TESCO plc LSE: TSCO markety, Tesco Mobile, Tesco Bank

[slayer74]

Tesco znika też z internetu. Ostatni tydzień dostaw zakupów do domu przez E-zakupy
8 milionów zrealizowanych zamówień, ponad 300 tys. ton spakowanych towarów, 400 mln dostarczonych produktów. Z takim bilansem E-zakupy Tesco kończą swoją działalność po 8 latach. To ostatni tydzień dostaw do domów klientów.

E-zakupy Tesco po 8 latach kończą swoją działalność

W 2012 r. powstała platforma, z pomocą której klienci mogli zamówić zakupy do swojego domu. Wtedy to była rewolucja. Serwis internetowy Tesco był jednym z pierwszych w Polsce sklepów oferujących żywność online. Z końcem października E-zakupy Tesco kończy swoją działalność. Od listopada ta usługa zostanie wyłączona. To swoisty paradoks, bo usługa znika w czasie największego popytu, wywołanego pandemią.

Tesco zmieni szyld. Netto przejmie 7 tys. pracowników

"Zamknięcie kanału sprzedaży internetowej to integralna część procesu przygotowań Tesco do przekazania polskiego biznesu nowemu właścicielowi - firmie Salling Group A/S. Zgodnie z ogłoszoną w czerwcu br. transakcją Salling Group przejmie 301 sklepów Tesco. Usługa E-zakupy nie została objęta umową przejęcia" - czytamy w komunikacie prasowym sieci.


Salling Group A/S jest właścicielem sieci sklepów Netto. W ramach umowy około 7 tys. pracowników Tesco zostanie przeniesionych do Salling Group.

https://finanse.wp.pl/tesco-znika-tez-z ... 555857696a

[slayer74]

Tesco zwraca 585 mln GBP pomocy

MAREK DRUŚ
opublikowano: dzisiaj, 02-12-2020, 09:43
Największa brytyjska sieć supermarketów zdecydowała się zwrócić 585 mln GBP pomocy udzielonej przez państwo podczas pandemii.

Brytyjscy detaliści znaleźli się pod presją kiedy okazało się, że skorzystali z pomocy publicznej, a następnie wypłacili dywidendy akcjonariuszom. W październiku ujawniono, że Tesco wypłaciło swoim ok. 314 mln GBP. Właściciel największej brytyjskiej sieci supermarketów podkreśla obecnie, że jest dostatecznie silny finansowo aby zwrócić państwu pieniądze. Zaznaczył także, że „każdego pensa” z otrzymanej pomocy wydał na działania ograniczające negatywne skutki pandemii. Tesco podkreśliło także, że wymuszone przez nią zmiany w supermarketach kosztowały spółkę 725 mln GBP, czyli więcej niż wynosiło otrzymane wsparcie. Przyznało jednocześnie, że pomoc udzielona mu w marcu tego roku była „niezwykle ważna”.

https://www.pb.pl/tesco-zwraca-585-mln- ... cy-1102060

[slayer74]

Zakup Tesco Polska przez właściciela Netto. Jest decyzja UOKiK
Business Inisder Polska , PAP
dzisiaj 14:32
Przeprowadzone postępowanie wykazało, że w każdym z badanych miast Netto po przejęciu placówek Tesco będzie musiało konkurować z innymi dyskontami, supermarketami i hipermarketami.

Test testowi nierówny. Co tak naprawdę będzie sprzedawać Biedronka?
Koniec marki Tesco w Polsce zbliża się wielkimi krokami. Prezes Urzędu Ochrony Konkurencji i Konsumentów wydał zgodę na przejęcie spółki Tesco Polska przez Salling Group - właściciela sieci dyskontów Netto. - Koncentracja nie doprowadzi do ograniczenia konkurencji - stwierdził szef UOKiK. Transakcja warta 900 mln zł powinna zostać sfinalizowana do końca marca.

Wstępna umowa sprzedaży Tesco Polska firmie Salling Group została podpisana 18 czerwca 2020 r.
Sprzedaż polskiego biznesu Grupy Salling obejmuje 300 sklepów wraz z centrami dystrybucji i polską centralą Tesco
Całkowita wartość sprzedawanego przedsiębiorstwa ustalona w ramach transakcji wynosi 900 mln zł (równowartość 181 mln funtów szterlingów)
Więcej takich historii znajdziesz na stronie głównej Onet.pl
Wniosek o przejęcie Tesco Polska przez Salling Group został początkowo zgłoszony do Komisji Europejskiej. Jednak KE uznała, że ze względu na zasięg transakcji oraz doświadczenie w podobnych sprawach właściwszy do rozpatrzenia sprawy będzie UOKiK, dlatego przekazała sprawę do Polski.

