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TSCDY.PK

Tesco Plc Spons Adr

6/19/2013, 3:50 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, April 17, 4:18 AM Tesco (TSCDF.PK) has taken a £1.2B write-down on its failed Fresh & Easy unit in the U.S. after saying last year that it will exit the country. The British supermarket has also written down U.K. property assets by £804M, and its activities in Poland, the Czech Republic and Turkey by £495M. The charges mean that Tesco suffered its first profit fall in 19 years, with FY 2013 net income diving to £124M from £2.81B even though revenues excluding VAT edged up 1% to £64.83B. Shares -2.8% in London. (PR) Comment! [Earnings, Consumer, On the Move]
Thursday, December 13, 2012, 3:21 AM Wal-Mart (WMT) is reportedly in talks to acquire an 80% stake in leading Turkish retailer Migros from U.K. private-equity firm BC Partners in a deal that would value Migros at over $4B including debt. Wal-Mart could face competition, though, with France's Carrefour (CRRFY.PK) and Britain's Tesco (TSCDF.PK) also having shown interest. Comment! [Consumer, M&A]
Wednesday, December 5, 2012, 11:12 AM Tesco (TSCDY.PK) CEO Philip Clarke says the company will likely cut short its expansion into the U.S. through its Fresh & Easy business. He says the company will consider selling the business as part of its strategic review. Comment! [Consumer, Global & FX]
Wednesday, September 5, 2012, 6:40 AM Tesco (TSCDY.PK) acquires digital book firm Mobcast in a deal that will beef up its digital entertainment platform. Terms of the purchase weren't disclosed. Comment! [Consumer, Global & FX]
Thursday, August 23, 2012, 8:22 AM Jefferies cuts its rating on Safeway (SWY) to Hold from Buy. The sector has been increasingly falling out of favor with analysts on the Street as chatter on LBOs and mergers fades and the reality of food inflation takes center stage. On watch: KR, SVU, AHONY.PK, TSCDY.PK. 1 Comment [Consumer]
Monday, June 18, 2012, 7:32 AM Tesco (TSCDY.PK) looks to exit Japan as it strikes a deal with Aeon Corp. to have the Japanese firm take over its business. The move falls in line with Tesco's broad strategy of re-focusing on its British business at the expense of weaker markets. Comment! [Global & FX, Consumer]
Tuesday, May 29, 2012, 11:17 AM "The €1 Price Point." With about 20% of the population in Spain and Greece now below the poverty line, food companies such as Nestle (NSRGY.PK) and Unilever (UN) - hoping to reignite sales growth - roll out in Southern Europe packaging and tactics typically reserved for emerging economies. Comment! [Global & FX]
Monday, March 5, 2012, 4:56 AM 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 growing concerns about the U.K.'s employment situation. Comment! [Global & FX, Consumer]
Tuesday, February 28, 2012, 7:34 AM Tesco (TSCDY.PK) initiates a 4th wave of price cuts covering 450 different products. The move follows a £300M investment from Nomura that was to be used to help boost the British retailer's market share after it fell to its lowest level since 2005. Comment! [Global & FX]
Wednesday, February 22, 2012, 6:54 AM British retailing giant Tesco (TSCDY.PK) leads U.K. retailers lower after a downgrade from BAML. Noting the constraint on consumption in the country, bank analysts say Tesco has particular problems in the form of "format and brand/offer issues ... that will take time to fix." Shares -1.7% in London. Comment! [Global & FX, Consumer]
Friday, January 13, 2012, 12:22 PM Tesco (TSCDY.PK -4.2%) - the U.K.'s Wal-Mart, if you will - falls again amidst a report its U.K. CEO unloaded 50K shares a week ahead of yesterday's disastrous sales report that sparked a 16% dive in the shares. A spokesman says the company is confident he had no knowledge of price-sensitive information at the time. 4 Comments [Global & FX, Consumer]
Thursday, January 12, 2012, 7:10 AM U.K. retailing giant Tesco (TSCDY.PK) plummets 13% in London after it reports disappointing sales surrounding the holiday season. In a note titled "Determined to Move Faster," CEO Philip Clarke speaks of "a challenging economic environment at home," with similar signs beginning to show elsewhere. Comment! [Global & FX]
Tuesday, December 6, 2011, 11:55 AM U.K. supermarket group Tesco (TSCDY.PK -2.3%) drops on a report that the company lost market share to rivals after launching a price-cutting campaign in October, according to data from researcher Kantar Worldpanel. The British supermarket chain was the only one to see its share decline. Sales growth also dropped to 3.8%, behind overall market growth of 4.2%. Comment! [Global & FX, Consumer]
Tuesday, November 29, 2011, 7:26 AM Coming on the same day as Italy's bond auction (3 year paper at 7.89%), U.K. retailing giant Tesco issues debt as well (3 year paper at 2%). "Time to replace the euro with Tesco Club Card points?" asks the FT's Isabella Kaminska. Comment! [Global & FX]
Friday, November 25, 2011, 6:53 AM A hard-fought law passed yesterday in India allowing foreign retailers to take majority stakes in supermarkets paves the way for Wal-Mart (WMT) and other retail giants to take their presence in the country to another level. Wal-Mart has long seen India as one of the last great growth opportunities. 1 Comment [Global & FX, Consumer]
Monday, November 21, 2011, 7:52 AM One of the European companies Warren Buffett has his eyes on is one he already owns a 3.6% stake in - Tesco (TSCDY.PK), the U.K.'s version of Wal-Mart (WMT) (he also owns WMT). "If the price came down some on Tesco, I'd buy some more of that," he tells CNBC. "I've used the same criteria for 60 years." Comment! [Global & FX, Quick Ideas]