Tesco Share Discussion Threads

[retsius] 05/10/2016 09:30

'I cannae' stop her captain!!!'

[chinese investor] 05/10/2016 09:07

When people see the good news today they'll return to TESCO !

[retsius] 05/10/2016 09:05

Excellent reaction to results which the city sees as good progress in turning this company around.Shorts must be hurting!
R.

[srpactive] 05/10/2016 08:56

rsi 85, crikey I bet the shorters are getting very excited.

[jordaggy] 05/10/2016 08:52

Most CEO's think of themselves as financial celebrities...such is their vanity. Good result though.

[careful] 05/10/2016 08:19

What a difference a good CEO makes.

[chinese investor] 05/10/2016 08:11

GO GO HORSEY !

Chinese Investor 20 Sep '16 - 08:14
200p Soon !

[dbensimon] 05/10/2016 08:06

Wow share price Is up 10%

[anony mous] 05/10/2016 07:46

Skynews...28% profit hit. Down to £71m.

[alphorn] 05/10/2016 07:40

There is an old adage for exceptional items. If it is a gain it is normal trading; if it is a negative then exceptional.
Look at Note 4, most IMO are normal costs of a running a large group.
Otherwise progress.

[cocker] 05/10/2016 07:31

Stonking results imo. I wonder whether the market will see the same when it opens.

[discodave4] 05/10/2016 07:23

Pension the only down side IMV, forecast was £5bn, it's now £5.9bn.DD

[nathdani] 05/10/2016 07:22

pension deficit is now 5.9 million the fly in the ointment.already in the news though.

[tenapen] 05/10/2016 07:12

There was no trader dip in the share price yesterday as the markets guessed todays results were going to be stronge !! and stronge they are.

Poor portside, got it wronge again.

[vaneric1] 04/10/2016 10:11

Ambulance chasers?

[loganair] 04/10/2016 09:56

Further to the legal action - Jeremy Marshall, chief investment officer of Bentham Europe, said: "We are confident of the result due to the high level of analysis we have undergone."

"It is clear that there was some knowledge from within the business [Tesco]."

[vaneric1] 04/10/2016 08:56

Neilyb675
3 Oct '16 - 17:19 - 18098 of 18100 0 0

Would Tesco be insured against such claims? Is it possible to insure against employee misfeasance?
--------------------------
no chance

Is that a legal opinion?

[retsius] 03/10/2016 18:12

Claims will be contested by Tesco and could take years to settle,and I am not sure they would win against Tesco.
The amount seems very modest anyway at £150m. Tesco turnover £55b,so I don't think it's going to be another 'PPI scenario'
SP strong ahead of interims and I am hoping for encouraging figures.Remember we all have eat!
Let's keep our fingers crossed !
R.

[nerdlinger] 03/10/2016 17:35

Yes Tesco might have to fork out 10s of millions to settle claims (£8m already paid in US investor settlement) but on the other hand Theresa May strongly implies Hard Brexit, tariffs on grocery imports and consequently a farewell to Aldi & Lidl. Bulls win I think.

[neilyb675] 03/10/2016 17:19

Would Tesco be insured against such claims? Is it possible to insure against employee misfeasance?
--------------------------
no chance

[vaneric1] 03/10/2016 17:04

Would Tesco be insured against such claims? Is it possible to insure against employee misfeasance?

[loganair] 03/10/2016 11:25

A group of Tesco shareholders is set to take legal action against the retailer after allegedly losing £150 million in total from the accounting scandal that rocked the supermarket in 2014, according to the BBC.

"Shareholders were misled by information inaccurately provided to the market with knowledge by management," Jeremy Marshall of Bentham Europe, the firm behind the action told the BBC.

He added that any case against Tesco is expected to be filed by the end of October.

Marshall noted that around 60 unspecified "large" investors are currently expected to take part in a group action against the company, but that number could increase once the suit is formally filed. Pension funds from across the UK, Europe, and USA, along with other asset managers are among those involved right now.

The news comes roughly one month after it was announced that three former executives from Tesco had been charged with fraud and false accounting related to the overstated profits.

[tenapen] 02/10/2016 18:53

retsius, don't beleave a word portside says both here and over on the barc thread. He/she will be posting on Wednesday after the results claiming to have bought back in on the Tuesday dip ! and made even more !.

[alibx11] 02/10/2016 18:41

Typical of the FT..

Mail on Sunday reports on it's estimated pensions deficit and...

"The company is expected to announce on Wednesday that sales have risen for the past three quarters after Tesco’s chief executive Dave Lewis started to turn the business around.

Analysts say the interim profit could increase by 40 per cent to £487million. Its lower-price Farm brands range is said to be delivering rising volumes as sales speed up.

Bruno Monteyne, an analyst at Bernstein, said: ‘Tesco’s large pension deficit will get worse when it announces its latest results. However, we expect that is already well reflected in the current share price.

‘It remains one of the strongest food retailers with solid sales growth, access to the fastest growing convenience and online channels and a well-executed own label strategy.’