Pod marką Netto działa ok. 1100 dyskontów w Danii, Niemczech i Polsce, z czego 386 w naszym kraju. Tesco Polska jest właścicielem sieci hipermarketów kompaktowych i supermarketów. Posiada obecnie 320 sklepów, dwa centra dystrybucyjne i 23 stacje paliw. Z tego przedmiotem koncentracji jest 301 sklepów, 14 stacji paliw, siedziba główna i centra dystrybucyjne.

Transakcja wynika z decyzji grupy Tesco o wycofaniu się z polskiego rynku - firma wpadła w kłopoty i już od kilku lat sprzedawała lub zamykała sklepy, a sprzedaż w istniejących placówkach spadała.

W toku postępowania przeprowadzono badanie stanu konkurencji na kilkudziesięciu lokalnych rynkach. Po analizie koncentracji i zgodnie z dotychczasowym orzecznictwem Prezes UOKiK przyjął, że supermarkety, hipermarkety i dyskonty rywalizują bezpośrednio ze sobą na lokalnych rynkach w promieniu 10-15 kilometrów od przejmowanego sklepu. To najczęstsza maksymalna odległość, jaką konsumenci są skłonni przebyć w drodze do sklepu o większej powierzchni - podał UOKiK.

- Przeprowadzone postępowanie wykazało, że w każdym z badanych miast Netto po przejęciu placówek Tesco będzie musiało konkurować z innymi dyskontami, supermarketami i hipermarketami. To oznacza, że po dokonaniu transakcji struktura tych rynków nie zmieni się na niekorzyść konsumentów, dostawców czy przedsiębiorców prowadzących mniejsze sklepy – mówi prezes UOKiK Tomasz Chróstny, cytowany w komunikacie.

Prezes Tesco: transakcja pozwala nam się skupić na innych krajach
Po informacji o zgodzie UOKiK na transakcję swój komunikat wydało Tesco.

- Chciałbym podziękować wszystkim naszym koleżankom i kolegom w Polsce za ich ciężką pracę i oddanie naszym klientom przez ponad 25 lat. Stając się częścią połączonej działalności z Salling Group, nasze sklepy i pracownicy są dobrze przygotowani do dalszej, pełnej sukcesów pracy i wykorzystania możliwości rozwoju w Polsce. Sprzedaż Tesco Polska pozwala nam skupić się na rozwoju biznesu w Wielkiej Brytanii, Irlandii, Czechach, na Węgrzech i na Słowacji - mówi Ken Murphy, prezes Grupy Tesco.

Transakcja powinna zostać sfinalizowana do końca marca. Potem nastąpi okres przejściowy trwający do 18 miesięcy, podczas którego sklepy Tesco w Polsce zostaną przekształcone w placówki Netto, co znacznie zwiększy sieć dyskontów duńskiej spółki.

Część sklepów Netto przejęło, by je sprzedać
Poza rozstrzygnięciem dotyczącym kupna spółki Tesco Polska, prezes UOKiK wydał w lutym 2021 r. decyzję w sprawie tymczasowego przejęcia ośmiu sklepów Tesco przez Salling Group. Chodzi o placówki w Gliwicach, Szczecinie, Krakowie, Gdyni, Kielcach, Katowicach, Ostrowcu Świętokrzyskim i Warszawie.

Salling Group planuje trwale nabyć jedynie sklep w ostatniej z tych lokalizacji. Pozostałe zostaną przejęte tymczasowo w związku z procesem kończenia aktywności grupy Tesco w Polsce i w przyszłości mają zostać sprzedane innym podmiotom. Przejmująca spółka zobowiązała się do 31 sierpnia 2021 r. prowadzić te sklepy pod marką Tesco.

Zgodnie z ustawą o ochronie konkurencji i konsumentów, transakcja podlega zgłoszeniu do urzędu antymonopolowego, jeżeli biorą w niej udział przedsiębiorcy, których łączny obrót w roku poprzedzającym przekroczył miliard euro na świecie lub 50 mln euro w Polsce.
...
https://businessinsider.com.pl/finanse/ ... to/3t53vyr

[slayer74]

Ostatnie chwile Tesco. Puste półki i rabaty na resztki towaru nawet 75%

Markety Tesco znikają z Polski. Pojechaliśmy do jednego z nich, który niebawem stanie się sklepem sieci Netto. Póki co trwa jednak gorączkowa wyprzedaż towaru i wielkie sprzątanie.

https://www.money.pl/gospodarka/ostatni ... 5984a.html

[slayer74]

