Tesco is planning to hire 20,000 people to work its supermarkets over the next three months as UK shoppers thronged...
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 trading around a confluence of resistance around 235.0. Looking at the technical setups on the daily,...
Tesco share price is trading lower this Wednesday as the company reports that its costs are mounting and could dent...
Tesco share price is up by about 30 basis points today while the overall FTSE 100 index is down by...
Tesco share price bounced back after the Financial Reporting Council (FRC) dropped an ongoing accounting investigation. The share price is trading at £227 after dropping to £224 earlier in the day. The overall FTSE 100 index is trading £6,485.
Tesco announced today that it sold its Polish business to Salling Group for £181 million to focus on the Czech Republic, Hungary and Slovakia. The deal, which is subject to approval from regulators
Tesco share price is up today as the company’s investors continue to applaud its restructuring efforts aimed at keeping the...
Tesco share price is down by more than 1.1% as traders wait for the company’s first-quarter earnings. The shares are trading at 224p, which is the lowest it has been since June 16. This makes it the worst-performing retailer in the FTSE 100, which has also declined by 0.88%. Sainsbury’s share price has dropped by 0.88% while Morrison Supermarkets has fallen by more than 1%. Ocado share price has fallen by almost 1%. Perhaps, investors are looking ahead to Tesco’s upcoming earnings.
Tesco share price declined sharply after the UK retailer released its Q1 corporate earnings data. The shares are trading at...
Tesco share trades higher today amid improved investors sentiment and a sharp rise in online shopping during the coronavirus crisis...