Berenberg ups target for Tesco, predicting LFL sales boosts and wholesale growth
The German-based bank said the FTSE 100 group’s own-label initiatives “are the key operational focus for the company in FY 2019E”
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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Investments and investor services
FTSE 100 closes near flat as Middle East tensions cool
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
Tesco: The road to redemption
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
Tesco posts 28% rise in underlying operating profits as turnaround under Dave Lewis continues
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
Investments and investor services
FTSE 100 closes in red amid trader tensions but Tesco soars
FTSE 100 closed in the red - down around nine points at 7,257
Archive
Tesco's results to be a "positive catalyst" for the share price
Updates are expected from Tesco, ASOS, PageGroup and McCarthy & Stone
Mothercare might close 47 stores as it struggles to survive on the High Street
According to The Sunday Times, the FTSE SmallCap firm could shut around a third of its 143 stores throughout the UK by entering a company voluntary agreement
Archive
Retailers and recruiters in focus as Tesco, ASOS, Hays and PageGroup report
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
Berenberg upgrades Tesco to 'buy' ahead of results; ups Morrisons to 'hold'
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
Mothercare brings in former Tesco executive as new CEO
The mother and baby products retailer said the appointment was in line with the company’s transformation plan and its aim to return to growth
Tesco and Morrisons outpace the rest of UK's big four supermarkets, Kantar data reveals
Discount grocers Aldi and Lidl are continuing to disrupt the market with sales outperforming Britain's four largest supermarkets
Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
Tesco to be transformed by Booker acquisition, in JP Morgan Cazenove's view
"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
Morrisons is not the basket case it once was
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
Tesco gains as Barclays reinstates 'overweight' rating after Booker takeover
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
FTSE 100 closes 30 points ahead as Dow Jones turns negative
The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.
Tesco, Morrisons and Sainsbury's to benefit from easing inflation, says Jefferies
Jefferies upgraded Tesco and Morrisons to a 'buy' rating but left Sainsbury's at 'hold'
Tesco completes £4bn takeover of Booker after getting shareholder approval last week
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
Archive
FTSE 100 closes higher as US benchmarks stage turnaround
FTSE 100 closed around 46 points higher at 7,115. Little brother FTSE 250 also gained ground - up over 180 points at 19,567.
UK retail shares drop after Toys R Us UK and Maplin enter administration
Toys R US and Maplin have struggled to cope with weakening consumer confidence and rising online competition from the likes of Amazon