Tesco’s sales up but investors fear tough times ahead
Despite the fact the Tesco delivered another quarter of sales growth, investors are weary of the group’s ability to contend with higher inflation and competition.
Tesco
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Investors hail Tesco in spite of gloomy results
Investors have welcomed Tesco’s results as a sign the supermarket giant is “back on track”, even though it reported a 28% profit drop and a pension deficit two times higher than the previous year.
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Tesco hit over market abuse; investors challenge Booker deal
Tesco incurred the wrath of the FCA over an accounting mishap in 2014 on Wednesday and faced opposition from majority shareholders, Schroders and Artisan Partners, over its proposed takeover of Booker.
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PA ANALYSIS: Is the Tesco/Booker deal a look at the future of food?
Presenting the proposed merger of food retailer Tesco and wholesaler Booker, Tesco CEO, David Lewis said the combined group would “delight” customers.
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Fickle consumer and rising inflation could derail retailers’ rally – Brewin Dolphin
Although Thursday’s influx of trading updates highlighted positive growth for retailers like Marks & Spencer and Tesco, problems in the sector persist, according to Brewin Dolphin equity analyst Nicla di Palma.
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Unilever shares plunge as it clashes with Tesco
Unilever shares slid this morning as it announced third quarter results and news of a fall-out with one of its biggest customers spread.
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Tesco shares surge after recovery story takes root
The market was enticed by Tesco’s recovery story Wednesday morning, leading to a 10.6% jump in the supermarket’s share price to 208.7p.
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Tesco on the road to recovery with continued sales momentum
Evidence of its sustained sales momentum, propelled Tesco’s share price upward by nearly 2.2% to 170p during Thursday morning trading.
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Tesco shares on the slide despite return to profit
Tesco saw its shares slide over 5% despite reporting a return to profitability after a troubled period.
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Tesco shares jump as supermarket sentiment thaws
Tesco has become the latest major UK supermarket to see a notable share price rise triggered by a strong set of numbers.
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PA ANALYSIS: UK consumer still under the weather despite spending power boost
Too hot or too cold, UK retailers’ reasons for poor performance is becoming ever more like goldilocks’ adventures with porridge. So how many more excuses can investors weather?
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Finding the right aisle in the consumer spending spree
Multi-faceted companies are the best way for investors in UK consumer spending to negotiate the backdrop of falling goods prices, according to Smith & Williamson’s Tineke Frikkee.