Tesco

News & Analysis

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• Tesco, Home Retail Facing Shareholder Ire

  BNET - 2009-07-03

  Retail executives will be dismayed at shareholder militancy at the moment. Tesco just managed to push through a change to share options rules, against strong opposition at its AGM. Argos owner Home Retail Group had a similar groundswell against bonus payments to directors at its AGM too. ...

  Tags: Shareholder, Tesco, Director, Financial Accounting, Finance, Julian Goldsmith

• Recession's Impact on Fresh & Easy Drags Down Tesco Results

  BNET - 2009-04-21

  Investors may insist that Tesco, which spent about 300 million pounds, about $438 million, on capital expenditures in the U.S. last year as it was suffering 148 million pounds in real losses, apply its resources where it can expect better returns. by Mike Duff

  Tags: Pound, Tesco, Recession, Financial Accounting, Finance, Mike Duff

• Staying on Top of Recession, Wal-Mart Adds Tesco-esque Financial Services

  BNET - 2009-02-18

  In the midst of a recession it is handling pretty well, Wal-Mart is establishing a financial services program for its customers with a particular emphasis on lower income consumers who might not have a checking account. The move in financial services calls to mind Tesco in the...

  Tags: Wal-Mart Stores Inc., Tesco, Recession, Financial Service, Financial Planning, Financial Services, Finance, Mike Duff

• Tesco Approaching 120 Fresh & Easy Stores, Despite Challenges

  BNET - 2009-01-22

  Despite experiencing some bumps in the road, Tesco’s Fresh & Easy operation is poised to reach 120 stores in the United States by the time the company’s financial year ends in February, which puts it about a third of the way to profitability. Based on earlier company...

  Tags: Tesco, Store, Retail, Food & Beverage, Financial Accounting, Manufacturing, Finance, Mike Duff

• Tesco India talks

  - 2008-06-23

  TESCO INDIA TALKS: According to an article in India's Economic Times, Tesco PLC is in discussions with multiple potential partners regarding its entry into the Indian market. One company mentioned by "industry sources" is Parsvnath Developers, which acknowledged it is talking with global retailers but declined to specify which ones....

  Tags: Economic Times, FINANCE, Retail, Tesco

• Tesco SKorea to buy discount chain for 1.86 bln dlrs

  - 2008-05-14

  SEOUL AFP — The South Korean unit of British giant Tesco said Wednesday it has agreed to buy debt-stricken discount retail chain Homever for 1.86 billion dollars. Samsung Tesco Homeplus president Lee Seung-Han said the acquisition of the 35 Homever stores, owned by fashion retailing group E-Land, would cost...

  Tags: Agence France-Presse, FINANCE, Investment, SALES, Samsung Electronics Co. Ltd., Tesco

• What the papers said

  - 2008-04-19

  THE INDEPENDENT Marks & Spencer tasted victory lost week in a long-running legal bottle with HM Revenue & Customs over 3.5m [pounds sterling] of overpaid value-added tax on chocolate teacakes. The European Court of Justice ruled in favour of M&S in the dispute, which spanned 12 years and took...

  Tags: bottle, Cadbury Schweppes Plc., European Court, FINANCE, SALES, Taxes, Tesco

• FTSE treads water.

  - 2007-10-31

  Investors step back ahead of the US Fed's interest rate decision Jonas Crosland The FTSE100 index was up just 6.6 points at lunchtime at 6,665.6, as renewed weakness in mining stocks offset positive progress in the retail sector. Trading volume was reasonable at GBP1.18bn,...

  Tags: BAE Systems Plc., barrel, Federal Reserve Board, FINANCE, Investment, stock, Tesco

• Tesco direct a new twist in GM

  - 2007-10-08

  [ILLUSTRATION OMITTED] DAVENTRY, England -- Of Tesco's four-part strategy for success (growing the United Kingdom business, expanding globally, adding retail services and developing nonfood operations), it is the latter that appears to have come farthest in the shortest time. Ten years ago Tesco was not in the nonfood...

  Tags: FINANCE, General Motors Corp., Retail, SALES, SOFTWARE, Tesco

• Tesco Plc Q2 2007 Earnings Call Transcript

  Seeking Alpha - 2007-10-02

  Earnings Call Excerpt Tesco Plc TSCDY Q2 2007 Results Call October 2, 2007, 04:00 AM ET Executives David Reid - Non-Executive Chairman Andrew. Higginson - Finance and Strategy Director Sir Terry Leahy - Chief Executive Analysts Presentation David...

  Tags: Team, Tesco, Call Transcript, Dividend, Earnings, Team Management, Financial Accounting, Financial Planning, Strategy, Management, Finance, Seeking Alpha