Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTesco Share News (TSCO)

Share Price Information for Tesco (TSCO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 300.80
Bid: 300.80
Ask: 300.90
Change: 0.80 (0.27%)
Spread: 0.10 (0.033%)
Open: 300.50
High: 302.20
Low: 299.60
Prev. Close: 300.00
TSCO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Supermarket shoppers return to stores as lockdown eases

Wed, 05th May 2021 11:02

(Sharecast News) - Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Growth in online sales eased to 25% in the four weeks to 24 April from 92% a month earlier, NielsenIQ data revealed. Visits to physical stores rose 3% - the first increase for a year - compared with a drop of 19% in March.

In-store visits rose but average spend declined, leaving physical sales flat at £8bn. Total UK supermarket sales rose 4.6% despite the partial reopening of hospitality, which would be expected to eat into food and drink sales for home consumption.

Categories that suffered during lockdowns recovered in April including health and beauty items, whose sales rose 27%, deli items, up 28% and bakery products, up 15.5%. Recent surveys have shown consumer confidence rising rapidly as vaccines are administered and restrictions ease.

In the past 12 weeks Lidl, up 18%, and Aldi, up 10%, had the fastest growth. Asda was the best performer of the big four grocers, up 4.6%, followed by Sainsbury's where sales rose 3.9%. Marks & Spencer sales rose 3.9% as non-essential retail reopened and people bought more food on the go. Tesco's share declined to 26.4% from 26.9%.

Mike Watkins, NielsenIQ's UK head of retailer and business insight, said: "As lockdown restrictions ease across the UK, it is clear that shopper behaviours have changed once again with growing confidence and growing numbers returning to stores.

"With rules set to relax further within the next few weeks, consumer lifestyles will begin to adapt and it's likely that we'll see another change in grocery spend as cafes, pubs and restaurants fully reopen."
More News
9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

Read more
9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

Read more
9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

Read more
9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

Read more
9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

Read more
30 Jan 2024 09:02

TOP NEWS: UK grocery price inflation slowdown pauses in January

(Alliance News) - UK consumers continued to hunt for deals during their supermarket shopping in January, numbers from Kantar on Tuesday showed, but more limited promotional activity meant price inflation only eased slightly.

Read more
30 Jan 2024 09:01

LONDON MARKET OPEN: Stocks up; UK grocery price inflation cools

(Alliance News) - Stock prices in London opened higher on Tuesday, after new data showed that UK grocery price inflation eased in January.

Read more
26 Jan 2024 16:21

London close: Stocks finish higher as US inflation cools

(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.

Read more
26 Jan 2024 13:52

JPMorgan Cazenove cuts Tesco, Sainsbury's price targets

(Sharecast News) - Tesco and Sainsbury's were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".

Read more
26 Jan 2024 09:07

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
23 Jan 2024 11:23

Staffline shares fall as profit declines; notes headwinds

(Alliance News) - Staffline Group PLC on Tuesday said underlying operating profit fell in line with market expectations in 2023 as it aimed to "deliver progress into 2024" despite headwinds.

Read more
19 Jan 2024 11:19

Grim UK retail sales knock sterling and lift gilts

LONDON, Jan 19 (Reuters) - The pound sagged and UK government bond prices rose on Friday, after a shock drop in British consumer spending in December raised the risk of recession, putting a stop to the currency's recent gains.

Read more
19 Jan 2024 10:50

UK retail sales slump points to new risk of recession

Retail sales slump 3.2% in December, biggest drop since Jan 2021

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.