Tesco share price crashed to the lowest level since January 2019 after the company published weak interim results. The TSCO...
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 has been under intense pressure in the past few days as concerns about the UK economy remain....
The Tesco share price is up 1.56% on the day as the stock tries to break from its recent free...
In the early hours of today’s trading session, Tesco’s share price is up by 2.5 per cent. The current move...
Tesco share price has wavered in the past few days as investors focus on the deteriorating UK economy. The TSCO...
Tesco share price has been in a strong recovery as UK stocks rebound. TSCO shares rose to a high of...
Tesco’s share price opened today’s trading session with a gap up and has since dropped by almost a percentage point....
Tesco’s share price showed great performance in July, closing the markets up 2 per cent, despite the previous five months...
Tesco share price has made a slow comeback in the past few weeks, even as the outlook for the retail...
Tesco share price has continued to struggle in the markets, partly because it is among the most affected industries in...