Tesla (Nasdaq: TSLA) stock price declined further on Monday, as investors reacted to news of the company’s move to cut...
Tesco share price
TESCO Plc (LON: TSCO) is a British retailer specializing in retail grocery sales combined with general merchandise sales. The retailer has operations in five other European countries and is the leading grocery retailer in the UK with a 28.4% market share.
Jack Cohen founded TESCO in 1919 as a group of market stalls in London. Cohen started using the TESCO name in 1924 after buying a tea shipment from T.E. Stockwell, which accounts for the first three letters of TESCO. The first TESCO shop was opened in 1931.
The retailer’s recent financial performance has cemented its position as a market leader in the UK as its recent half-year revenues and profits beat analysts’ expectations. The retailer even launched a £500 million share buyback program to reward its shareholders after the excellent earnings.
What is Tesco?
TESCO is the UK’s largest supermarket chain and can be a solid indicator of consumer demand in the country. However, the retailer’s consumer retail business was hit by the reopening of the British economy, which saw many people venture out and eat in restaurants instead of at home.
The retailer’s wholesale business operating under the Booker brand has witnessed resurgent demand driven by the reopening of eateries and restaurants. As a result, Tesco continues to thrive while many other grocery retailers were negatively affected by the easing of most lockdown restrictions in the UK.
Tesco latest news
Tesco share price is still holding above its 289p resistance level despite lacking bullish momentum. On Thursday, the share of...
Tesco share price is having the third consecutive red day of the week as most UK shares slipped on Thursday....
Tesco share price appears to be testing the 272p level for support as the retail giant opened the week in...
Due to the guidance upgrade at the start of the month, Tesco shares (LON: TSCO) broke above the 272p resistance...
Tesco share price outperformed the FTSE 100 index on Wednesday. On the day when the benchmark index remained sideways, Tesco...
Tesco (LON: TSCO) share price seems to be facing headwinds after failing to reclaim the 272p level. The shares of...
Tesco (LON: TSCO) share price has been soaring since last week. The shares for the British retailer were up 7.2%...
Tesco (LON: TSCO) share price opened the day at 249.6p and increased by 0.81%. On Tuesday, the share price for...
Tesco (LON: TSCO) share price continues to have a strong upside pressure after the inflation rate slid to 7.9% annually...