Brytyjska sieć hipermarketów spodziewa się spowolnienia sprzedaży i jej powrotu do poziomu sprzed wybuchu pandemii. W ostatnich dwunastu miesiącach konsumenci gromadzili zapasy artykułów spożywczych w domach, co mocno napędzało handel.
...
https://www.pb.pl/tesco-oczekuje-spowol ... zy-1113755

[slayer74]

Britain's biggest retailer, fell 2.3% as it reported a sharp slowdown in quarterly underlying UK sales growth

Tesco's UK sales growth slows in latest quarter

LONDON (Reuters) -Tesco, Britain's biggest retailer, reported a sharp slowdown in underlying UK sales growth in its first quarter, reflecting a tough comparison with the same quarter last year when consumers stocked up in the country's first COVID-19 lockdown.

The group said UK like-for-like sales, excluding fuel and VAT sales tax, rose 0.5% in the 13 weeks to May 29 - ahead of analysts' average forecast of a fall of 1.0%, but down from growth of 8.8% in the previous quarter.

Against the same quarter in 2019, before the pandemic impacted trading, UK like-for-like sales were up 9.3%.

Tesco (OTC:TSCDY), which has a 27% share of Britain's grocery market, said growth was driven by customers eating more meals at home than before the pandemic.

Online sales were up 22.2% year-on-year and up 81.6% on a two year basis.

The group flagged particularly strong contributions from general merchandise and clothing, with like-for-like sales up 10.3% and 52.1% year-on-year respectively.

Tesco kept its profit guidance for the 2021-22 fiscal year.

"While the market outlook remains uncertain, I'm pleased with the strong start we've made to the year and continue to be excited about the many opportunities we have to create value over the longer term," said Chief Executive Ken Murphy.

Tesco has said it expects full-year retail operating profit on a continuing operations basis to be similar to 2019-20.

Rivals Sainsbury's and Morrisons have also forecast a strong recovery in profits this year as the extra costs of the pandemic reduce.

Shares in Tesco closed on Thursday at 231 pence, valuing the business at 18 billion pounds ($25 billion).

https://www.investing.com/news/stock-ma ... er-2535766

[slayer74]

Tesco: Few Upside Price Drivers
Aug. 12, 2021 9:53 AM ETTesco PLC (TSCDY), TSCDF2 Likes
Summary
The U.K.'s leading retailer continues to trade below what I see as fair value.
But I see no reason for that to change, and little seems to shift the price.
For that reason, I maintain my neutral rating.

https://seekingalpha.com/article/444854 ... ce-drivers

[slayer74]

In corporate news, Tesco stock soared 4.8% after the U.K. supermarket chain raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit. It also announced a share buyback, with the first tranche of 500 million pounds in shares to be bought by October 2022.

[slayer74]

Tesco defies supply chain challenges to lift profit outlook

By James Davey

LONDON (Reuters) -Tesco, Britain's biggest retailer, raised its full-year earnings forecast on Wednesday after the unmatched scale of its store and online operations helped it outperform rivals in the first half and beat expectations with a 16.6% jump in profit.

British retailers are battling supply chain disruptions and labour shortages. Supermarkets also face tough comparisons against record sales during COVID-19 lockdowns.

Tesco (OTC:TSCDY), however, increased sales in the period.

"We've had a strong six months; sales and profit have grown ahead of expectations, and we've outperformed the market," CEO Ken Murphy said.

"With various different challenges currently affecting the industry, the resilience of our supply chain and the depth of our supplier partnerships has once again been shown to be a key asset."

He told reporters the company "maintained great availability" during the half.

Tesco said the strong performance had enabled it to cut net debt by 1.7 billion pounds ($2.3 billion) since February, and it could now afford to start a multi-year share buyback, with the first 500 million pounds to be bought by October 2022. It also paid an interim dividend of 3.2 pence, in line with a year ago.

Tesco shares were up 4.4% at 1015 GMT, taking 2021 gains to 14.3%.

Murphy denied the buyback was a tactic to ward off potential private equity bidders.

"This isn't defensive by any means, this is completely, as far as we're concerned, part of business as usual," he said

Morrisons, Britain's No. 4 supermarket group, is being taken over by U.S. private equity group Clayton, Dubilier & Rice, while shares in No. 2 Sainsbury's have been buoyed by takeover speculation. No. 3 Asda was purchased by the Issa brothers and TDR Capital earlier this year.

PRIORITIES

Tesco forecast a full-year adjusted retail operating profit of 2.5-2.6 6 billion pounds, having previously forecast a similar outcome to 2019-20, when it made 2.3 billion pounds.

