thinks it was a good Christmas for all the food retailers, with Tesco and Morrison's standing out
HSBC believes the gap between winners and losers in the sector is likely to widen, and repeated a ‘buy’ rating on sector leader, Tesco,
The Booker prize: Tesco gets its mojo working
Unexpected item in the blagging area. Five reasons to consider buying Tesco.
Tesco's "skinny" bid terms may flush out other bidders for Booker
The deal looks like a cracking one for Tesco, but is it paying enough and will the CMA sanction it?
Purplebricks mystified by share price surge
The biggest share price rises and falls in London at 3.30pm
Tesco pops Booker in the shopping trolley; signals return of divi
The agreed cash plus shares terms value Booker at around £3.7bn
Archive
FTSE 100 shares firm after Tesco gains on Booker deal
FTSE 100 shares edged higher on Friday, helped by a jump by supermarket Tesco
Tesco reportedly facing fresh damages claim from a US investor over its 2014 accounting scandal
The Financial Times reported that US fund manager Manning & Napier alleges it suffered losses of US$212mln because of Tesco's accounting irregularities.
Archive
Cyber criminals targeted Lloyds Banking Group websites with 'denial of service' attack
According to media reports, Britain's largest mortgage lender was hit by a distributed denial of service (DDoS) attack on January 11, which carried on for two days.
FTSE 100 shares swing but close below 7200
FTSE 100 shares swung on Friday but ended down 10 points and below 7200 as the 45th President of the United States was being sworn in
OptiBiotix brings on board experienced sales director
Christina Wood will join the board in due course subject to the necessary due diligence
Goldman Sachs thinks Tesco is seriously overvalued
In a note following Thursday’s round-up of festive trading, Goldman repeated its sell and 150p a share price target.
Tesco fails to wow City with festive update with brokers suggesting the stock is fully valued
Traders appeared to give a shrug of shoulders and utter a collective ‘meh’ as the stock drifted 2.4% after a slightly-better-than-expected festive performance by the food retailer.
Tesco PLC shares weak reflecting some disappointment at Christmas sales mix
Tesco only saw its group like-for-like sales increase by 0.3% over the Christmas trading period, with 0.7% growth in the UK, but a 1.2% decline internationally.
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
Upbeat Christmas trading news continues for UK supermarkets, but German-owned discounters still strong
The ‘Big Four’ supermarkets look to be slowly reviving after a tortuous few years, helped by the return of food price inflation, but growth of Lidl and Aldi continues.
Sainsbury's off highs as reality remains that only a contribution from Argos helped the retailer over Christmas
Britain's second biggest supermarket posted like-for-like sales growth of 0.1%, excluding fuel, while high street chain Argos saw its like-for-like sales increase by 4.0%.
FTSE 100 hits 10th successive record high close
FTSE 100 shares appear positively related to the Nasdaq as the London ticker again hits a fresh record high on Wednesday - its tenth successive
Industry data shows Tesco recorded fastest sales growth of ‘Big Four’ supermarkets in Christmas quarter
Research group Kantar Worldpanel said Tesco’s sales grew by 1.3% over the 12 weeks to January 1, outperforming Morrisons’ 1.2% growth, and falls by Sainsbury and Asda.
Morrisons jumps as it posts strongest underlying Christmas sales performance for seven years
Morrisons said sales at stores open over a year, excluding fuel, rose by 2.9% in the nine weeks to January 1, smashing analysts’ average forecast for growth of 1.1 %.
FTSE 100 marks longest record-breaking rally in history
The FTSE 100 index has closed at a record high for the ninth day in a row on Tuesday, the longest such stretch in history, as the bourse got a boost from a weaker home currency
Morrisons hit by BofA Merrill Lynch downgrade a day before it kicks off sector’s Christmas trading updates
In a review of the European food retail sector, the US bank’s analysts downgraded their rating for Morrisons to ‘underperform’ from ‘neutral’.
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
If it's January, it must be time for a supermarket price war
The grocery chains are all set to release trading statements covering the Christmas trading period, and Morrisons could be the surprise performer, Exane believes
FTSE 100: the good, the bad, and the ugh!
It was a fantastic year for the miners, less so for the airlines and the retailers.