On the corporate front, Tesco (LON:TSCO) has commented on the proposed merger between ‘Big Four’ rivals J Sainsbury (LON:SBRY) and Asda which is currently undergoing a competition investigation.
Tesco (LON:TSCO) and Volkswagen have partnered up to provide charging points for electric cars, the blue-chip retailer has said. Sky News noted in its coverage that it is hoped that the new ...
Barclays has named Tesco (LON:TSCO) as one of its 19 top picks, expecting European equities to recoup some of their year-to-date losses into the year-end, WebFG News has reported. The comments ...
Tesco (LON:TSCO) lost its top spot in Ireland in the 12 weeks ended October 7, the latest grocery market share figures from Kantar Worldpanel have shown. The news comes after it recently emerged ...
The comments came as the FTSE 100 company this week poached Tesco’s (LON:TSCO) commercial director as part of efforts to revive its Food division. Marks & Spencer’s share price has jumped in ...
Investors sentiment increased to 1.11 in Q2 2018. Its up 0.23, from 0.88 in 2018Q1. It improved, as 37 investors sold Tesco PLC shares while 175 reduced holdings. 89 funds opened positions while 146 r...
SSE: RBC Capital Markets downgrades to sector perform with a target price of 1,350p.
Ocado: Bank of America ML downgrades to underperform with a target price of 1,020p.
Intercontinental Hotels: JP Morgan upgraded to neutral with a target price of 4,350p.
Tesco's UK and Irish sales slowed slightly in the first quarter of its new financial year but with wholesale acquisition Booker bedding down, group-wide growth accelerated slightly ahead of expectations.
Rio Tinto: Deutsche Bank downgrades to hold with a target price of 4,700p.
Polar Capital Holdings: Numis downgrades to add with a target price of 667p.
Tesco Bank's 5.6m account holders were unable to access the online service starting from 10:30 BST on Tuesday, due to a technical glitch.
UK grocers were boosted by the royal wedding, the FA Cup Final and the warm weather in the 12 weeks to May 20, a new report from Kantar revealed on Wednesday.
Paragon: Numis upgrades to buy with a target price of 452p.
Tesco is shuttering its online general merchandise business, Tesco Direct, in new UK chief executive Charles Wilson's first visible act since joining as part of the Booker takeover.
G4S: Kepler Cheuvreux initiates at buy with at a target price of 310p.
Just Group: Deutsche Bank initiates at hold with a target price of 170p.
There are too many uncertainties hanging over Sainsbury's proposed acquisition of Asda to justify the price and Tesco is a better bet, JP Morgan analysts said.
Sainsbury's continues to lose ground to its supermarket rivals, fresh data showed on Tuesday, painting a stark picture of why the merger with Asda has been proposed.