Stocks and Finance

Tesco

Tesco 5/24/2012

03:50 : London Markets: Tesco, Xstrata off, StanChart up in London - The FTSE 100 clings to positive territory on Thursday, supported by gains for banks such as Standard Chartered but weighed by losses for Tesco and Xstrata and general downbeat sentiment for Europe.
Source : marketwatch-com

Tesco 5/18/2012

07:21 : Can Tesco turn things around? - Although Tesco's revenues look fine, a closer look at their accounts reveals something more worrying. Bengt Saelensminde examines the reports and asks whether the supermarket can turn its fortunes around.
Source : moneyweek-com

Tesco 4/18/2012

10:16 : Tesco unveils new strategy - April 18 - Tesco, the world's No.3 retailer, said it would spend 1 billion pounds ($1.6 billion) this year overhauling its underperforming British business and will rein in expansion as it seeks to win back market share and calm nervous shareholders. ...
Source : reuters-com
09:38 : Should you buy the Tesco recovery story? - Tesco has lost money in Britain for the first time in 20 years. But the company says it has a recovery plan. Phil Oakley examines whether it's enough to get Tesco out of the mire - and whether you should buy its shares.
Source : moneyweek-com
05:08 : Tesco plans £1bln fightback as UK market share slides - April 18 - Tesco CFO Laurie McIlwee speaks to Insider after the company said building a better Tesco in the UK 'is first priority'. Tesco reported full year sales rose 7.4% to £72bln.
Source : reuters-com
02:02 : Tesco Pre-Tax Profits Rise, Invests £1 Billion to Improve UK Stores - Tesco posted a rise in its underlying pre-tax profits of 1.6 percent to £3.9 billion and announced it will spend over £1 billion to make the UK shopping trip better for customers.
Source : ibtimes-com
01:52 : Tesco profit rises slightly, U.K. market lags - MADRID (MarketWatch) -- U.K. grocer Tesco PLC on Wednesday reported slightly higher profit for the fiscal 2012 financial year ending Feb. 25 as sales rose 6.8%, but said domestic and Central Europe markets remain challenging owing to a tough ...
Source : marketwatch-com

Tesco 3/21/2012

06:30 : Tesco investors face a long, costly slog to recovery - For years, Tesco dominated Britain's supermarket sector - but has since lost ground to its competitors. Phil Oakley examines were Tesco went wrong, and what it will take for it to recover.
Source : moneyweek-com

Tesco 3/19/2012

00:51 : Tesco Thai property fund up nearly 10 pct on debut - The property fund of Tesco's Thai unit debuted nearly 10 percent higher on Monday as investors were drawn by the strong brand of the fund which raised around $600 million (378.78 million pounds) in the country's largest IPO in six years.
Source : ibtimes-com

Tesco 3/18/2012

23:35 : Tesco's Thai property fund up nearly 10 percent on debut - Shares in Tesco Pcl's Thai unit's property fund, Tesco Lotus Retail Growth Freehold and Leasehold Property Fund , opened at 11.40 baht on their market debut on Monday, 9.6 percent higher than the offer price of 10.40 baht.
Source : ibtimes-com

Tesco 3/15/2012

10:34 : Tesco UK head to quit - The world's third biggest retailer says the head of its biggest market is to quit just two months after a profit warning. Joanne Nicholson reports.
Source : reuters-com
05:17 : Tesco's UK head quits as retailer struggles - LONDON (AP) -- Tesco, Britain's biggest retailer, said Thursday that the head of its domestic business, Richard Brasher, is resigning in the wake of a profit warning following one of the company's most disappointing trading periods in years....
Source : usnews-com

Tesco 3/14/2012

04:28 : Tesco to outshine global competitors on China plans - TESCO will grow faster than the other Big Four global supermarkets in the next three years as it pushes ahead in the key battleground of China, according to a leading European research firm. The supermarket's...

