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Exactly dadean, taken care of by the Asian sale and they figured the headline grabber that will bring the nodding approval of the public going into Christmas will transpire into checkout and net sales. Not coincidence this comes on the day the High St will be swarming with Debenhams bargain hunters and people wanting to shop after a months break.
for doing the ethical thing. It was a Gov mistake (yes yet another one) to lump all retailers together and giving the money back is the right thing to do. Look at how many are going bankrupt?
I agree this is sad news. Aldi and Lidl already pay a lot less in Corp tax and don't need anymore of a competitive advantage. Once again tesco gives away money rather than re-investing and growing the business.
Sad news today with the repayment of business rates, rates which have crippled the more vulnerable areas of UK retail. I personally felt tesco were welcome to the relief, considering the pandemic cost them more than they received. Tax payers money being returned? Nooo its freshly printed boe funny money.
Affect on share price today, should be worth - 2% but the removal of the perceived controversy could balance it out. Hopefully they can recoup this somehow... Must be paving the way for the capital return
Great for Tesco leading the way in repayments of business tax rebates.
An ethical choice by the market leader I hope others follow.
Rosewell .. she's a slow burner this one alright ..
Lurker,
Don't get me wrong, sales are absolutely brilliant (and so are the costs) but there are few other companies I would want to be invested in at the moment.
Paid Friday and reinvested!
Was this paid today?
Hi lurker we are all learning from each other and here to make money I looked at sales for last week in my region and we have absolutely smashed budget Tesco is flying safe bet and still paying divis money to be made here if your patient.
Thank you Rosewall and Clueless, I had a bit of a short-sighted view on that and didn't think of the bigger picture.
Nice to see a rise today, maybe that's because of potential dividend reinvestments today? Mine was delayed until today anyway, as they stated they had a large amount of people to work through.
Me too
reinvested in Tesco shares.
Lurker
If there were no item limit, sales would not have been insane because they would have been out of stock. Look at the those who cleared the shelves of basics at the start of the pandemic , there were no insane sales, there were empty shelves and the vulnerable could not get basics. That is why limits on individual items and orders.
All Christmas slots have been released and most have been taken up. Also many of the Festive Food To Order have reached their limits and are marked as Not Available on the web site.
Tesco limiting items had no impact on sales it just meant we could serve more customer's we just spread the items a bit thinner to help feed the nation but no loss in sales .
It's a shame that they throttled online ordering capabilities, limiting orders to 95 items - Asda didn't do that, and I don't know about the other supermarkets? I guess it shows responsibility and ensures stock levels remain steady, but their turnover would've been insane otherwise.
The fact that there's no slots left for Christmas speaks volumes at this early stage, unless they plan to release them later on - which I doubt - so that's bound to result in strong sales for this next period.
This is starting to warm up again. Nice £17m unit trust purchase today. So much going for this company and a good start to Christmas campaign.
At least this current price is good for those that are deciding to reinvest their dividend tomorrow, so every cloud has a silver lining, eh?
The price would tend to drop slightly when the share goes ex-dividend, rather than when the dividend payment is made.
???? Dividend reinvestment leads to increasing demand.
Hmmm, there's a dividend payout this week which could drop the price further..
Further news, I mean. Or the next approval gets signed off for the sale.
Well, that's been a turbulent few days. Hopefully we're going to level off now at a slightly above average price, and then things will take off again when news drops of the special dividend and consolidation?
Where are you seeing huge buys?
Big boys moving in now hmm?