The company, with a 27% share of Britain's grocery market, made an adjusted retail operating profit of 1.39 billion pounds in the first half versus 1.19 billion a year earlier.

Group sales rose 3% to 27.3 billion pounds, while UK like-for-like sales climbed 1.2%, having risen 0.5% in the first quarter.

Recent industry data has shown Tesco outperforming its main rivals.

Analysts say Tesco is also benefiting from a strategy to match prices at German-owned discounter Aldi on around 650 lines and the success of its 'Clubcard Prices' loyalty scheme.

The proportion of customers using Clubcard in large stores has grown to 80% from 69% last year, with about seven million shoppers now using the scheme through an app.

Despite inflationary pressures, Tesco said its customers saw prices fall in the first half and they were still falling in the second half.

Murphy also set out Tesco's strategic priorities going forward - value, customer loyalty, convenience and using cost savings to invest.

"Customers are faced with an increasing range of choice as to where, when and how to shop and the competitive environment has materially changed," he said.

"We believe that against this backdrop we can thrive."

https://www.investing.com/news/stock-ma ... lf-2635842

[slayer74]

Tesco Earnings, Revenue Miss in Q2

Investing.com - Tesco reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Tesco announced earnings per share of £0.11 on revenue of £30.42B. Analysts polled by Investing.com anticipated EPS of £6.25 on revenue of £31,745M.

Tesco shares are up 16.01% from the beginning of the year, still down 1.67% from its 52 week high of £272.59 set on October 6. They are outperforming the FTSE 100 which is up 8.29% from the start of the year.

Tesco follows other major Services sector earnings this month
Tesco's report follows an earnings missed by Ashtead Group on September 16, who reported EPS of £0.71 on revenue of £1.85B, compared to forecasts EPS of £32.00 on revenue of £1,159M.

Carnival had missed expectations on September 30 with third quarter EPS of £-1.75 on revenue of £546M, compared to forecast for EPS of £-1.55 on revenue of £670.38M.

[slayer74]

Tesco Launches ‘Just Walk Out’ Store To Take On Amazon Fresh

The GetGo store uses weight sensors and skeleton outlines to track shoppers who are billed when they leave.

Tesco, with its first “just walk out” store where it is possible to buy groceries without having to scan items or visit a till is posing serious competition to Amazon.

Its GetGo store in Holborn, central London, follows a small trial of a similar store at its head office in Welwyn Garden City, which has been selling goods to the retailer’s staff since 2019.

Weight sensors in the shelves work with an artificial intelligence (AI) system that can track an individual’s movement around the store and monitor the items they pick up via cameras, which follow each shopper. The AI system works by building a unique skeleton outline of each person rather than using facial recognition.

To use the store, shoppers must download the Tesco.com app, where they check-in by scanning a QR code generated on their phone. Shoppers, once inside, can pick up the items they want without scanning them. The bill is automatically charged to a shopper’s Tesco account when they leave.

The shop, with the usual range of goods, from fresh flowers and alcohol to sandwiches, ready meals, and bakery items, looks very similar to any other Tesco Express convenience store. Cigarettes and alcohol are sold in a separate zone where a member of staff, about a dozen of whom, are on duty on any day, is present to check that shoppers meet age restrictions.

The AI technology in the Holborn store, being the first time that has been used by a UK retailer, has been developed in partnership with the specialist technology firm Trigo, led by two scientists who previously worked in the Israel Defence Forces.

Just over six months after Amazon launched its first till-less grocery store in the UK, in Ealing, west London, Tesco GetGo opens. Having six of the Amazon Fresh outlets in the capital, the US retail, and technology group is expected to open at least four more, including one almost opposite Tesco’s Holborn outlet.

Sainsbury’s opened a till-free store nearby in 2019. However, the outlet closed a few months later after shoppers found scanning items with their phones too clunky. Tesco is hoping that its efforts to make it easy to sign up to its grocery app, which already has 6.5 million regular users, will help make its version more popular.

Kevin Tindall, the managing director of Tesco’s convenience store business, said:

“We are constantly looking for ways to improve the shopping experience and our latest innovation offers a seamless checkout for customers on the go, helping them to save.

https://www.cryptovibes.com/blog/2021/1 ... zon-fresh/

[slayer74]

Tesco (LON:TSCO) Rating Reiterated by Citigroup
December 10, 2021 ETF Daily News Team
Tesco logoTesco (LON:TSCO)‘s stock had its “buy” rating restated by Citigroup in a research report issued on Wednesday, Price Targets.com reports. They presently have a GBX 300 ($3.98) target price on the retailer’s stock. Citigroup’s price target points to a potential upside of 6.01% from the company’s previous close.