Tesco 3/5/2012

10:01 : Tesco raises £379 million in Thai property IPO - Tesco has raised 18.4 billion baht (379 million pounds) from the listing of a property fund in Thailand, completing the country's largest market debut for six years and raising funds for the retailer's future expansion there.
Source : ibtimes-com
09:59 : Tesco raises $600 mln in Thai IPO - Tesco has raised 379 million pounds from the listing of a property fund in Thailand, completing the country's largest market debut for six years and raising funds for the retailer's future expansion there.
Source : ibtimes-com
09:57 : Tesco raises $600 million in Thai IPO - Tesco has raised 379 million pounds from the listing of a property fund in Thailand, completing the country's largest market debut for six years and raising funds for the retailer's future expansion there.
Source : ibtimes-com
06:05 : Tesco announces it's adding 20,000 new U.K. jobs over the next two years ... - Tesco announces it's adding 20,000 new U.K. jobs over the next two years as the supermarket group tries to extend its lead in the retail sector. Tesco is the U.K.'s largest private-sector employer, and the announcement comes amid ...
Source : seekingalpha-com

Tesco 3/4/2012

20:24 : Tesco to Add 20,000 U.K. Jobs - Tesco, the U.K.'s largest supermarkets group, was expected to announce it would create 20,000 new U.K. jobs over the next two years as it seeks to shore up its dominance over the country's retail sector.
Source : wsj-com
20:17 : Tesco Fund IPO Raises $602 Million - The Tesco Lotus property fund priced its initial public offering at the top end of the price range in Thailand to raise $602 million, making it the country's largest listing since 2006.
Source : wsj-com

Tesco 3/3/2012

14:26 : Tesco raising $600 million in Asia's No.2 IPO of yr - sources - A unit of British retailer Tesco Plc is raising about $600 million (378 million pounds) in Asia's second largest initial public offering of 2012, pricing the high-yielding property fund at the top end of expectations.
Source : ibtimes-com

Tesco 2/29/2012

07:11 : Tesco attacks Seoul retail policy - President of UK retailer’s local division slams protectionism, highlighting difficulties faced as tone of South Korean politics lurches to left before elections
Source : ft-com

Tesco 2/27/2012

15:30 : Tesco ([[TESO]] +3.8%) gets a boost from an upgrade to Buy from Neutral ... - Tesco (TESO +3.8%) gets a boost from an upgrade to Buy from Neutral at Pritchard, citing expectations for a rebound in the company's topdrive business. The firm also ups its price target to $22 from $15. Post ...
Source : seekingalpha-com

Tesco 2/23/2012

02:19 : Tesco among likely bidders for S.Korea Hi-Mart stake - sources - British grocer Tesco Plc is among bidders expected to express interest in buying a controlling stake in South Korean electronics retailer Hi-Mart Co Ltd , two sources familiar with the matter told Reuters.
Source : ibtimes-com
01:24 : Tesco among likely bidders for Hi-Mart stake - British grocer Tesco Plc is among bidders expected to express interest in buying a controlling stake in South Korean electronics retailer Hi-Mart Co Ltd.

Tesco 2/21/2012

23:16 : Demonstrators Slam Tesco, U.K. Job-Training Program - An online posting for a job at a Tesco supermarket has sparked a national controversy over whether a government program created to help tackle the U.K.'s youth-unemployment crisis is exploiting young, out-of-work Britons.
Source : wsj-com

Tesco 2/16/2012

06:47 : Sell Tesco but stick with defensives, says Neil Woodford - Invesco's Neil Woodford has dumped his stake in supermarket giant Tesco at a time when many investors are piling in. Does the much-followed fund manager know something we don't?
Source : moneyweek-com

Tesco 2/6/2012

06:05 : Tesco delays current account launch to 2013 - Tesco, the world's third-biggest retailer, said its Tesco Bank business in the UK has delayed the launch of its current account service until next year, it said on Monday, dealing a blow to government attempts to reduce the dominance ...
Source : ibtimes-com

Tesco 1/25/2012

06:44 : Tesco Plans Investor Call Ahead Of Potential Sterling Bond - Tesco Property Finance has planned to arrange an investor update call ahead of a potential sterling-denominated, benchmark-sized bond, one of the banks arranging the call said Wednesday.
Source : foxbusiness-com

Tesco 1/20/2012

09:59 : MarketWatch First Take: Warren Buffett looks past trouble at Tesco - Warren Buffett’s Berkshire Hathaway has increased its stake in Britain’s Tesco following a poor Christmas-sales period for U.K. retailers — and new data, writes Kim Hjelmgaard, suggest the move may have been prescient.
Source : marketwatch-com

Tesco 1/19/2012

07:45 : Buffett ups stake in Tesco after profit warning - LONDON (Reuters) - Billionaire investor Warren Buffett has lifted his stake in Britain's Tesco in a move likely to be seen as a vote of confidence in Chief Executive Phil Clarke after a profit...
Source : reuters-com
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