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Happy with that

Good luck all, should see this attack 2p again soon imo

Barclays raises Tesco price target to 475 (415) pence - 'overweight'

Deutsche Bank Research starts Tesco with 'buy' - price target 470 pence

Total Planned Buyback: £1.45 billion, to be executed by April 2026 .

Initial Tranche: £700 million, the first phase funded in part by the sale of Tesco Bank, and already underway .

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Timeline & Funding

Announced: 10 April 2025 – the board approved a buyback up to £1.45 billion, with the first tranche capped at £700 million .

Funding Breakdown: £750 million from free cash flow, plus £700 million tied to proceeds from the Tesco Bank sale .

Tesco PLC announces the commencement of its buy back of shares with an aggregate market value of up to

£1.45 billion by April 2026 as part of its ongoing share buyback programme (the "Programme").

The buyback is 1.4 billion

Hopefully it will break this week, if not when people re invest their dividend payments next week

Will we break the £4 barrier this week?

Bernstein raises Tesco price target to 440 (430) pence - 'outperform'

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said: “Tesco continues to flex its muscles as the nation’s favourite grocer, delivering market share gains and increased customer satisfaction in an extremely competitive market.”ekrie added: “Despite the strong start to the year, full-year underlying operating profit guidance has been maintained at a range of £2.7-3.0bn. That points to a slight decline from the £3.1bn seen last year and looks a little conservative in the current environment, potentially leaving room for some positive surprises as the year progresses.”

Plus they are imo deliberately underplaying the forecast

Good news that Booker performance as improved.

Tesco’s update for Q1 is due on Thursday.

According to the AJ Bell trio, the headline figures will be the change in like-for-like sales, excluding VAT and fuel, at the UK, Irish and Booker businesses, as well as the Central European operation.

“Only Booker suffered a drop in the financial year to February 2025 and the latest market share figures from Kantar for the UK grocery market bode well, as Tesco has gained 40 basis points of market share over the past year,” they said.

“That may help to explain why Tesco shares are not too far away from twelve-year high, despite fears of a supermarket price war. Asda’s reboot under new chair Allan Leighton prompted such concerns but, for now, the competition seems relatively limited in scope, with a focus on club card and loyalty scheme customers and loss-leaders that drive footfall.

“Mr Leighton claims he can see the green shoots of recovery at Asda, but the latest Kantar Worldpanel survey of market share in the UK grocery market suggests that Tesco, Aldi and Lidl continue to have both Asda and Morrisons for breakfast.”

Barclays raises Tesco price target to 415 (400) pence - 'overweight'

Tesco PLC boosted sales by 5.9% on-year to increase its share by 0.4 percentage points to 28.0% of the market, while sales growth at J Sainsbury PLC was up by 4.7% to take a 15.1% share.

JPMorgan raises Tesco price target to 400 (390) pence - 'overweight'

Goldman Sachs raises Tesco price target to 400 (370) pence - 'buy'

Among individual grocers, sales sparked 6% at Tesco in the 12 weeks to 20 April, giving the UK's largest supermarket a market share of 27.8%. Sales rose 4.4% at J Sainsbury, taking its market share to 15.3%.

Murphy smells an opportunity to take even more market share from smaller rivals Asda and Morrison by investing in prices and we suspect the dust will settle fairly quickly and investors will get behind his strategy.