Tesco was originally founded in 1919 and is now the UK's largest non-food retailer. It is operating in 14 markets across Europe, Asia and North America. It has many outlets including 'Extra', 'Superstores', 'Metro', 'Express' and 'Homeplus'.
Tesco staff pensions under threat as Bosses post warning: Tesco has written to its 300,000 staff outlining plans for the future of the supermarket’s pension scheme as it looks for ways to plug the estimated £5 billion black hole and official consultation starts
Not many top bosses got guts, Tony Hayward has taking all the flak at BP. Keep your head up your doing a good job.
Re Tesco Results
Well today's close is probably a good thermometer for things to come i was expecting a 5p to 10p drop toda and that didn't happen so looks like the worst is over unless a rights issue is announced, we might see a small retrace when any sell off is announced but in general i think the upward trend will continue
RE: Tesco results
As ondrugs says, all old news, guidance was given a while back that profit would not exceed 1.4 billion. Consensus seems to be no rights issue at this time, so not expecting anything nasty. I am waiting for the SP to hit 280p before I would consider selling a tranche.
Before you are corrected by the truth sayer Opium. I believe the price was 186 p ...........ish ! the day ' DAVE ' took over
RE: Tesco results
The market analysts know that any major transformation doesn't happen for free. They aren't out of trouble yet, but we are seeing a lot of action, and the difficult decisions being made. As long as there is transparency and the plan is sound it is unlikely to freak the analysts. Given the information is in the press head of the RNS, you have to ask why it hasn't already bombed...
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