Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Gunner, I had a look on the equiniti website the other day to see if they had anything related to takeovers and it says the below:-
You can choose to use your savings and any interest to buy shares under option. If you've been in the scheme for less than 3 years you may have to pay Income Tax on any gain between the option price and the market price at the time. Your new company may allow you to "roll over" your existing option to a new scheme. If Tesco is taken over you will receive further information about all your choices and the timescales.
@Costainonly
I disagree. If you take a look at the operating profit in the link to Tesco's official website below you will see that I am correct. I wasn't ranting I was stating facts
https://www.tescoplc.com/investors/reports-results-and-presentations/financial-performance/five-year-record/
What a ridiculous post - what about the Tesco business is going to drive the SP up by 35% to 300p and then down by 40% to 178p?? This isn't an AIM share. It has grown profits continually over the last 5-6yrs and it's market share has remained pretty flat at about 27% of the market for the last few years, even reporting a small share increase late last year. It is clearly moving it's focus away from sales and into profits while also growing it's dividend - I still think it's a solid share to hold and don't expect the wild swings predicted
The concern is that this is now 20% down on where if was before it announced the successful phase IIb results. These results were billed as transformational for the business but the share price has gone backwards since the announcement. I bought in at 90p so still looking good but each day I see my profits dwindling
Daytrader
All the additional staff employed were done so on a temporary contracts and as the permanent staff returned from sick leave they were released, as per their contract. These were one off costs in the main however they have stated today that they expect 20% of the costs incurred this year due to COVID will apply next year, so circa £225m. I can't see how they will weigh heavily on profitability for years. I wouldn't expect them to play a part on the P&L after this financial year
Thanks Panderman
Leas - although I agree with you on the online costs and scrapping of building distribution hubs I do think that there has been a significant payroll costs in the form of paying full sick pay for all colleagues off sick with COVID to the employment of up to 50k new temp staff to cover shortages. The stores have had social distancing equipment installed (screens etc..) at a significant cost across the entire estate. Then there is the drag on profits of the bank and the lower profit margin of online sales. I think Tesco results will be the strongest in their sector but I just know there have been huge costs incurred throughout the year that will pull back some of the sales growth.
GL
Tesco just grew its market share for the first time , in I think, 5yrs so if anything it seems their response to the pandemic and their agility in growing their online business is actually gaining them new customers and not the other way around
HL move dividends once a month onto your account, usually around the 10th of each month so unless you have your dividend payments set to reinvest then you won’t see the cash in your account until the 10th March however it will be paid out by Tesco tomorrow