Tesco Share Discussion Threads

[shanieboy01] 09/9/2017 22:16

Anyone know the answer to my pension question please

[toon1966] 09/9/2017 10:39

Buywell3 - why are you posting old pension deficit news? Do you really believe all your anti-Tesco posts will have a negative impact on the SP?

[shanieboy01] 09/9/2017 09:29

Are we expecting dividend news anytime soon

[buywell3] 08/9/2017 12:08

2017 is set to be another year of rising pension deficit for TSCO





Tesco pension deficit more than doubles despite strong sales profits

12/04/17

Tesco’s pension deficit has more than doubled in the year to the end of February 2017, despite reporting its first sales growth in seven years.

The supermarket chain reported a pension deficit increase of £2.9bn to £5.5bn from £2.6bn the previous year. The rise has been attributed to falling interest rates and higher inflation.

Tesco’s triennial pension valuation is currently taking place, with an expected increase of scheme contributions.

The interest rate used to value the scheme has fallen from 3.8 per cent last year to 2.5 per cent in 2017, while the inflation assumption has risen from 2.9 per cent to 3.2 per cent. Both of these have led to an increase in scheme liabilities.

Furthermore, the net pension finance costs of £113m reduced in line with the reduction in the opening IAS 19 pension deficit at the start of the 2016/17 financial year. For 2017/18 the net pension finance cost is expected to rise to c.£165m.

Hargreaves Lansdown senior analyst Laith Khalaf commented: “Things are looking better at Tesco, but the supermarket’s profits have been diminished by the fines and compensation it has to fork out for mis-stating its profits in 2014. Operationally the company is staging a recovery but it’s not out of the woods just yet.

“The supermarket is facing the prospect of a rise in pension contributions because its scheme valuation is rather inconveniently taking place now, when interest rates are low and inflation is rising, both of which will serve to magnify the deficit.”

[buywell3] 08/9/2017 11:42

And the answer

September 8 2017,

A number of FTSE 100 companies are tethered to enormous pension shortfalls, including an estimated £7.6 billion deficit at BT and a hole at Tesco worth more than £5 billion at the last measure.

[buywell3] 08/9/2017 11:37

Are TSCO so strapped for cash to do this ?


Tesco criticised for deducting £3.4m from plastic bag tax charity donations
Government data reveals Tesco deducted administration costs from plastic bag sales, unlike other major supermarkets, angering senior MPs

The government expects shops to donate the proceeds of the 5p plastic bag tax to Thursday 7 September 2017


Millions of pounds in administration costs were deducted from the charitable donations made by Tesco using funds generated from the plastic bag tax, government data has revealed. No other major supermarket made any such deductions, leading senior MPs to urge Tesco to follow their lead.

The 5p charge for plastic bags was introduced in England in October 2015 and has led to an 83% reduction in their use, equivalent to 9bn fewer bags. It is also credited with a drop by nearly half in plastic bags found littering beaches.

The government is clear that it expects shops to donate the proceeds of the 5p plastic bag tax to good causes. The latest official statistics, covering the year to March 2017, show that Tesco sold 637m carrier bags, raising £31.9m in proceeds. But the supermarket giant deducted £3.4m to cover the “cost of administering donations”, equivalent to more than 10% of the total.



Tesco topped the list of plastic bags sales but no other company in the top 10 made administration deductions, including Asda, Morrison, the Co-op, Marks and Spencer, Aldi, Iceland and Waitrose.

“The legislation for the 5p plastic bag charge is clear that the money raised should go to good causes,” said Mary Creagh MP, chair of the environmental audit committee. “Five years after the horsemeat scandal and three years after a false accounting scandal, Tesco finds itself again in the spotlight for doing the wrong thing. They should drop this ridiculous charge immediately.”

Neil Parish MP, chair of the environment, food and rural affairs select committee, said: “As much money as possible from the plastic bag tax should be going to charitable causes. It would be great to see Tesco follow the lead of other retailers and not deduct admin costs. That would be a very positive step for Britain’s biggest supermarket to take.”

