Article

Tesco's UK and Ireland boss steps down after cancer diagnosis, to be replaced by chief product offic

July 10 2018

Britain's biggest retailer said Charles Wilson, the former CEO of wholesaler Booker which Tesco acquired in a deal that completed in March, will focus on leading the Booker business

Article

Tesco-Carrefour tie-up a 'direct response' to Sainsbury's-Asda merger, analysts say

July 02 2018

Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon

Article

Tesco and Carrefour announce strategic alliance to cut costs and prices

July 02 2018

Tesco and Carrefour said the partnership will allow the companies to improve the quality and choice of products at lower prices

Newswire

Tesco to end Brand Guarantee scheme, focus on lower everyday prices

June 25 2018

Tesco said as a result of the group’s investment in lower everyday prices, fewer than one in eight transactions receives any refund

Article

Tesco boosted by 'buy' rating and target price hikes by UBS and Deutsche Bank

June 18 2018

Tesco had a solid start to the year with first quarter sales supported by the acquisition of Booker

Article

Tesco up as it delivers tenth consecutive quarter of positive like-for-like sales growth, boosted by

June 15 2018

In a first-quarter trading update for the 13 weekend to 26 May 2018, the retail giant reported group like-for-like sales growth of 1.8%, with an increase in the UK & the Republic of Ireland of 3.5%

Article

Tesco's banking unit saw customers unable to access app or online services on Tuesday

June 05 2018

Tesco Bank, which has more than five million customers, apologised for the shutdown which lasted about four hours from 9.30am, according to the BBC News website

Article

Tesco to shut loss-making Tesco Direct website

May 23 2018

The Tesco Direct website will cease trading on July 9

Article

Tesco gets 'buy' rating from Citi on resumption of coverage

May 21 2018

Citigroup thinks the market has been overly focused on synergies from the merger and is missing the scale of opportunity for Tesco in the wholesale market

Article

Berenberg ups target for Tesco, predicting LFL sales boosts and wholesale growth

April 12 2018

The German-based bank said the FTSE 100 group’s own-label initiatives “are the key operational focus for the company in FY 2019E”

Article

Tesco posts 28% rise in underlying operating profits as turnaround under Dave Lewis continues

April 11 2018

The UK’s largest supermarket enjoyed a particularly successful year in its core UK & Ireland market, where like-for-like sales grew 2.2% as sector conditions continue to pick up

Article

Tesco: The road to redemption

April 11 2018

Tesco was in a mess when Dave Lewis came in three-and-a-half years ago, but the former Unilever man has dragged the retailer through the recovery process and the turnaround looks almost complete

Article

Berenberg upgrades Tesco to 'buy' ahead of results; ups Morrisons to 'hold'

April 06 2018

The German bank's analysts said they upgraded Tesco to 'buy' from 'hold' due to improving sector conditions, inflation headwinds easing and competitive pressures subsiding

Article

Tesco and Morrisons outpace the rest of UK's big four supermarkets, Kantar data reveals

April 04 2018

Discount grocers Aldi and Lidl are continuing to disrupt the market with sales outperforming Britain's four largest supermarkets

Article

Tesco to be transformed by Booker acquisition, in JP Morgan Cazenove's view

March 15 2018

"We see Tesco as a visible turnaround with moving parts (eg, new management, access to new markets, synergies, cost savings, legacy assets)," the broker said

Article

Tesco gains as Barclays reinstates 'overweight' rating after Booker takeover

March 06 2018

Tesco's shares were also lifted by the latest industry data, which showed it was one of the best performing supermarkets over the last three months

Article

Tesco completes £4bn takeover of Booker after getting shareholder approval last week

March 05 2018

Britain's biggest retailer said the cash and shares deal, originally worth £3.7bn when it was first revealed in January 2017, was implemented through a court-sanctioned scheme of arrangement

Article

Tesco shares rally despite record £4bn equal pay lawsuit

February 07 2018

Lawyers accuse Tesco of paying its male-dominated warehouse staff more than its predominantly female store workers, even though the value of the work is comparable

Newswire

Tesco loses market share as Lidl and Aldi outperform again

February 06 2018

Like Tesco, big four rivals Asda and Morrison both experienced sales growth of 2.2%, though lost market share for the 12 weeks to 28 January 2018

Article

Tesco confirms final dividend and says Booker CEO will head retail arm after merger

February 05 2018

Tesco confirmed it will pay a final dividend of 2p and expects to report a profit of at least £1.575bn

Article

Tesco to cut 800 jobs as it streamlines operations amid tough competition

January 22 2018

Tesco said it hopes to improve efficiency with the job cuts, which will affect 1,700 employees

Article

Tesco slides despite strong food sales driving it to record Christmas

January 11 2018

Like Sainsbury’s on Wednesday, Tesco has told investors it enjoyed a record festive season with UK sales rising 2% in the month leading up to Christmas day

Article

Kantar has Tesco as its top Christmas cracker, but market reckons it could still be a festive turkey

January 09 2018

Despite being the top performer among the ‘Big Four’ over Christmas, Tesco shares have been hampered by Morrisons’ good numbers and the continued rise of the discounters

Article

Tesco and Booker given final clearance by CMA for £3.7bn merger

December 20 2017

Tesco expects its merger with Booker to be completed in March

Article

Grocers bagged as Goldman Sachs ups ratings for Tesco and Wm Morrison's

December 05 2017

The US investment bank upped its stance for Tesco to ‘buy’ from ‘sell’, while boosting its price target from 155p to 220p (current price 201p)