The Tesco share price has been under pressure in the past few weeks. It is trading at 217p, which is 13% below the year-to-date high of 250p. Other UK retailers like Sainsbury and Morrison Supermarket shares have dropped by 15% and 10% from their YTD highs. The background: Tesco is […]
The Tesco share price has fallen heavily in the last three days, as the impact of the share consolidation takes root. Shareholders had voted with an overwhelming 98% majority to consolidate Tesco stocks into 7.731 million shares. The impact of this consolidation has seen the Tesco share price falling 5.4% […]
Tesco share price is down today after thousands of customers were double-charged, in what appears to have been a technical glitch. The discovery of the double-charge came as thousands of Tesco customers complained of delayed payments at the company’s stores in the UK. Card machines are said to be displaying […]
Trading activity on the Tesco share price appears to be adjusting the price downwards after shareholders approved a special dividend payment of 5 billion pounds. This move follows the sale of its Thai and Malaysian operations last year. The dividend payment comes to 50.93p per share, which is about a […]
Tesco share price is off intraday lows this Monday after it emerged that conventional UK retailers are canvassing for an implementation of a sales tax on 100% online retailers. According to a report by Sunday Times, referencing leaked email conversations, online retailers in the UK such as Tesco, Asda and […]
The Tesco share price activity for today may be lower, but there is hope for better days ahead for this stock if the latest sales activity data of online supermarkets in the UK is anything to go by. A Reuters report indicates that the UK’s grocery market witnessed a 12.2% […]
Tesco share price looks poised for a higher open after the company announced it was providing a special dividend to existing shareholders. Under the terms of the proposed dividend payment, Tesco shareholders will receive a little over 50 pence for every ordinary share held. The dividend payment is expected to […]
Tesco share price is only mildly higher as the company prepares to launch tender offers for $3.5 billion. The tender offer will sell notes that will pay an interest of a maximum of 6.125%, with tenors lasting from 1 year to 22 years, and another offer for 750 million Euros, […]
Tesco share price is under intense pressure. It has dropped by more than 2% making it the fifth worst-performing stock in the FTSE 100 today. It has also dropped in the past six consecutive days and is down by more than 4.50% since January 7. Other retailers like Sainsbury’s, Ocado, […]
The FTSE 100 is rallying today ahead of the important stimulus speech by Joe Biden. The index is trading at £6,770, which is slightly below this year’s high of £6,975. The focus will be on Tesco, Whitbread, Hays, and DuneIm that will publish their trading statements. Tesco share price in […]
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