Tesco's extra pandemic costs are groundwork for the online future
Shares in the grocer, despite the coming £5bn dividend and ending the drag on cash flow, are lower than where they were before the pandemic
Company
Tesco PLC
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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Tesco reports stronger festive sales but coronavirus costs higher
The grocer will return £5bn via a special dividend followed by a share consolidation just before the end of February
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FTSE 100 finds its way to a positive finish; US stocks up in stimulius anticipation
Traders in New York seem to be more interested in the upcoming stimulus announcements from Joe Biden rather than a worse than expected number of jobless claims last week
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Retail and leisure set for Thursday’s spotlight, with updates from Tesco, Primark-owner ABF, Boohoo and Whitbread
Christmas trading and coronavirus lockdown restrictions will be among the key themes as retailers update the market.
Tesco and other grocers join ban on shoppers without facemasks
Morrisons said yesterday it would ban shoppers not wearing masks
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FTSE 100 ends lower on mining sector dip; US tech stocks fall after Trump ban brings additional scruitiny
Rio Tinto Group, BHP Group and Anglo American plc were among the laggards
Retailers warn of price rises if agreement on tariffs is not agreed before Brexit
Will it be all right on the night when Britain leaves the EU? Probably not, if retail bosses are to be believed.
Tesco to pay £5bn special dividend in late February after Thailand approves disposal
Shareholders will first need to approve the deal and dividend at a general meeting on or around February 11, 2021
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FTSE 100 holds up in countdown to Brexit dinner talk; Wall Street reacts to stimulus doubt
London’s leading index advanced 17 points to 6,576
Tesco's grand gesture on business rates disguises an ulterior motive
“Tesco can now pay its Asian special dividend without incurring any flack, whilst impeding its competitors’ financial progress,” said analyst Clive Black at Shore Capital
Tesco's rejection of rates relief sparks surprise and indignation in the City
One analyst said the grocer's statement was “totally contradictory”, while another said it “poses a question” about looming capital return plans
Tesco repays £585mln of business rates relief as 'right thing to do'
"We are financially strong enough to be able to return this to the public, and we are conscious of our responsibilities to society," said chairman John Allan
Tesco sets up solar farms as it brings forward net-zero goals by 15 years
The environmental goals had initially been set for 2050
Tesco receives green light from Thai authorities for Asian business sale
The deal will trigger a potential £5bn return of capital to shareholders
Which companies will be hit hardest as England enters lockdown this week?
Non-essential businesses will be forced to close for a month until December 2
Tesco under fire in Wales after deeming period products non-essential
The supermarket blamed it on the government's measures while the latter said Tesco was wrong
Look past Tesco's window dressing and its pandemic profits are clear
The supermarket giant put no workers on furlough but along with the rest of the retail industry is receiving a 12-month business rates holiday
Tesco sales and profits surge as supermarket demand blots out coronavirus costs
While COVID-19 led to £533mln of extra UK costs, much higher sales volumes and the government’s business rates relief meant underlying retail profit still rose
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FTSE 100 stays flat; US markets snap back after Tuesday afternoon selloff
The London blue-chip index did not move before close and sat at 5,949
New Tesco chief executive Ken Murphy to oversee retail giant’s results for first time
For the second quarter, analysts at UBS forecast Tesco reporting 6.3% growth in UK retail like-for-like sales, excluding fuel and the Booker wholesale arm