A spokesman for the Department for Environment, Food and Rural Affairs said: “There is clear expectation to donate the proceeds of the plastic bag charge to good causes. We know that £95m raised has been donated to good causes so far and by publishing the data on donations, along with the number of bags distributed, this has the added effect of encouraging retailers to donate to good causes.”

[ny boy] 08/9/2017 11:30

Amazon is not not relevant only too selling books etc

Meanwhile BACK in the real World..sp starting to break above 188p resistance

[shanieboy01] 08/9/2017 10:51

See i said amazon is a red herring

[cocker] 08/9/2017 09:37

Still very interested to see this downward chart buywell you keep on about

[johnwise] 08/9/2017 08:04

Tesco criticised for deducting £3.4m from plastic bag tax charity donations

Millions of pounds in administration costs were deducted from the charitable donations made by Tesco using funds generated from the plastic bag tax, government data has revealed. No other major supermarket made any such deductions, leading senior MPs to urge Tesco to follow their lead.

[philanderer] 07/9/2017 23:44

:-)


'Tesco launches clever new vegetable range… and it could be a HUGE help getting the kids to finish their dinner'

[fangorn2] 07/9/2017 20:23

Indeed.We are ALL intrigued what goes into those Tiger loaves..simply irresistible.

[philanderer] 07/9/2017 19:05

Tesco News‏Verified account @tesconews 2 hours ago

It’s official: our bakeries are the best thing since sliced bread @BritishBaker Baking Industry Awards 2017

[philanderer] 06/9/2017 16:20

Oh well , just a thought :-)

[vaneric1] 06/9/2017 15:28

That would be a huge mistake phil, they have no experience of running bricks and mortar businesses, it's a lot different to sitting in an office and running an online business............even schoolboys in their back bedrooms have been successful at that.

[philanderer] 06/9/2017 14:17

LADESIDE , I reckon they'll bid for MRW within two years.

[ladeside] 06/9/2017 13:09

Amazon have been in the UK retail sector for years, Yes, they do some things well and they do others not so well. Their prices aren't particularly cheap, but again, you can get the odd bargain.

THEY are the ones taking a huge gamble if they seriously think they can move in and compete with the established grocers who have huge buying power, expertise and years of brand association.

It should also be noted that "online" is still mickey mouse stuff when compared with those choosing to set foot in store and for that Amazon have no answers............

[philanderer] 06/9/2017 12:29

TSCO just one of three out of eighteen up for me at the moment :-O

[buywell3] 06/9/2017 12:14

I am one of a few advfn posters that believe what this BB is about is either

1. Making money by making other advfn posters aware of newly forming positive situations in companies or

2. Saving money by making other advfn posters aware of newly forming negatives in companies

I view Amazon as the BIGGEST NEGATIVE ever to arrive in the UK as far as the BIG 4 supermarkets or indeed the whole UK Retail Sector in general as the whole lot will lose market share PLUS have to drop their prices ... so will also see reduced profits

However the flipside is Food and Drink prices look set to fall as a result, at least short term for a few years which will help many workers over the Brexit hurdle

Amen for Amazon

[vaneric1] 06/9/2017 11:42

I should have also said that Iceland have not just started offering free delivery it has been there for years, same day delivery in some cases if you shop in store and want it delivered so that's no new threat.

[toon1966] 06/9/2017 11:04

Well said vaneric1. The fact that Buywell does not understand the concept of 'wholesaler' is quite staggering!!

[vaneric1] 06/9/2017 10:14

I think you are talking tosh Buywell, Booker is not a load of small shops, the small shops are privately owned, only the brand names belong to Booker just like the Spar, Nisa and other similar groups.

Booker is a wholesaler supplying all these small shops plus pubs, restaurants and the like, it's a big business.

Why are you here? You arrive on scene and immediately start a negative campaign, did the Tesco checkout girl dump you?

[waldron] 06/9/2017 09:29

WILL NO LONGER POST ON HERE

TAKE CARE IAN

[ianood] 06/9/2017 09:21

Thanks waldron, I like the look of the recent double bottom, however I,m not too perturbed, its not a life changing or leveraged position :)