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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tesco Plc | TSCO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.60 | -0.44% | 365.30 | 15:15:42 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 366.40 | 365.30 | 367.90 | 366.90 |
| Industry Sector |
|---|
| FOOD & DRUG RETAILERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 03/10/2024 | Interim | GBP | 0.0425 | 10/10/2024 | 11/10/2024 | 22/11/2024 |
| 10/04/2024 | Final | GBP | 0.0825 | 16/05/2024 | 17/05/2024 | 28/06/2024 |
| 04/10/2023 | Interim | GBP | 0.0385 | 12/10/2023 | 13/10/2023 | 24/11/2023 |
| 13/04/2023 | Final | GBP | 0.0705 | 11/05/2023 | 12/05/2023 | 23/06/2023 |
| 05/10/2022 | Interim | GBP | 0.0385 | 13/10/2022 | 14/10/2022 | 25/11/2022 |
| 13/04/2022 | Final | GBP | 0.077 | 19/05/2022 | 20/05/2022 | 24/06/2022 |
| 06/10/2021 | Interim | GBP | 0.032 | 14/10/2021 | 15/10/2021 | 26/11/2021 |
| 13/04/2021 | Final | GBP | 0.0595 | 20/05/2021 | 21/05/2021 | 02/07/2021 |
| 25/01/2021 | Special | GBP | 0.5093 | 15/02/2021 | 12/02/2021 | 26/02/2021 |
| 07/10/2020 | Interim | GBP | 0.032 | 15/10/2020 | 16/10/2020 | 27/11/2020 |
| 08/04/2020 | Final | GBP | 0.065 | 21/05/2020 | 22/05/2020 | 03/07/2020 |
| Top Posts |
|---|
Posted at 16/12/2024 16:24 by hazl Well balance must be achieved or customers will go elsewhere.At the moment though TSCO seems to be doing alright. |
Posted at 22/11/2024 11:06 by philanderer Artemis puts more Tesco in their basketArtemis’ UK equity income trio are attracted to the cashflow potential at Tesco (TSCO), which is fuelling share buybacks and a 7% cashflow yield. Managers Nick Shenton, Andy Marsh and Adrian Frost hold the Citywire Elite Companies AA-rated supermarket in their Artemis Income fund, where it is the second-largest position, making up 4.5% of the £4.9bn portfolio. They said the grocery store’s ‘strong value proposition continues to appeal to all customers’ and has helped it drive market share from ‘an already dominant position’. ‘The latest industry data suggests Tesco’s market share of UK grocery is almost 28%, nearly double the share of second place Sainsbury’s (SBRY),’ the trio said. It is also benefiting from the ‘travails̵ This has all provided the managers with ‘confidence in the long-term free cashflow potential of Tesco and makes a 7% free cashflow yield look attractive’. ‘Moreover, Tesco is one of many examples of the power of share buybacks in the portfolio: a 4% dividend yield could grow at 5% per annum through the effects of buybacks alone – this is before we consider the supplementary effects of cashflow growth,’ said the trio. The shares rose 0.7% to 351p on Thursday, putting them up 27% over the last 12 months. citywire.com |
Posted at 21/11/2024 20:34 by peteret And tesco will pay a 4.25p dividend tomorrow to share holders. |
Posted at 12/11/2024 08:23 by igoe104 TSCO share of the market last month has jumped to 27.9%...Kantar.. The two largest supermarkets in Great Britain also outperformed the wider market. With sales up across all its store formats and online, Tesco’s sales rose by 4.6% taking it to 27.9% of the market, up 0.6 percentage points on last year. Spending through the tills at Sainsbury’s climbed 4.4%, making its overall share 15.5%. Sainsbury’s saw a rise in both shopper numbers and trips this period. Asda’s hold of the market is now 12.5%. Morrison’s sales grew by 2.4%, outpacing the market average for the first time since June 2021. Its share of take-home sales remains at 8.6%. Aldi held its sh |
Posted at 10/11/2024 10:24 by xtrmntr Supermarkets and banking were never the most obvious bedfellows. Tesco (TSCO) and J Sainsbury's (SBRY) now agree with this and have concluded that their experiment with selling loans and credit cards to the British public distracted from their core grocery offerings. Shareholders should benefit from a more efficient allocation of capital.At one time, Tesco Bank and Sainsbury's Bank were considered challenger banks who could make inroads against the hegemony of the big players. The grocers' strategy was to extend their brand power into the growth area of financial services, and the UK's two biggest supermarkets originally moved into the market through joint ventures in 1997. But their recent disposal of banking assets means the journey has come to an end.Last week, Tesco announced it had completed the sale of its credit cards, unsecured personal loans, deposits and banking operating infrastructure to Barclays (BARC) for £600mn. Sainsbury's sale of its own core banking business, to NatWest (NWG), is expected to complete in the first half of 2025 after management tried and failed to find a buyer during the pandemic. The supermarket will pay NatWest £125mn alongside the handover of £2.5bn in assets and £2.6bn in liabilities. Sainsbury's previously sold its mortgage book to the Co-operative Bank for £464mn last year, and has also announced the sale of its ATM network for an undisclosed figure in September, which includes profit-sharing provisions.Shore Capital analyst Clive Black told Investors' Chronicle that Tesco and Sainsbury's banking arms made "derisory returns given acquisition costs and capital expenditure". He added that shareholders should be "happy the supermarkets aren't now throwing good money after bad".Expectations were certainly sizeable. Tesco argued back in 2008, when it bought out Royal Bank