There is positive news Xmas period ,how the market will react to the Main headline of No Dividend anyone's guess.For me im still impressed from what I'm hearing from Mr Lewis and until that changes I'll be holding on .
Talk Talk have announced that they have bought blinkbox and Tesco Broadband
TalkTalk has acquired the blinkbox movies business ("blinkbox") and the Tesco broadband and voice base from Tesco Plc. The assets have been acquired free of debt and as a single transaction for cash.
blinkbox is one of the leading on-demand providers of pay content in the UK and works across multiple platforms and devices - both inside and outside the home. blinkbox's established technical expertise in multi-platform, multi-device content delivery and incremental content relationships are highly complementary to TalkTalk's existing strategyof being the best value for money TV provider in the UK, offering customers flexible access to the widest range of free and paid for content. TalkTalk TV is already the fastest growing TV platform in the UK with over 1.2 million customers and blinkbox will help accelerate the development of our platform by delivering a number of key initiatives significantly faster, such as offering a TV app to customers for in and out of home access to paid-for content across a range of devices.
The integration of blinkbox with our existing TV business is expected to begin immediately with the benefits of restructuring the combined platform and revenue synergies expected to flow from the end of calendar 2015.
As part of the same transaction we have also acquired Tesco's broadband and voice base (c75,000 broadband and c20,000 voice households) which will enable us to further leverage the superior scale and economics of our national network. As with the recent acquisition of the Virgin Media National base, customers will be transferred across to the TalkTalk network over the coming months.
Tesco Chief executive Dave Lewis will today reveal the result of his strategic review and his plans for turning round Britain's biggest supermarket, which has been plunged into turmoil by a £260m profit overstatement. It has already confirmed that it will be cutting the price of hundreds of branded grocery products by up to 25 per cent in an effort to woo shoppers.
The new chief executive of Tesco will on Thursday set out a blueprint to revive its fortunes through a string of measures including the appointment of a new boss of its UK operations. The plans unveiled by Dave Lewis, who joined the UK's biggest retailer last September, will face intense scrutiny in the City as investors assess its prospects for recovering from a slump in profits and an accounting scandal which saw profits overstated by £263m. Sky News has learnt that Mr Lewis will announce that Tesco is selling its Blinkbox media business to TalkTalk for just £5m, a small fraction of the money splurged on the loss-making division it acquired in 2011. The UK's biggest retailer will also say that it believes there are more appropriate owners for Dunnhumby, the unit which manages its Clubcard loyalty scheme, signalling a likely sale process which could value it at up to £2bn. WPP Group, the marketing services giant, and private equity firms Advent and TPG have already expressed interest in buying Dunnhumby. Sources confirmed that Mr Lewis will also announce plans to save hundreds of millions of pounds annually by cutting head office costs, which will trigger significant job cuts, as well as closing its final salary pension scheme. Another key element of Tesco's transformation plan will be Mr Lewis's recruitment of a leading retail executive to run the core UK business. One executive named as a potential candidate on Wednesday night was Ian McLeod, the commercial director of Australian retailer Wesfarmers and a former Asda executive. Mr Lewis is unlikely to announce any plans relating to the future of Tesco's Asian or European operations, or its banking arm, sources said. However, one piece of positive news is likely to emerge in the shape of Tesco's trading performance during December.
Got an email from waitrose with 50 percent off loads of items. Particularly in stuff like , soap powder, dishwasher tablets, cleaning gubbins, loo rolls, kitchen rolls, as well as loads of grocery type items, like tea bags, tinned tomatoes, some cheeses etcetera.
Anyway bought about 6months worth of dry type goods as well as loads of tins, and saved about 130 quid paying 300 (did buy quite a bit of wine 25percent off)...
Point is price wars just beginning to ramp up and they are all at it.....
Watched a bit of telly last night for a change. ASDA had an advert on promoting cheap prices and at the end it said asda MAY be the best place to shop, or something like that. All you have to do is tell folk tsco IS the best place to shop.
Tesco has a cold, and our rivals sneeze. They fear what will happen when the sleeping giant awakes. For starters, Dave's new contracts make Tesco the most popular guy on the block with Suppliers. Will our rivals do the same? VERY expensive for them if they do, I suspect Cap'n Dave has quite a few more shots in the locker...
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