Tesco Share News (TSCO)

TOP NEWS: Tesco profit sapped by inflation but revenue tops consensus

(Alliance News) - Tesco PLC on Thursday reported consensus-topping annual revenue growth, but inflationary pressure took a chunk out of its profit.

Tesco having 'direct conversations' with suppliers on prices - CEO

LONDON, April 13 (Reuters) - British grocer Tesco said it recognised the pressures its suppliers were facing from rising costs but it was not afraid to have "direct conversations" about delivering value for its customers.

LONDON BRIEFING: UK GDP flat; Tesco annual profit halves

(Alliance News) - Stocks in London are set for a tepid open, as investors weighed yesterday's US inflation print and warnings of an impending recession in the world's largest economy from the Federal Reserve.

STOXX seen higher as bets rise Fed ready to stop hiking

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STOXX SEEN HIGHER AS BETS RISE FED READY TO STOP HIKING (0610 GMT)

Euro(pe) is on a roll

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EURO(PE) IS ON A ROLL (0607 GMT)

Tesco sees flat profit for current year, unveils £750m buyback

(Sharecast News) - UK supermarket chain Tesco said it expected to post flat profits this year and announced a £750m share buyback as annual earnings halved last year with inflation battering both customers and company.

Britain's Sainsbury's offers lower prices to loyalty card holders

Nectar members get lower prices on over 300 items

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Sunday newspaper round-up: Glencore, Tesco, Vodafone

(Sharecast News) - Glencore is being prodded by an influential investor, Bluebell Capital Partners, not to delay letting go of its environmentally damaging coal mining business. The FTSE 100 listed outfit's plan had been to acquire Teck Resources, merge its coal unit with it and to then spinoff and list the combined company on the New York Stock Exchange. After Teck rebuffed its offer, those plans are at risk, but Bluebell is urging Glencore to let go of that business, saying that the remainder of the company would then fetch a higher valuation. - Financial Mail on Sunday

UK earnings, trading statements calendar - next 7 days

UK supermarket Morrisons says sales momentum building

Q1 like-for-like sales up 0.1%

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Primark's UK workers to get 12% pay rise

LONDON, March 30 (Reuters) - Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said on Thursday.

Profit at UK supermarket Asda slumps on inflation hit

LONDON, March 29 (Reuters) - British supermarket group Asda on Wednesday reported a 24% fall in annual earnings after it decided not to pass the full impact of cost inflation onto consumers, taking a hit to profits instead.

LONDON BROKER RATINGS: Barclays cuts Smith & Nephew; UBS likes Spirent

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(Alliance News) - Stock prices in London opened higher on Wednesday, though trading remaining cautious following the recent turbulence in the banking sector.

Food inflation soars to record 17.5% - Kantar

(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.