of Scotland's half of its banking joint venture for £950mn, that it could ultimately make £1bn in annual profit from non-food areas such as financial services and telecoms.But profits haven't been awe-inspiring. Over the past six financial years, Tesco posted an annual adjusted operating profit of around £150mn-£200mn, while Sainsbury's was stuck below the £50mn mark.Low market share (Tesco Bank has around 5mn customers and Sainsbury's Bank under 2mn) in an environment where it is difficult for challengers to scale up against dominant incumbents, combined with a strict regulatory landscape, conspired to bring down banking hopes.Black argued that the supermarkets "totally underestimated how costly, bureaucratic and onerous financial services regulation would become in the UK".The grocers' retrenchment also ties in with a renewed focus on food as they deal with the growth of Aldi and Lidl. Sainsbury's chief executive, Simon Roberts, has spearheaded a 'food first' strategy, and the latest news on this front was the announcement of an extension of its Aldi price match scheme at smaller stores ahead of its interim results on 7 November. Tesco boss Ken Murphy said its banking sale would let it fix its attention on "continuing to grow our core retail business".Capital returnsOne effect of the banking disposals will be the return of capital to shareholders. Tesco plans a £700mn additional buyback, on top of the £250mn special dividend Tesco Bank paid out last year. Once the sale to NatWest completes, Sainsbury's expects to return £250mn to shareholders that had been ringfenced because of capital requirements.But this is also about a more efficient use of capital, with billions of capital-intensive assets being removed from balance sheets. The grocers are still benefiting from strategic partnerships in the banking space and retained financial services assets, which they both described as "capital-light, profitable businesses".Tesco expects to post £80mn-£100mn of adjusted operating profit each year from a partnership with Barclays and its insurance and money services assets (which include ATMs and travel money). Sainsbury's forecasts at least £40mn of annual income from insurance and branded ATMs and travel money services, alongside a partnership with NewDay, to which it has agreed to sell its Argos financial services cards portfolio for around £720mn.Tesco and Sainsbury's sales are part of a wider trend of consolidation in the UK banking sector. Nationwide completed its £2.9bn acquisition of Virgin Money last month, while Coventry Building Society is in the process of buying the Co-operative Bank for £780mn.Elsewhere in the grocery and banking crossover space, Marks & Spencer (MKS) this week said that it had taken a £7.5mn charge in its half year to 28 September in relation to redress for insurance product miss-selling at M&S Bank. It expects to record net charges of £94.9mn over the next seven years. HSBC (HSBA) has owned M&S's financial services division for two decades, but M&S is entitled to a share of the profits. The pair signed a new seven-year partnership in April. |
Posted at 07/11/2024 15:24 by igoe104 TSCO tipped in the shares Magazine, very encouraging write-up..If your a AJ Bell customer you can read for nothing.. |
Posted at 31/10/2024 20:54 by hazl What happened to talking about TSCO and investments in general? |
Posted at 30/10/2024 09:39 by hazl Yump that has always been the case for the corner shop.Yes it does mean more profits per item but there are overheads. More buildings, deliveries, organisation, staff and so on. TSCO are doing well in a difficult environment! |
Posted at 07/10/2024 11:34 by grahamburn This statement is incredible and impossible:"This allowed the grocer to increase its dividend by 10.4p to 4.25p" He really meant to write: "This allowed the grocer to increase its dividend by 10.4% to 4.25p" |
Posted at 07/10/2024 09:44 by philanderer Tasty opportunities at Tesco, says HargreavesTasty first-half results have given Tesco (TSCO) confidence to upgrade full-year guidance and, despite a run-up on the shares, Hargreaves Lansdown says there’s further to go. The Citywire Elite Companies AA-rated stock reported a 4% rise in first-half sales to £31.5bn, ignoring fuel and exchange rates, with retail underlying operating profit boosted 10% to £1.6bn. This allowed the grocer to increase its dividend by 10.4p to 4.25p and increase full-year profit guidance to £2.9bn from £2.8bn. Analyst Aarin Chiekrie said easing that inflationary pressures and a commitment to keeping food prices low had helped Tesco fend off competition from the likes of Aldi and Lidl. While at the other end of the spectrum, its Finest range helped it to ‘poach customers off more premium supermarkets’. ‘Both of these actions have left Tesco on a high at the half-year mark,’ said Chiekrie. ‘The strong volume-led growth has given management the confidence to upgrade full-year profit guidance. With a strong start to the year and the all-important Christmas period just around the corner, this upgraded target looks well within reach.’ There is also ‘plenty of cash pumping around the business too, which is helping to fund share buybacks and a double-digit increase in dividends.’ Chiekrie said ‘market-leadin The shares fell 0.9% to 360.8p on Friday, but have gained 33.3% over the last 12 months. citywire.com |
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