Entering text into the input field will update the search result below

Tesco plans turnaround

Jan. 08, 2015 4:09 AM ETTesco PLC (TSCDY) StockTSCDY, TSCDFBy: Yoel Minkoff, SA News Editor1 Comment
  • Closing 43 unprofitable stores, exploring the sale of several of its assets and doing away with this year's final dividend, Tesco (OTCPK:TSCDY, OTCPK:TSCDF) chief executive Dave Lewis has set a revival plan in motion for the troubled British grocer.
  • The steps come after a turbulent year for Tesco, which has replaced its CEO and CFO, issued four profit warnings and suffered due to a £263M accounting misstatement.
  • Tesco shares in London are up 6.2% on the news.

Recommended For You

Related Stocks

SymbolLast Price% Chg
TSCDY--
Tesco PLC
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.