Other research analysts also recently issued reports about the company. Barclays boosted their price target on Tesco from GBX 310 ($4.11) to GBX 325 ($4.31) and gave the company an “overweight” rating in a report on Thursday, October 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 330 ($4.38) price objective on shares of Tesco in a report on Friday, December 3rd. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, December 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 ($4.08) price objective on shares of Tesco in a report on Wednesday, December 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 315.75 ($4.19).

Shares of LON:TSCO opened at GBX 283 ($3.75) on Wednesday. Tesco has a 12-month low of GBX 217.10 ($2.88) and a 12-month high of GBX 317.55 ($4.21). The company has a market capitalization of £21.75 billion and a PE ratio of 3.35. The business has a 50 day moving average of GBX 274.34 and a two-hundred day moving average of GBX 250.93. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 116.80.

About Tesco

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products in stores and online; and operates mobile virtual network. The company is also involved in the food wholesaling activities; and provision of banking, insurance, and money services.

https://etfdailynews.com/news/tesco-lon ... citigroup/

[slayer74]

Tesco express – British supermarket turns to rail to deliver Christmas

LONDON (Reuters) – Tesco said on Thursday it has introduced a refrigerated rail freight service to help Britain’s biggest supermarket group deliver for Christmas and cut its carbon emissions.

The new service from Tesco, which has a near 28% share of the country’s grocery market, removes road transport from the British leg of the journey for fresh produce from Europe.

With Christmas approaching, the new service will transport hundreds of different products, including sprouts, parsnips, carrots, onions, oranges and lemons to customers shopping over the festive season.

In the first domestic refrigerated rail service it has committed to, Tesco said it had partnered with Direct Rail Services (DRS) to distribute chilled goods from the Port of Tilbury, east of London, to Coatbridge in Scotland by low CO2 rail twice a day, seven days a week.

Tesco said the 415-mile service will take at least 17,000 containers off the road each year, saving 7.3 million road miles and nearly 9,000 tonnes of CO2 emissions.

From 65,000 containers a year on rail, Tesco has an ambition to increase that to 90,000 containers by the end of the year.

“We’ve been using rail to transport our goods since 2008 and this new service reflects our continuing commitment to rail which has clear advantages for our business, our customers and the planet,” Jason Tarry, Tesco UK and Ireland CEO, said.

In September, Tesco extended its green targets by promising net zero carbon emissions by 2050 across its operations together with those generated by the products it sells and its supply chains.

It also pledged a new group-wide net zero target of 2035 for all its own operations, bringing it into line with the ambition set last year for its UK business alone.

British retailers are grappling with international supply chain delays that are being compounded by labour shortages in domestic transport and warehousing networks.

Tesco, however, has said it is coping well.

https://www.fxempire.com/news/article/t ... mas-842091

[slayer74]

Tesco (LON:TSCO) Stock Crosses Above Two Hundred Day Moving Average of $255.13

Tesco PLC (LON:TSCO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 255.13 ($3.37) and traded as high as GBX 288.55 ($3.81). Tesco shares last traded at GBX 288.35 ($3.81), with a volume of 4,849,706 shares trading hands.

Several research analysts have issued reports on TSCO shares. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, December 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 330 ($4.36) price target on shares of Tesco in a report on Friday, December 3rd. Barclays boosted their price target on Tesco from GBX 310 ($4.10) to GBX 325 ($4.29) and gave the company an “overweight” rating in a report on Thursday, October 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 ($4.07) price target on shares of Tesco in a report on Wednesday, December 1st. Finally, Citigroup reiterated a “buy” rating and issued a GBX 300 ($3.96) price target on shares of Tesco in a report on Wednesday, December 8th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Tesco presently has an average rating of “Buy” and a consensus price target of GBX 315.75 ($4.17).

The business has a fifty day simple moving average of GBX 278.77 and a two-hundred day simple moving average of GBX 255.13. The company has a debt-to-equity ratio of 116.80, a current ratio of 0.76 and a quick ratio of 0.59. The company has a market cap of £22.11 billion and a PE ratio of 3.41.

The business also recently announced a dividend, which was paid on Friday, November 26th. Shareholders of record on Thursday, October 14th were issued a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date was Thursday, October 14th. This represents a yield of 1.26%. Tesco’s dividend payout ratio is currently 10.64%.

About Tesco (LON:TSCO)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products in stores and online; and operates mobile virtual network. The company is also involved in the food wholesaling activities; and provision of banking, insurance, and money services.

[slayer74]

Tesco stock rose 0.3% after data from market researcher Kantar showed Britain's biggest supermarket group outperformed its major rivals in the key Christmas period, achieving its highest grocery market share since January 2018.