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We didn't get the 50p per share. they paid off some pension deficit and did a share consolidation 15 for 19. we never gained from that consolidation.
Those talking about a special div remember what happened last time.
How much if special dividend announced??
could be a great time to buy, imo
Had a go at it a couple of times now and not managed to break it. Got a save as you earn available at the end of this month, be nice to try and clear it. Might hang on to it till the buildup to FY results.
It seems to be in vogue at the minute, loads of firms doing buybacks currently. Will it automatically drive up the SP? No. Will it give each remaining share a tiny bit bigger slice of the pie, ie increase dividend? Yes.
That being said the amount being bought back is miniscule vs the overall number of shares.
Mr.kioto I do agree. However it should be the case that as there are fewer shares in circulation it means to pay any subsequent div costs TSCO less and that means the div can be improved without the Company actually laying out more money overall. This in turn should then create more demand for the shares, and up we go. That's my view. JJ
How come the stock buyback program is not increasing the share price? I thought until April, tesco will buy its own shares, cancel them, and this will increase the existing shares, thus increasing the price . 1 Billion pounds set aside for this purpose. This accounting trick is not working........ should have gave a dividend with the cash. Do you agree ?
Good morning Konan, it does not have to be bad for the employee. A more profitable business can benefit the employees and the shareholders. Businesses have to change, if they don't then their place in the economy suffers. You have only to consider how the John Lewis group has failed to change and as a result their employees have suffered. JJ
Getting lean and streamlining
Good for the shareholder in theory
Bad for the employee
That strikes me as a good move; there is much to like about this stationery brand. JJ
Being briefed just now. There will be some devotions and or redundancies by the rumours.
Walmart already tried and failed with Asda, Amazon maybe but I wouldn't imagine they would have an appetite for a retailer with such a large bricks and mortar presence, it would go against their current MO?
CCC Great post one can now see why AI has both Walmart and Amazon as top predators for the business going forward both already have a strong presence in the UK market.
myquite, excellent post and it should be up on posters around all towns where there is a large Tesco. JJ
its Tesco for me all the time.
at tesco i can find ample free parking fo 3 hours.
recycle all my household tat.
get my shoes repaired or a key cut.
draw some cash at the hole in the wall.
grab a coffee and a breakfast.
pick up my prescriptions at the pharmacy.
do my food shopping with HELPFULL staff always on hand and willing to assist.
get great discounts with my clubcard.
pop into the on site car wash for a car wash.
and top up with petrol on the way out.
BRILLIANT SERVICE EVERY TIME.
Aldi and Lidl no longer the UK's cheapest supermarkets as major retailer slashes prices
Aldi has plummeted to fourth place in our ranking of the UK's cheapest supermarkets, while Lidl was beaten to the top spot by 1p.
By Rachel Pugh Fashion, beauty, money and shopping editor Cathy Owen Breaking News Editor
14:52, 22 JAN 2023.
Supermarket giant Aldi is no longer the UK's cheapest supermarket. Another major supermarket has taken the top spot, and surprisingly, it's not Lidl.
The news comes after Aldi sent a bus around rival supermarkets to pick up shoppers, which was adorned with signs stating it was the Which? cheapest supermarket of 2022. Now one of Aldi's rivals, which was affected by the stunt, has been named the UK's cheapest.
The shopping list of seven items - milk, bread, eggs, cheese, spaghetti, apples and breakfast cereal - was more expensive in all seven supermarkets on the list and had increased by £1.06 in a month at Sainsbury's. All the bills are also more than £10 for the first time since we started our own survey in March last year.
Tesco was the cheapest for the first time (£10.78), coming in 1p cheaper than Lidl and 25p cheaper than Asda, Aldi was fourth cheapest at £11.06 compared to £10.78 at Tesco if you use the clubcard to get the cheap cheese deal.
Well,well,well, Tesco now the cheapest on the 7 basic shopping items, take the hundreds of price matches and you have a fantastic fight back by the UKs leading supermarket, customers are very savvy these days' and the misleading like for like trolly adverts on "selective " comparable items is backfiring day after day.
I have high expectations that Tesco will have a very good and solid year in 2023.
Outlook looks positive for tesco
Ignore the Aldi and Lidl derampers that choose to lurk here
Awful bunch
As car parks remain full and trolleys keep rolling out of the shops, it is clear that businesses are back to steady operations. While the catering and restaurant industry may have experienced some losses this year due to people opting to dine at home, overall, the business climate is looking positive.
Don't think so, Outlook good and progress made.
https://www.thetimes.co.uk/article/tempus-double-punch-to-tesco-s-bottom-line-cphb0ghsq
Outlook bleak
Those sells after hours anyone?
TU reads OK but have to think this year going to be tough given cost of living squeeze and rise of Aldi/Lidl
Uncle_Doug - Brilliant results SteadyAs-She-Goes Maybe room for some cream with those cornflakes..
A decent set of results
Are those figures real or nominal as inflation is running hot?
I think Skier is still choking on his cornflakes...
(Sharecast News) - Tesco reiterated full-year profit guidance on Thursday as the supermarket chain posted strong Christmas sales.
The grocer, the UK's largest by market share, said like-for-like sales excluding fuel in the UK and Ireland jumped by 7.8% in the six weeks to 7 January and by 7.2% in the UK.
Across the 19 weeks to 7 January - which includes the third quarter - UK sales jumped 5.3%, while group sales rose 6.4%.
Tesco said Christmas trading had been driven by a "focus on value and quality". There was particularly strong demand for fresh food - up 8.1% - while its Aldi Price Match boosted its value proposition.
Ken Murphy, chief executive, said: "I'm really pleased with our performance over this period, particularly further strong growth at Christmas on top of exceptional growth of the last few years.
"We go into the new year with good momentum and I am confident we can continued to maintain our competitiveness and deliver a strong performance relative to the market, despite the challenging conditions ahead."
Looking to the full year, Tesco - which has a market share of 27.5% - reconfirmed guidance for retail adjusted operating profits of between £2.4bn and £2.5bn and retail free cash flow of at least £1.8bn.
Agreed, solid.
Wheres Skier?