Tesco Share Discussion Threads

[yump] 01/2/2023 23:31

This thread has become like those pointless TV interviews with joe public for his random, unreasoned opinion, so I'll take my leave and leave you with my latest thought that I think fits in nicely: inflation has probably been caused by 12 years of Tory austerity and the government running down the very fabric of society, that has been built up over the decades by ordinary hard working people and Gordon Brown was really a rampant Tory, which is why he cut capital gains tax from 40% to 10% for businesses that held assets for more than 2 years, resulting in the rush to buy and hold empty property in London and will the strikers who bang on about the lack of investment in their areas of work, come out and demonstrate in their spare time about that, if they get the pay rise they want ?

[helen troy] 01/2/2023 22:39

Another 1.7m bought back at 247.

[geckotheglorious] 01/2/2023 11:03

Helen,

I know there are but a monthly Electric/Gas bill of only £67 is quite astounding. And having some left over to finance a holiday!

Hence my question.

My gas & leccy is £350-400 a month and we are frugal - hardly have heating on as it hasnt been cold enough. Bigger house though - 4 bed.

Hardly ever use the Oven for example.

[helen troy] 01/2/2023 09:29

Gekko, there are different ways to live. https://www.unilad.com/community/couple-live-on-cruise-ship-cheaper-than-mortgage-425947-20230130

[helen troy] 01/2/2023 08:35

Yup. 1426000 buybacks bought at 246.90p

[konradpuss] 31/1/2023 19:44

This brings back bad memories of 'good old Phil' buying Giraffe restaurants.

God only knows what this acquisition is all about!

[hazl] 31/1/2023 16:17

We have done well lately.
This is I think a shrewd move though I feel for the employees.

[hazl] 31/1/2023 16:16

Thanks phil!

[philanderer] 31/1/2023 16:10

Paperchase: Tesco buys stationery brand but not its shops..


Tesco has bought the brand and intellectual property of High Street stationery chain Paperchase, hours after it fell into administration.

But the grocer has not acquired the chain's 106 shops in the UK and Ireland, leaving the future of 820 staff in doubt.

Tesco will now sell the stationer's goods in its stores across the UK.


https://www.bbc.co.uk/news/business-64457502

[philanderer] 31/1/2023 16:05

-- The grocer is unlikely to be interested in Paperchase's stores, which puts its employees at risk of losing their jobs, according to Sky News.

[albert3591] 31/1/2023 13:32

Will some paper chase store be converted to tescos?surely will I suppose or are they building a bit more land for renting out.

[vaneric1] 31/1/2023 12:46

Picking up the debris from the Paperchase collapse it seems.

[johnwise] 31/1/2023 12:04

Grocery price inflation hits a record 16.7% high leaving cash-strapped families facing an extra £788 on their annual food shopping bill

Food prices have leapt a 'staggering' 2.3 percentage points in just four weeks

Analysts now fear year-on-year grocery bills will soar by almost £800 in 2023

It comes amid warnings the UK will be the only G7 economy to slip backwards

https://www.dailymail.co.uk/news/article-11695785/UK-shoppers-hit-staggering-788-rise-grocery-bills.html

[helen troy] 31/1/2023 11:47

I bet Citi are filling their boots. We'll know tomorrow.

[helen troy] 31/1/2023 11:45

Ha ha. I've learnt a new acronym. wgaf. I'm not sure I'll use it a lot.

[saint or sinner?] 31/1/2023 11:30

Nothing to do with remaining competeitive Johnwise, just pure corporate greed. Over time simply get younger, inexperienced employees to 'try to' manage for significantly less money than their predecessors.

It will of course all inevitably unravel at some point and consumers will go elsewhere, then the downward spiral with gather ever greater momentum. Just look at Morrisons and even Asda to a degree.

Rather than stick to what they were good at they feel the need to compete in the race to the bottom (much like the UK governments approach to UK PLC). Choice at Tesco has shrunk considerably over the last few years as they offer far fewer items and brands, and as they throw away the old management capability they wonder why they get issues around supply chain, attendance/ HR issues, low staff morale and poor worker retention. Gaps on the shelves? Nobody on checkouts? Of course, but that is top down penny pinching reducing overtime/ staffing budgets, whilst trying to force consumers to use Scan (steal) As You Shop and self service checkouts.

When you are Number 1 There is only one way to go and that is down, but boy Tesco senior Execs are doing their damnedest to ensure its a fast and furious descent, but they will no doubt exit with pockets bulging full of cash so wgaf?

[helen troy] 31/1/2023 10:40

Sorry Gekko. I don't know what year it is. That should be April 2024. :-)

[helen troy] 31/1/2023 10:39

Sorry Gekko. I don't know what year it is. That should have been April 2024 :-)

[johnwise] 31/1/2023 10:24

Tesco axing in-store management roles as shake-up impacts more than 2,000 jobs

Tesco said the shake-up was needed in order for it to “remain competitive”.

https://www.thegrocer.co.uk/tesco/tesco-axing-in-store-management-roles-as-shake-up-impacts-more-than-2000-jobs/675794.article

[geckotheglorious] 31/1/2023 10:14

Helen Troy
Post 27989
"Gekko. I pay 4p a kw hour gas, 19p electricity, fixed till April 2023. Terraced house, triple glazed, loft insulated. Combi boiler. I try and go abroad a few months in the year and switch my gas off. 67 pounds a month more than covers my energy, and the winter saving pays a chunk of my accommodation abroad"


Wowsers.
You must live very frugally. £67 a month for energy,and money left over for holiday from Govt winter payment.



Helen Troy
Post 27990
"I could stay abroad longer in winter but for Brexit. :-("

What's Brexit got to do with anything? Plenty of places around the world where you get a 6 Month Visa just for having a British passport. As to Europe - it's 90 days or so isn't it? If you're holidaying you wont be restricted to one European country either sutrely? Unless you own a European holiday home.

Impressive frugal living though. £67 a month gas&leccy expenses. We dont even get close to that in Summer when we are outside nearly all of the time.

[helen troy] 31/1/2023 09:12

I could stay abroad longer in winter but for Brexit. :-(

[helen troy] 31/1/2023 09:10

Gekko. I pay 4p a kw hour gas, 19p electricity, fixed till April 2023. Terraced house, triple glazed, loft insulated. Combi boiler. I try and go abroad a few months in the year and switch my gas off. 67 pounds a month more than covers my energy, and the winter saving pays a chunk of my accommodation abroad.